Be VERY VERY careful of what you do now!!
$BTC - $3 BILLION long liquidations at $65k
Let me start by saying the BEST time to buy into SOLID Crypto projects is when every part of you is saying cash out and run away, not when everyone else is rushing to.
The moves we are seeing now in Crytpo is leverage!!
$BTC will liquidate $3 Billion with a fall to $65k!!!
Am I being negative,NO!! this liquidity shows interest in the market, so does the fear and greed index.For holders this is AMAZING, for FOMO or high leveraged entries this is when YOU make decision you REGRET!
Do I think BTC will have a parabolic rise to $100k in the next couple months?absolutely not, we don’t have a catalyst.
Please note,
ETF inflows have dwindled
Bitcoin is already up huge YTD it needs way more than the halving to reach $100k range.
High leverage is TEMPORARY belief it is not SOLID.
Bitcoin LOVES to find liquidity.
The average ETF purchase price held by the various funds clients is around $57k,these funds are not for high risk investments,it’s to diversify and get decent returns,people in funds like this don’t expect over 10% annual profits,they are not there for bitcoin to go up 40% in months.
Don’t Fomo in high leverage now,you WILL be crying in days,weeks.
To all those in square commenting about ENA,Wormhole and so on, if you still hold positions and want to exit NOW is the time to do so, if u thought it was a scam last week,nothing has changed, if u believe in these projects then hold.(I hold W and ENA)
Please considering following me if you want realistic Crypto predictions and want to learn, a like is always appreciated 😊
Be smart.
✌️