Leverage is a wild drug:
Bitcoin is now below $86,000, erasing -$100 billion in market cap in 24 hours.
Levered long liquidations over the last 4 hours are nearing $400 million.
It’s a wild time to be a crypto trader.

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Our orders placed on December 4th and 11th both successfully hit their profit targets.
Currently, we expect a rebound to occur, but going long here carries relatively high risk. Firstly, US stock indices are at high levels and are declining. Secondly, BTC is currently in the price range of val and hasn't reacted immediately, but we'll proceed with our plan first, only acting if it meets the criteria. The high and low points of this range have been marked, but the bears have the upper hand, so we don't want to see a rebound only after the low point of the range is breached. If the low point is breached, it would indicate that the market is extremely weak and might continue to decline. We expect to see support in the orange area...

Shill signals | BTC

Original article | Odaily Odaily(@OdailyChina)
Author｜Golem (@web3_golem)
On the evening of December 15th, Bitcoin experienced another flash crash, plunging from $89,000 to around $85,000, approaching the low of $83,822 on December 1st. Accompanying the plunge, the market's Fear & Greed Index fell to 21 (extreme fear).
"Be greedy when others are fearful"? The temptation to buy the dips or engage in swing trading is immense right now, but it's extremely easy to make a mistake. Monday's flash crash was not an isolated incident. 12...

Is the crash just beginning? Three major "macroeconomic bombs" about to explode for BTC.

Combined with softer than expected October data, this morning's numbers point to at least a modestly weaker jobs market as the economy heads into the end of the year.

U.S. added 64,000 jobs in November, with unemployment rate jumping to four-year high of 4.6%

Leverage always makes the move look smarter than it is… until liquidation hits 🤔