Market X-Ray: Valentine's Day crypto massacre ends in a V-shaped reversal
alphaalarm.substack.com
Hi Frens — Cole here. It has been a pretty wild past 24-hours, with the market facing a massive liquidation cascade yesterday that came about as Bitcoin and many top altcoins all faced capitulatory selloffs. Honestly, this movement was a long-time in the making and has only made the market healthier. We’ve reached a point where all you need to do to make money is avoid being liquidated, but unfortunately, data shows that many traders are still relying on heavy leverage to try to magnify their profits. This has led to increased volatility in both directions.
Market X-Ray: Valentine's Day crypto massacre ends in a V-shaped reversal
Market X-Ray: Valentine's Day crypto massacre…
Market X-Ray: Valentine's Day crypto massacre ends in a V-shaped reversal
Hi Frens — Cole here. It has been a pretty wild past 24-hours, with the market facing a massive liquidation cascade yesterday that came about as Bitcoin and many top altcoins all faced capitulatory selloffs. Honestly, this movement was a long-time in the making and has only made the market healthier. We’ve reached a point where all you need to do to make money is avoid being liquidated, but unfortunately, data shows that many traders are still relying on heavy leverage to try to magnify their profits. This has led to increased volatility in both directions.