Bitcoin is facing a hidden “supply wall” at $93,000 that creates a ceiling no rally can break right now
Bitcoin surged $3,000 in an hour on Dec. 17, reclaiming $90,000 as $120 million in short positions vaporized, then collapsed to $86,000 as $200 million in longs liquidated, completing a $140 billion market-cap swing in two hours. The movement was driven by leverage, making it seem that leveraged positions are out of control. However, Glassnode’s...
What's Your Reaction?
Like
0
Dislike
0
Love
0
Funny
0
Angry
0
Sad
0
Wow
0
