Bitcoin (CRYPTO: BTC) analyst Ali Martinez has recently shared insights on the current state of the cryptocurrency market, suggesting that the recent price action could continue.
What Happened: Martinez, who is known for his analysis of on-chain and technical indicators, took to X to share his observations. Despite the recent market turbulence, Martinez pointed out that only $280.9 million in longs and $25.4 million in shorts have been liquidated.
He noted that previous mass liquidation events have seen over $1 billion wiped out. “This tells us either the $BTC dip is not over yet or shorts are about to get obliterated,” Martinez wrote.
Full story available on Benzinga.com
Bitcoin (CRYPTO: BTC) analyst Ali Martinez has recently shared insights on the current state of the cryptocurrency market, suggesting that the recent price action could continue.
What Happened: Martinez, who is known for his analysis of on-chain and technical indicators, took to X to share his observations. Despite the recent market turbulence, Martinez pointed out that only $280.9 million in longs and $25.4 million in shorts have been liquidated.
He noted that previous mass liquidation events have seen over $1 billion wiped out. “This tells us either the $BTC dip is not over yet or shorts are about to get obliterated,” Martinez wrote.
Full story available on Benzinga.com
Bitcoin (CRYPTO: BTC) analyst Ali Martinez has recently shared insights on the current state of the cryptocurrency market, suggesting that the recent price action could continue.
What Happened: Martinez, who is known for his analysis of on-chain and technical indicators, took to X to share his observations. Despite the recent market turbulence, Martinez pointed out that only $280.9 million in longs and $25.4 million in shorts have been liquidated.
He noted that previous mass liquidation events have seen over $1 billion wiped out. “This tells us either the $BTC dip is not over yet or shorts are about to get obliterated,” Martinez wrote.
#Bitcoin price action has been brutal, but only $280.9 million in longs have been liquidated and $25.4 in shorts. In the …Full story available on Benzinga.com Read More$BTC, $ETH, Ali Martinez, AMZN, Bitcoin, BTC, BTC, Cryptocurrency, CVS, DG, DLTR, Kaustubh Bagalkote, WBA, Global, Markets, BTC, US2036121067, AMZN, US0231351067, DLTR, US2567461080, CVS, US1266501006, DG, US2566771059, WBA, $ETH, $BTC, Cryptocurrency, Global, Markets, Benzinga Markets
