Bitcoin crash sparks largest liquidation in history -$19B gone and counting

[fillippone]

Sooner or later we will see that $114k and hold and support that line. Maybe right now the sentiments is still negative that's why when the prices pushes to that level, a collapse follow as everyone is likely wanting to make money and recover from what they've lost in the largest liquidations.

And if you look at the historical logs, -4%, that numbers is still small and I think we can recover it back in just short amount of time. Maybe before the end of the time, October will remain as one of the best month and ended up in green and net positive again.

There is some big short position opened recently in hyperliquid, it sparks some doubt in me but I guess since gold is tanking anyway, maybe there will be influx of capital where people rotate from gold to bitcoin and I can see that happening.

As long as there's no news about tariff or whatever it is that could put bitcoin's recovery to a halt market will be green, otherwise we might see second wave of similar dump which hopefully won't happen.

The situation is still quite tense, and various technical indicators still point toward the left (down) direction.
BTC/GOLD ratio has touched the minimum recent level; for this reason, the selloff in Gold sparked a tiny market reaction.
We will see. As we pointed out before in this thread, the dump sparked a deleveraging of positions. The market is less liquid nowadays, but there are fewer leveraging and cascading effects.

[slaman29]

I used to really worry about this forum leading newbies to start trading. I still try to protect it and do my part in not tricking more new people intro trading but as I grow older I realize the real problem is education and the psychology to ask questions and verify.

So if people do not have that psychology, then no matter what, they will always fall to something. Be it tweets, or forum posts, or even ads. Heck even chatgpt.

You want quick money better be prepared to lose money quick.

Don't get worried on them since somehow they have due diligence to research those information they are receiving. If they fail to understand that there are some action done to manipulate them then result might come up bad especially if they keep listening then get panic with those temporary decline.

Their authority biases will give them bad result. If they understand that Bitcoin potential is more bigger than those manipulation done by by those politician for sure they will never get panic on the short dumps happen. But rather think about that those decline are perfect opportunity to buy and to earn once price recovers.

I have my own bad experiences... I am still paying for it today, and for the next maybe 5 years minimum, 10 years more. But it was much better than before I found BTC, I was gonna owe money for 50 years even after retirement, but that's another story

The point is, trading almost ruined me beyond repair. Half because I guess I chased losses like a gambler, half because I commited so much time to it I lost everything else that got ignored.

So I still feel as a human being that I need to stop others from going there but you are right of cause. Everyone has enough intelligence to do their own due diligence...

But at the same time, innocent people, especially young people, not being 'experienced' enough to understand that what they see being posted online even here on this forum is not real, is not even a real person sometimes just shitposters. But like I said now, I don't worry SOO much about it because you can't change people's psychology...