📉 BLOODBATH FOR BULLS: $623 MILLION IN BITCOIN LONGS LIQUIDATED 😬 Bitcoin traders are feeling the heat as $623 million in long positions were liquidated, largely due to a significant drop threatening the critical 200-week moving average at $61,700. This level has been a reliable indicator of market bottoms in previous bear cycles, and the current bearish sentiment is prompting traders to recalibrate their strategies 🤑🔥. As volatility surges, many are wondering if this is a temporary setback or the beginning of a deeper correction. 📰 Source: NewsBTC Is this just a blip on the radar, or are we witnessing a more profound shift in market sentiment? Let us know your thoughts. 👇
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