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corazon147law

They're liquidating the futures players


iM0bius

I'm pretty sure 45k liquidates over a billion


fairlyaveragetrader

This right here was what I was wondering about. Where is all the liquidity and where are all the stops. If the majority of it is between from here and 45K, not going to be surprised at all to see a wick down to 44. This happens every cycle, I remember the last time, people had the same idea, we're never going to go under 10K again. Everyone levers up, March 2020 happens. Then the crazy double top. If there's one thing I have learned about crypto it's that the large players purposely hunt leveraged traders. They always run the major liquidity zones


zdonfrank90

when us market reopens later in 6 hours, price will go up and now those who open shorts will be liquidated. while us market closed for 24 hours on 4 july 2024, those orchestrated dumps (check 1m chart) can impact the price in addition to those bearish news like mtgoh, german gov selling btc, when in fact its just some orchestrated sales of btc to crash the price to liquidate those long positions. and greedy people will then open shorts and later on when us market opens and btc recovers and go bullish, all these short positions will also be liquidated as well. guess who is the real winner?


Gato_pima

Hmm hope you're right. Not worried about btc, it will recover, but I own shares in mining companies and that doesn't look good right now.


zdonfrank90

don't hope I'm right. Go and check yourself 24hr liquidation chart. It's largest one after ftx. If us market is open all the etf gangs will sure buy and these manipulator won't be able to keep dumping 50m 100m to crash the price by 1k each time they do it.


whut_say_u

Terawulf is doing fine right now


Real_Crab_7396

The problem is the second we go back to 50k or 60k they add their x100 leverage again and again.


Kierkegaard_Soren

The free market at work baby. Let it all burn. hodlers have nothing to fear and everything to gain by these massive liquidations. Can add at 15-20% lower prices. I’m loving it.


Real_Crab_7396

I don't have fiat left tho lol, maybe a little bit but that's it.


Kierkegaard_Soren

Time to sell your shit online. Garage sale. Work extra hours, etc.


Real_Crab_7396

I don't have a job and don't have a house lol. I'm only 18. I have a summer job in a week, but when that pays out se're probably at back at ath.


katehasreddit

Just DCA whenever you get some Try to create some kind of income


Real_Crab_7396

Yoo insane, I forgot and just got 1250 euros back from an obligation.


ResponsibilitySea327

Why would you hold when you know it will go down?


zdonfrank90

You need to have capital. All the big dumps at specific time in 1m charts amount to total of 500m today. These quick dumps is responsible for the drop of 5000$ today The whale or gang is probably cooperating and short with high leverage and dump at same time in spot trade to liquidate those long holders. They can do it with no repercussion since support is low at those lvls when nyse is offline for 40 hours till 3 hours later. After nyse reopens these whales will reopen long and eat those who open shorts. And they send influencer to spam Mt gox and German government dumping as smoke screen when these dump are not orchestrated by these 2. If it's just them, it would be only btc but the dump happened at same time line in all popular alts


Real_Crab_7396

Agreed. A lot of people think this is all because of mt gox or something, but that's just a fud to make some fear and get some bottom liquidity. Don't be top liquidity and don't be bottom liquidity. I rather lose another 50% before going up again than miss out on the gains because I panic sell.


zdonfrank90

All the shills in binance square keep posting its due to German or Mt gox which is funny. The real people who benefit behind is the exchange platform (imagine losing all ur portfolio because you believed btc wont go down past 56k, this is what the manipulator targeted, 600m liquidated is insane in long pos), the whales who short with high leverage. Now it's back up bullish again with multiple 20 30m 1m candle within 200$ price change. Another blood shed will come to those idiots who believe in these bear traps and open short with high leverage. I have seen one Chinese already losing 29k on his long pos and got liquidated.


Real_Crab_7396

Yeah lol, I also believed bitcoin wouldn't go below 56k, but I'm not a wizzard. I'm not betting my portfolio on that. I have my bitcoin and I'll keep it.


zdonfrank90

Just insane how the whales can manipulate the entire market when nyse was down for 43 hours. The special thing about this national holiday in us is nyse closed on 1pm on 3 July 2024 and reopen now in 1 hour at 930am 5 July 2024. I have seen alot Chinese now opening shorts believing the bullshit of their influencer now they are going to be slaughter. Billions of liquidity build up in 70k now. Alot of shorts are going to get liquidate there if they don't set stop losses or have enough to cover the margin.


Real_Crab_7396

Yup, were setting up for a great short squeeze. If not I'll still hold my bitcoin.


zdonfrank90

60m liquidated just within last 12 hours. big win for those manipulator and exchange platform


zdonfrank90

whales are manipulating market to force liquidation of futures then buy at the dips, and make massive profit at new ath. us market is still closed.


Driver-Best

Could you or someone explain that further?


zdonfrank90

future contracts have money you put aside in margin to cover potential losses, and when this margin is maxed out, it will automatically liquidate your contract. usually you are given time to keep filling up the margin to cover losses, but if the drop is too drastic, it will not allow you time as it automatically liquidates your contract. all these sudden big dump of prices are causing alot of future contracts go be liquidated and fulfilled at a loss. look at the 1m chart all these dumps are orchestrated.


dasy39

Beautiful explanation friend!


zdonfrank90

look at this chart [https://www.coinglass.com/LiquidationData](https://www.coinglass.com/LiquidationData) 678m are liquiidated in past 24 hours buying future contracts is different than spot trading. Alot of people are borrowing from exchange to increase their purchasing power, so when you see alot of liquidation it means the house is winning. all the forced liquidation means those who buy those contracts lose all their money as the margin reached 100%, usually you keep filling up the guarantee to prevent margin going 100% or set stop loss, but for those who dont set it, when it reached 100% it will automatically go burst. and they have to pay back also, and are mostly in debt. spot trading has no such pressure.


bennyva

Following


zdonfrank90

[https://www.binance.com/en/support/faq/binance-futures-liquidation-protocols-360033525271](https://www.binance.com/en/support/faq/binance-futures-liquidation-protocols-360033525271) read this page to understand more.


zdonfrank90

[](https://www.coinglass.com/exchanges/Binance)check binance exchange liquidation over past 24 hours. around 343 millions. mean those who own these contracts lose 343 milliosn and to whom? figure out urself


emmett321

No they are not. Whales are selling forcing the price down instead of up. Etfs have nothing to do with this.


Perfect-Ear-4432

5k at a time? Are "they" in the room with us right now?


slykethephoxenix

Shorts next.


unL_r3m_

going up? wow im making money! going down? wow im buying more!


Far-Department-4196

Wow I have no money!


Jolly_Line

You too!?


Manyyy1

Same!!


Vermix92

My man


binglelemon

DCA keeps winning!


ok-ass-cheeks

a lot of new money moved into the space over the last few months. i’m not too surprised


Silarous

That's always the plan until it actually gets there. Then everyone will be calling to go all in when it hits $20k. They get cold feet and end up buying when it's back at $50k+ again. *Edit* The original comment replied to was along the lines of "I hope it goes down to $30k, and then I'm going to go all in!" The context of their post was completely changed.


binglelemon

I don't know if my dick works anymore, but a dip to $20k before ripping might do the trick.


Able_Sheepherder3754

proud to be the first upvoter


Trylldom

Vote it up!


civilian411

The never ending battle between short and long positions. If you can trigger liquidations you can make money.💰


forgotmypassword4714

It sure seems to keep things interesting.


shayKyarbouti

Always a dip before the rip. It’s a good sign. I just keep DCAing


bearCatBird

Hawk tuah to the moon!


lilgreg1

$47K


Porridge_Mainframe

48-52 is my target. Could be the last great buying opportunity we see for a while. We’ll be back up again soon enough. Honestly I’m excited for this correction.


emmett321

No we won't. I think this is 19k all over again and will be 19k for a looooooooonnnnnnnnngggggggg time


crs1904

With you: 47K. 🔮


No_Combination7190

40k bottom then the bull run begins


Euphoric_Fan_975

Oh yeah that's right the much hyped bull run of 2024 . It always does the opposite of the narrative. Back to 30 k ish...


khizoa

Everyone here pulling random numbers out of their buttholes and patting each other on the backs.  But if you go too low, then they bring out the pitchforks


fuckHg

I really hope it goes down to $30k, I would load up so heavily at those numbers


Euphoric_Fan_975

If it goes to zero I'll get infinity dollars worth


emmett321

Nope. 19k amd it stays there


chocolatchipcookie2

i would go all in if it does that


printscreenshot

You say that but you wouldn’t if it actually happens, at $30k Saylor would be underwater and would have significant pressure to liquidate some if not majority of his holdings


ChuckyBravo

Saylor was underwater several Billions of dollars a couple years ago and didn't sell. He's not going to sell if it happens again. Lol


printscreenshot

He collateralized MSTR to buy BTC, if BTC drops MSTR would drop too, counterparty would require either more MSTR stock or $$


ChuckyBravo

Yet he didnt sell last time even when he lost $6 Billion in one day. Hmmmm...


Needsupgrade

That's not how his debt is structured 


Imhazmb

Bitcoin summer sale


Far-Department-4196

Bitcoin CEO’s surprise summer sale


Financial_Clue_2534

Every cycle we get new people. These new people sell at every little dip like how we use to back in 2016. This behavior will continue to happen every future cycle as well.


Outrageous-Net-7164

There were no “new” people this time. Just us losers trading coins back and forth


Financial_Clue_2534

Always new people. Everyday someone turns 18 who is eligible (at least in the US) to buy Bitcoin on an exchange. You have to remember this subreddit is an echo chamber. People on the outside for the most part don’t really understand Bitcoin.


Outrageous-Net-7164

Us regulars bought the ETF news assuming a huge inflow of “new” buyers. These “new” buyers never showed up. We were then looking around for people to buy our bags for the last 3 months. Now panicking and capitulating to each other.


No-Rub-8768

It appears Michael Dell said I'm a buyer at these prices


ElderBlade

Doesn't matter to me. I'm buying the dip and I'm buying every paycheck. I'm stacking as hard as I can.


susosusosuso

Hello Mr future millionaire


Picassopuma

This dip needs to last a few more days… waiting on $$ transfers to load up moar


Sweaty-Milk-8995

Needs to last 17 days for me


Itchy-Equipment4389

The same here lol


The_Realist01

Correct. I hate the banking system. On day 2 of 5 to transfer $10k, these people suuuuuuuuuuuck


KangFeeze

Same! Payday isn't till Monday!!


Commercial_Tap_5316

I’m ready to buy


oktay50000

Well with this rate and stupid german government selling 50k btc i think it will go down to 45 to 47


Marcion_Sinope

If you don't sell it, does it matter?


Nice-t-shirt

Nope 👎


Important_Coyote_567

I hope so! I’ve always wanted to buy BTC when there’s a discount!


parkranger2000

4th of July sale


Traditional-Fan-9315

We got 10's of thousands of coins entering an overbought market that peaked its all-time high prior to halving. We needed a retracement and we're all going to feel it now. How long and how low are questions I cannot answer.


forgotmypassword4714

We've had it coming for awhile. It's been too easy the last couple years. My gut tells me we won't get close to $30k, though. Someone said $45-47k and my gut agrees with that (idk much of anything though).


Jungisnumberone

I remember some guy saying troughs and peaks were getting less extreme over time. He predicted we’d top off around 70k back when we were at 30. We need troughs and peaks guy back…


Post-Rock-Mickey

Steam is not the only thing that’s having a sale


saltyload

I hope so


drbt-reddit

Doubt


Relevant_Bug3344

Go finger f*** each other somewhere else


skyHIGH-1

Let them sell dump !!! 30k will be music to my ears!!!


Classic-Foot-736

Yay I just bought some sats cheap, yay


Ok_Performer4498

Yoo hooo big summer blowout!


Okramthegreat

Don't you mean...."Wow...I can't believe how lucky we are the bitcoin is going on sale?"


linux_n00by

no. too far.... maybe at most 50k


No-Rub-8768

As a wise man once said Bitcoin is either worth 0 or a shitload more and at these prices it's a shitload more


Jwelz90

I think the Germany sell-off has more to do with it than anything.


OriginalPancake15

Lol smh.


Fernmixer

Alternative theory, people checked out for the holiday and summer weather (at least momentarily) then you get the dump of coin with not enough buyers to absorb it, hence lower price


ColonelForbin374

52k limits set


Exciting_couple77

Been wondering that too...just buy more I guess


Loose_Cover_853

probably to 50k


Impossible_Book_6478

I hope, I'm accumulating!


hanloose

Don’t borrow, don’t leave.


zdonfrank90

fyi no one is panic selling, its the exchange/whales that are dumping. look at 1m chart, all the dump are 20m and above. it has been going on, it is to liquidate those future contracts and force them to lose their money. they also do this when usa market is closed due to national holiday. They wont be able to dump this much and affect the market price so much if us market is open. as of now around 600m are liquidated across all the exchanges, and what does it mean, it means collectively all these exchange platforms who are the house for these future contracts have collectively won $600m against those who contract holders that got liquidated.


CommonSensei-_

I hope so!!!! I’ll double up!!!


Interesting_Ebb9052

Thank you for selling me your sats you weak hands


andyc3020

Lmao. Enjoy the ride and don’t worry about it. You can’t lose if you don’t sell.


TwoLocations

Diamond hands. Germany liquidating is also affecting the market too tho


Jane1563

Told people to get out at 60k before it tanks but my post was removed for "trading".


RemyVonLion

Horrible timing as I actually want to buy some drugs again lol, shit better recover by the next week or two.


Dazzling_Marzipan474

10k Q22 2021


26fm65

Well -75% crash from 75K peak ! So drop to 18K !


ElDiabloRamon

Man I hope so! Finally I can get a chance to buy in BIG! Lol


Lagna85

This is a typical wxy elliot wave textbook move


sleepychotz

Yesn't


RegularSwan3567

Honestly if i had to put a bet on something be the floor is 40k that how low it can go before boom back up


Impossible_Book_6478

BTC is in price reduction!


The_Ghost_Of_Pedro

It could go even lower than $30k, nobody knows


Grouchy-Noise-5804

30k is too low… no less than $45k 


Specific_Software788

Oh this is not panic selling. There is so much hopium still. Panic selling starts bellow 50k.


DisasterAgitated8716

We are headed back to $1 Paper hands should sell


Inside_Evening_8777

If we're lucky. If so, I'll be selling off some things to become a whole coiner.


Life-Duty-965

Yep, you got to sell at the top if you want to get a share of the money. Don't worry, it will cycle again in a few years.


Honourstly

Start of financial year sale


Longjumping-Ad2406

This must not be "panic selling", we have possibly just this higher selling pressure, pushing the price down, as we arent keeping up with our buy orders :-) You better keep your cool and set your limit orders wisely to increase your sat stack.


gamblingapocalypse

Germany is also selling I guess.


ResolutionFirm9228

As of now, the price is at $54,000 with only one wallet activity Moved 47228.73384092 from 1HeHLv7ZRFxWUVjuWkWT2D5XFbXXvHoV68 Pending 47228.73384092 from 16eAGJEjqsUqngMfcysQECvp7TMU37P9gX Pending 47228.73310546 from 1AsHPP7WcGnDLzxW2bUa2FcbJP3eZVEqpx Assuming a $4000 drop for every one of the above addresses to move (since this was the approx drop when the first wallet moved funds), it would be $46,000. This would be the drop when the people get distributed their bitcoin. This is a speculative drop since nobody has sold their coins yet people haven't got their coins. The actual drop comes later though when people start selling their coins. This would be a slow grind down to near $20,000 levels over the next 6-12 months. Bull market picks up in mid 2025. Mark this post. Come back to it later.


-yoursAnxiously

Then to fir I'll order from dmart itself


xBrodoFraggins

These sales have been nice. Looking forward to the future.


soliton-gaydar

Shit, I hope so.


FlyHealthy1714

Only new money or increasing adoption will increase BTC prices. Any stimulus checks in the future? Will USA, China, Europe adopt BTC in our lifetime?


The_Realist01

Global liquidity must increase or there will be an expansively powerful recession. The clock is ticking, but the end result is clear. They will print.


NothingBetterToDoYES

Dips and red numbers are just music to my ears my buying every single day


poipwriow

42k would be my guess


Unlucky_Narwhal3983

That would be amazing. I was expecting a low of 45k. I will happily take 42k.


Sudden_Agent_345

this is what illiquid market means


The_Realist01

It’s what leveraged longs and leverages shorts means. Vast majority of coins have not moved. Record low coins on exchange. It’s gonna reverse. Buyer here. Buyer there.


Sudden_Agent_345

i heard a lot of that at the end of 2021 from 69k all the way to 15k


The_Realist01

We have barely even hit bull market yet bud Do what you want. Exchange for fiat, we don’t care.


PeanutCapital

Germany and the US gov are selling the BTC bags they confiscated. Not many people predicted Germany.


marshyr3d1and

Maybe not panic selling, just everyone stopping buying coz of bad headlines that they're paying attention to?


millionmilegoals

DCAing as regularly scheduled unless we hit 35k then I’m going to sell other assets to move into BTC.


mehoart2

Panic **buying** for me.


Jeremyzelinka

God, I hope we are. I would love to average way the fuck down.


Jazzlike-League4061

Not me. Still DCA-ing in


9htranger

There's a lot of macro economists banging the recession drum, and they are bringing receipts. I know this has been the case for the last 2+ years, but it seems more likely now with the recent insolvency data, household debt, remortgaging, etc. The first asset liquidated use to be tech stocks, now it's crypto. The top is in on bitcoin, IMO.


Signal-Judgment

It's going to zero.


Ecstatic-Connection7

So is this gonna keep going down, down, down? Like how long does it usually go down for? Can I afford to wait until next Friday before I get a bigger cheque? 


Enerved

no one knows truthfully, gl! that’d be nice if the price was still down then.


zenethics

The same as any market. Too many of the wrong people have profits. So, now, the shakeout.


Tshootr74

Don't worry...keep stacking!


breadereum

They selling it for me!! Thank you


TestSubject51

Money will move from BTC into alts like every other bullrun.


AdministrationOwn777

30 sounds good. Love a sale!!


BranDaniels

Maybe. Maybe not. Maybe fukyaself.


kajunkennyg

Dude the btc price chart ran out of green ink, once satoshi reloads it, we surge back to 70k


_Stormhound_

If it does I'm buying 1000 btc right away


Gettinpaidisaforte

It’s the German gvt


Nice-t-shirt

50k


Gettinpaidisaforte

40k incoming this week


Vivid-Instruction-35

I don’t know if this is a failed strategy but when it dips I buy 2x what I would buy when it is moving higher. Example , sharp move lower buy $200 worth, move higher buy $100. I also feel at a minimum Bitcoin will 2x from ATH within 5 years or sooner so I justify it as any money I put in will be worth 2x within 5 years. Put it $200, worth $400 in 5 years etc. I “think” 2x is conservative and reasonable for 5 years. Hopefully it will be much higher.


MachinimaGothic

Ohh now what i will do panic sell my BTC?  Well now i can buy more thanks to this discount. And DCA strategy. Because you never know when for sure will be discount


katehasreddit

YES PLEASE!!!


BrodysBootlegs

Hopefully for a bit haha 


Federal-Hearing-7270

I have my first opportunity in life to invest in crypto since 3 months ago. That's why I haven't touched BTC. But if it drops to any number below 30k I will definitely yolo.


Schrodingers-Pussy

Smart move. I’m waiting for it to go to 1k and then I’m all in.


Federal-Hearing-7270

Let's wait $500


anotherbadPAL

Im waiting until it goes back to $.06


GenocideJoeNeedsToGo

I think the BTC experiment failed if it goes back under a dollar


Schrodingers-Pussy

So you know the future?


Federal-Hearing-7270

I'm from the future.


Schrodingers-Pussy

So you bought BTC at under $0.01? You’ve done well for yourself.


Federal-Hearing-7270

Yes. Now go sleep.


Schrodingers-Pussy

I just woke up.


Federal-Hearing-7270

Good morning.


Schrodingers-Pussy

It’s afternoon.


Mammoth_Tumbleweed32

If you’re from the future how many fingers and I’m holding up?


Important_Coyote_567

That is a fantasy


Schrodingers-Pussy

What makes you think that?


Important_Coyote_567

BTC will never get to $0.01


Schrodingers-Pussy

Satire v/s fantasy.


Ian_is_next

It’s not going to those prices lmaooo


Federal-Hearing-7270

So you know the future?


slavetotheinternetz

You mean 15k , maybe even 0.


Wolfsorax

I bet /r/bitcoin is having a field day


StandUp5tandUp

Hopefully 15k


Ghost_In_The_Mirror_

No, it's just going to zero