BTC BLOODBATH CONTINUES IN SHORTS POSITIONS

in bloodbath •  2 years ago 

And here we are with another big hit , lets call it a strike ! And it is only the beginning !

Game is changing , rules of the game and gamers .
Who ever thought Trading was easy and fun , or even doable will change its mind in 2023 , the rollercoaster we just entered will stop and kill many players .
Bloodbath with no mercy

BTC just hit hard and fast , taking in its dance even the ones who know how to dance .

It is a mirage , a lie , an evil laughter
And no one hear it or see it .
Exactly like what is coming ahead within these 3 years
2023/2024/2025
BE READY

SSSSSSSTRIKE

Almost $600 million out of the $650 million in total are short positions.

In one of its most impressive rallies in about a year, bitcoin skyrocketed by double digits, charting a two-month high above $21,000.

Most alternative coins have followed suit, resulting in over $650 million in liquidations on a 24-hour scale, the majority of which were from short positions.

It’s safe to say that the start of the year has been quite favorable for the cryptocurrency market. Bitcoin, for one, stood around $16,500 on January 1. After a quiet first few days, it began to add value and broke above $17,000 earlier this week.
However, that was just the start, as the asset kept breaking into forgotten ground in the following days and finally reached $20,000 late last night.
It continued climbing and jumped to $21,240 (on Bitstamp) for the first time since the FTX collapse unfolded at the beginning of November.
Several altcoins have skyrocketed even more in the past 24 hours. Solana has stolen the show with a massive 40% rally, driving it to a multi-month high of its own at above $23.
Polkadot (20%), Shiba Inu (14%), Ethereum (10.5%), Cardano (11%), Dogecoin (11%), Polygon (10%), and OKB (10%) are just some of the examples of double-digit price gainers.
This has resulted in the overall crypto market cap nearing $1 trillion for the first time in months on CoinMarketCap.
Short traders have felt the pain of this impressive rally, according to CoinGlass. The total value of liquidated positions in the past day stands at $650 million, but $590 million are from shorts.
More than 110,000 traders have been wrecked in the same timeframe, with the largest single order happening on Huobi, which was worth over $6.5 million.

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Some infos from cryptopotato.com
Charts from Google

Hodl tight on your seat while the crazy crypto wagon
only started dancing

May your day be wonderful

Opidia 🤍
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That's correct, this year 2023 started with the green candles and till now everything still look pretty amazing with Crypto

  ·  2 years ago  ·  

Yet ...a bloodbath happened for the greedy ones who want 100x more in one shot

Lets be cautious , 2023 might not be the easy green sign

You are right, but still go to shot some shoots. We can't say let wait and see how the whole thing end by December

  ·  2 years ago  ·  

I'm enjoying the market this week, i was big on Cardano and Etherium, so this is a buzz!

Hope it keeps going and i manage to bail at the right moment.

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  ·  2 years ago  ·  

Yes two great ones , congrats

  ·  2 years ago  ·  

Yes … lots of people lose everything and even more in a Short Squeeze. It’s a very dangerous game.

  ·  2 years ago  ·  

How to lose 100x Faster

  ·  2 years ago  ·  

Re🤬eD

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🥓

  ·  2 years ago  ·  

Thanks for sharing