Post
BenITC
Spent the morning going through liquidations and whale wallets from this week. Here's what I'm seeing 👇
$BTC is down ~11% since Thursday, from ~$80k to ~$67k.
$ETH is down ~15%, to ~$1.9k.
This wasn't one whale dumping. It was leverage getting wiped out:
~$1.2B liquidated on Thursday
~$1.6B liquidated Friday
~$1.2B more overnight almost all of it was longs.
On top of that, spot BTC ETFs bled ~$1.9B in a row, and miners (MARA, Hut 8, Antpool) were sending coins to exchanges
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