2.5 Morning Market Overview: BTC short positions profited 3300 points #小非农数据不及预期 $BTC
This morning, BTC closed with a large bearish candle with upper and lower shadows, breaking below 70K might just be a matter of today or tomorrow.
Yesterday, the major BTC player broke down to 7.6 and profited 3300 points before exiting; the world's largest BTC holding company, MicroStrategy, has an unrealized loss of up to 1.464 billion, with an average price around 7.6 and holdings of 713,000 BTC; perhaps the next big crisis will be MicroStrategy...
BTC is in a descending wedge with a bullish flag pattern, with both highs and lows decreasing, and there is truly no sign of a rebound, MACD is below the zero axis; in the current market, it's best to wait for the market to show its hand; trading is about building mindset and patience, not about frequently opening positions just for the sake of it.
In the whole network, 147,000 people were liquidated in 24 hours, with a liquidation amount of 651 million, long positions 519 million and short positions 132 million; BTC spot ETF saw a net outflow of 2260 BTC yesterday, with two consecutive days of net outflow, mainly driven by Fidelity.
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