🔥🚨Why is crypto #crashing today? Here's exactly why:
Crypto's downturn is being blamed on just about every possible thing, ranging from Iran to the Fed.
However, the answer to this question is actually quite simple when you look at the flow data.
Why is Bitcoin below $79,000? It's entirely a liquidity situation.
As outlined in this chart, there have been 3 well-defined liquidation waves, totaling ~$1.3 billion over the last 12 hours.
In a market where liquidity has been choppy at best, sustained levels of extreme leverage are resulting in "air pockets" in price.
Couple this with herd-like sentiment, constantly shifting from extreme bullishness to extreme bearishness, and the swings become even more aggressive.
It's a great time to capitalize polarity in emotion and price.
BTC
77,891.93
0.00%