You can see some of the short and long data here and track the liquidations live. [
BTC has finally broken out past it’s $45k sell wall briefly moving past $46k indicating that larger gains over the coming week may be quite likely.
Ethereum climbed up past $3.2k with its next resistance around $3.5k.
The US FED has promised to lower their monthly purchases of stocks and bonds, and is also starting to increase interest rates back from it’s long 0% rate during the pandemic. This should put some downpressure on most stocks now that it isn’t effectively “free” to continue to borrow massive amounts of money.
Obviously there’s still a lot of uncertainty in the global markets with the war in Ukraine, but I don’t see crypto taking any worse of a blow due to fear than regular stock and ETF options.
China is also dealing with their massive housing financial crisis, which isn’t made any better bycurrent events.
With inflation at all time highs (and is NOT transitory, likely to keep increasing) crypto is proving it’s a necessity for storing value outside of fiat currencies.
Moral of the story: wear shorts, donāt short.
Donāt leverage trade people. Sure way to lose your money
Sorry, noob question. How does one short BTC and ETH?
I feel suspicious of this flash rally.
First time on that site. See:
>The largest single liquidation order happened on Bitmex – XBTUSD value $10.00M
FML.
Someone lost 10 mil – PooF
just like that…
Idk how people look at Bitcoin and think āyeah thatās something I want to shortā
Love the smell of liquidations
Oh no! My $100 millionā¦
Hell yeah my DCA luckily was a few hours ago!
I would be hesitant to be hopeful, thereās not a lot of volume and April 1 is around the corner.
This is a good sign obviously, but Iām not so sure itāll hold
All crypto on coinbase took a jump
Edit: Still going up
As you can see, crypto is wild. You feel bearish, suddenly pumping. You feel bullish, dump begin
Shorts getting liquidated is one of the few times where people losing money leads to everyone else becoming happy
I love the smell of liquidation in the morning
Why would a liquidation cause it to pop? Wouldn’t they be forced to sell at market ask? Wouldn’t that mean it continuously goes lower and lower? If the demand was there prior it would have just kept going up naturally.
Edit: never mind, I’m dumb. If shorts were liquidated then they had to buy them back at market value, which explains the pop (they had to buy everything at market value). Just excuse me..
Liquidated Bear Beer šŗ . I think I might be on to something, hereā¦
I like my crypto like I like my tea, liquidated.
What is a short and what does it mean for it to be liquidated?
Despite everything, this rise in the market shows that the most reliable investment is coins
Leverage is rekt
Lmfao suck it
Damn, BTC and ETH both jumped a ton in the past hour.
In a few years that will just be chomp change.
you had me until you said it couldn’t take any worse of a blow. the us economy is in pretty bad shape right now and if it crashes the markets will come down with it
Ngl this is a turn on.
I hate it when my shorts get liquidated
Ya love to see it
A tale as old as time.
I hope you all lost a lot of money!
Noob question. You say ETH next resistance is around 3.5k but how do you or anyone else know that? I see people talking about it in stocks and always been intrigued
Rip
š„š„š„š„
I love the smell of napalm in the morning.
Despite everything, this rise in the market shows that the most reliable investment is coins
Love the smell of bears getting rekt in the morning.
What I find more amusing is how quickly the bears shut up on this sub.
They’ll never learn and instead will just stay poor, perpetually blaming others for their problems.
And this friends, is why we donāt fuck with leverage
And the cycle will repeat itself once again. All the shorts always get raped.
More liquidation than a morning on the toilet after a texmex buffet the night before!
100 million is nothing as compared the the major dip. Just wondering if there will be a long liquidation soon? You know, the whales gonna have their lunch for both sides.
100 whole million dollars!
Welcome to the bull Market… bears can get rekt
Remember when everyone was waiting for 30k BTC in January