💰 Historically, Bitcoin tends to experience a drop after reaching its previous high, making it the last chance to buy before price discovery 🚀

-20% drop will be good buying opportunity. Anything beyond that could be seen as a Gift.

And expect 2x-3x more Discount in alts than bitcoin.

💰 $10 billion at risk of liquidation if the price drops by -20% from here 📉

And $1.2 billion at risk of liquidation if it pumps +20% from here 📈

$10 Billion Longs vs $1.2 Billion Short Positions.

A leverage flush is imminent...

💰 This wallet has purchased an average of 100 #Bitcoin per day since November 2022.

It now holds 51,164 $BTC worth $3.1 billion.

@News_Crypto

💰 Plan for next week :

Sell in the supply zone between $64,000 and $66,000.

Target demand zone around $50,000.

💰 There is strong selling pressure at the $66,000 to $67,000 range.

I anticipate it will drop back to around $59,000.

🆘🆘🆘 $200 million+ outflow from MicroStrategy wallet

@News_Crypto | link

💰 Bitcoin fell from $69,000 as expected to $59,000. During this drop, the highest selling volume in the last two years was recorded, and the market cap of BTC ETFs decreased by $54 billion to $50 billion.

This is a clear indication of bearish sentiment. Additionally, some of the long-term holders from 2010 took profits at $69,000, according to Glassnode.

If bitcoin falls below $59,000, there could be another wave of "Cascading Liquidations" down to $50,000 due to high leverage positions, early investors taking profits, and selling pressure from ETFs.