Been mulling over what Ansem said recently (https://x.com/blknoiz06/status/1970050545823171061). I think there are multiple signs pointing towards general exhaustion within the crypto markets.
Touching grass for the past 2 weeks has allowed me to keep a clear head, and when I return to bid the biggest liquidation flush of the year only for my positions to continue bleeding lower, it is a huge warning sign to me. In 80% of cases those liq bids would've been profitable after some form of flush recovery but in the 20% of the times they are not, it heavily exposes the lack of marginal buyers in this market left.
I suspect we continue decorrelating from broader risk on markets and start losing key levels for majors soon. Looking at 100k BTC, 3.4k ETH and 160 SOL.
Touching grass for the past 2 weeks has allowed me to keep a clear head, and when I return to bid the biggest liquidation flush of the year only for my positions to continue bleeding lower, it is a huge warning sign to me. In 80% of cases those liq bids would've been profitable after some form of flush recovery but in the 20% of the times they are not, it heavily exposes the lack of marginal buyers in this market left.
I suspect we continue decorrelating from broader risk on markets and start losing key levels for majors soon. Looking at 100k BTC, 3.4k ETH and 160 SOL.
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Ansem (@blknoiz06) on X
two types of large long liquidations in crypto
• liquidations in a bull market that clear out leverage & spot buyers come in to V-reverse everything in a matter of weeks to new highs (jan 11, 2021)
• liquidations that signal buyer exhuastion & end of a…
• liquidations in a bull market that clear out leverage & spot buyers come in to V-reverse everything in a matter of weeks to new highs (jan 11, 2021)
• liquidations that signal buyer exhuastion & end of a…