The razorback of the longs has intensified π
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Today bitcoin has stepped up (by 3.5%) and many expected the growth to continue and fly to $32,000, but it didn't happen.
After the bitcoin reached the $31,500 level, the rate corrected and fell by 4% in 5 hours, which caused a mass liquidation of long traders.
In a couple of hours, traders were liquidated for $75 million....
As for longs: All traders I follow with large capitals are still longing, two of them are averaging and keeping their positions. Also one of them took another position. LONG on FTM coin with 14 leverage.
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