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Bitcoin, Ether Fall as Market Continues To Digest Silvergate

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$BTC's long liquidations surge to the highest amount since August, according to glassnode. 'There's a compelling case that a bottom is in for the crypto market, but that doesn't mean it's smooth sailing ahead,' MWellerFX says. Watch more:

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glassnode MWellerFX I was not trading BTC in the futures market which saved me from liquidation, I'm currently on BTC5X short in the Leveraged ETF market on MEXC where I won't be liquidated.

glassnode MWellerFX stop putting videos on tweets that open a new window. will Close a different window immediately

glassnode MWellerFX To whom it may concern were still far from the bottom for the moment. More dump incoming before the next bull run

glassnode MWellerFX According to Coinglass, last nights long liquidation was almost identical (if a touch smaller) than Feb 8th, when Bitcoin last dropped $1000 to just under 22K. Its likely BOTH were orchestrated 'momentum ignition' style trades designed to trigger liquidations, but one would need…

glassnode MWellerFX

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Bitcoin, Ether Drop Over 5% in Massive Sell-Off as Market Continues to Digest SilvergateNEW: Bitcoin and ether each fell over 5% during early trading hours in Asia after holding relatively steady the previous 24 hours. thesamreynolds reports thesamreynolds Choyna was supposed to save us guess we r fucked thesamreynolds If y’all don’t recall, Asia did the exact same thing to us a few weeks ago before it supported off of the 200 day Ema and retested it’s high of last year at the 200 week ma. Legendary bounce/break out incoming. Asia is on it 🙌 thesamreynolds Rebound is coming ETH look to bottom around the 1400 area
Source: CoinDesk - 🏆 291. / 63 Read more »