Dear friends in the crypto circle👬
Why did BTC crash and break 97k?
Because the data shows that when BTC drops below 97k,
there will be over 2 billion 💲 in liquidations.
However, when BTC rises above 100k, only 100 million USD will be liquidated.
But from the data, it has already been realized.
After BTC surged above 100k last night, it quickly fell 📉.
Around 4:40 AM on the 10th, it almost dropped below 96k.
The liquidation amount is at least over 3 billion.
It seems that December is indeed not peaceful.
The trend of BTC and its volatility are once again in sync with the US stock market.
Interestingly, November was completely out of sync with the US stock market!
It seems that my recent reminders ⏰ to everyone to hedge were correct.