If you thought yesterday’s Litepaper highlighting the $713 in liquidations was bad, well, it got worse. 😱
$804.30 million in longs and $259.04 in shorts for a whopping $1.06 billion in liquidations affecting nearly 300,000 traders.
Again, sometimes leverage is a double-edged sword, and other times it’s like Bill, who walks up to a guillotine, puts his head in the headrest, then shouts to his buddy Frank, “Hey, watch this!” before pulling the string. 🔪
Well, like I said, this isn’t a fun Litepaper. Instead of finding wen-Moon or wen-Lambo, we will be looking for wen-bottom. 💔
I’ll keep it short and sweet, quickly identifying where analysts and traders see strong support levels ahead.
BlackRock’s spot $BTC ETF, IBIT, just casually gained a cool $788 million in a single day. 🪨
While the rest of us debated whether to splurge on $SHIB or $FLOKI, $IBIT was busy breaking records. With a casual $12.2 trillion in its war chest, the world’s heavyweight asset manager, BlackRock, has decided Bitcoin is the new black.
I’ll keep the details short and simple here because time is running out, and if I’m not done on time for pizza night with the kids, my wife will be very mad. 🍕
I almost wrote she’d kill me, but if I did that, there’d probably be a SWAT team and an army of social workers making sure I’m ok.