💥 Crypto Market Wipeout: $1.7B Liquidated!
In the last 24 hours, a staggering $1.7 billion in liquidations hit crypto exchanges, with $1.14 billion occurring in just 4 hours.
Over 565,000 traders were liquidated, most holding long positions on altcoins.
📉 Bitcoin briefly dropped to $94,000, while many major cryptocurrencies nosedived over 20%.
🚨 The largest single liquidation? A $19.69M ETHUSDT position on Binance.
Trading in crypto? Brace yourself—it's not for the faint-hearted. 😬💸 Data: Coinglass.
💥 Bitcoin Rollercoaster Wipes Out $56M
Within just an hour, Bitcoin surged past $100,000 only to crash below $98,000—a wild ride that left traders reeling.
During the chaos, over $56 million in positions were liquidated, mostly from over-leveraged Bitcoin longs.
🚀📉 High stakes, high risks—welcome to the crypto thrill ride! 🎢
🏀 Scottie Pippen's Bitcoin Dream Strikes Again!
🏆 Six-time NBA champion Scottie Pippen claims that Satoshi Nakamoto visited him in another dream—this time foreseeing Amazon and Microsoft buying Bitcoin! 😳
Back in September, Pippen dreamt of Bitcoin hitting $84,650 in November, and guess what? It came true. Is the Hall of Famer now a crypto oracle? 🤔
Who's ready to bet on Scottie's next vision? 🚀💤
📈 MicroStrategy’s Bitcoin Obsession Continues!
While Bitcoin flirts with the $100K mark, Michael Saylor’s MicroStrategy shows no signs of slowing down.
The company just announced the purchase of 21,500 BTC for $2.1B at an average price of $98,783 per coin. 💰
This brings MicroStrategy’s total holdings to a staggering 423,650 BTC (worth $41.6B), acquired at an average price of $60,324. 💵
Saylor’s strategy? HODL harder. 🚀🔥 Will this bold move pay off, or is it the ultimate diamond-handed gamble? 💎🤔
PS: You can read my other related crypto post below
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I'm very glad I don't day trade cryptos! Holding long positions through the bull market is my style. I have a good BTC position so downturns don't bother me very much. My DOGE took a 10% hit but will be back soon.
Maybe MS and Amazon will buy some BTC. But even more important... maybe they will start to allow BTC use on their platforms. And why doesn't eBay allow it yet? I think mass adoption is coming very soon.
Yes, mass adoption coming in. The shake off happening in the crypto space was due to huge sell off for Christmas. It's always that way each year.
Next year lot's of people will be buying back and tye altcoin will pump massively and one of the things that will trigger huge buying is when trump enter into office.