05-28-2021, 09:36 PM
Brace Yourself
<!-- SC_OFF --><div class="md"><p>~50K BTC is about to be dumped on the market due to liquidations</p> <p>For those not in the know today is the expiration date for $2.2 Billion in options. They usually fluctuate price but due to the recent crash and fear in the market at high levels it's a recipe for disaster </p> <p>Currently we are facing strong selling at $37,000.00 and a base of $36,500.00 </p> <p>A major cross of either can mean a swing to the upside towards $41,500.00 or a bottom of $19,000.00</p> <p>Edit ( Sources): </p> <ol> <li><p><a href="https://news.bitcoin.com/2-1-billion-notional-in-btc-options-set-to-expire-on-friday-bitcoin-contango-has-returned/">https://news.bitcoin.com/2-1-billion-notional-in-btc-options-set-to-expire-on-friday-bitcoin-contango-has-returned/</a></p></li> <li><p><a href="https://www.theblockcrypto.com/data/crypto-markets/futures">https://www.theblockcrypto.com/data/crypto-markets/futures</a></p></li> <li><p><a href="https://datamish.com/btcusd/24h">https://datamish.com/btcusd/24h</a></p></li> <li><p><a href="https://studio.glassnode.com/metrics?a=BTC&m=addresses.ActiveCount">https://studio.glassnode.com/metrics?a=BTC&m=addresses.ActiveCount</a></p></li> <li><p><a href="https://alternative.me/crypto/fear-and-greed-index/">https://alternative.me/crypto/fear-and-greed-index/</a></p></li> </ol> <p>It may crash the price like (65% crash) or is a giant nothing burger </p> <p>Good hunting to those trading today </p> <p>Personally all cashed up apart from my 25% BTC holdings</p> <p>Edit 2: </p> <p>IMPO the price is going to crash but do your own research to find the best plan. I'm holding BTC and will buy back at what I feel is the bottom</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/GodlordHerus"> /u/GodlordHerus </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/nmsuvn/brace_yourself/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/nmsuvn/brace_yourself/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>~50K BTC is about to be dumped on the market due to liquidations</p> <p>For those not in the know today is the expiration date for $2.2 Billion in options. They usually fluctuate price but due to the recent crash and fear in the market at high levels it's a recipe for disaster </p> <p>Currently we are facing strong selling at $37,000.00 and a base of $36,500.00 </p> <p>A major cross of either can mean a swing to the upside towards $41,500.00 or a bottom of $19,000.00</p> <p>Edit ( Sources): </p> <ol> <li><p><a href="https://news.bitcoin.com/2-1-billion-notional-in-btc-options-set-to-expire-on-friday-bitcoin-contango-has-returned/">https://news.bitcoin.com/2-1-billion-notional-in-btc-options-set-to-expire-on-friday-bitcoin-contango-has-returned/</a></p></li> <li><p><a href="https://www.theblockcrypto.com/data/crypto-markets/futures">https://www.theblockcrypto.com/data/crypto-markets/futures</a></p></li> <li><p><a href="https://datamish.com/btcusd/24h">https://datamish.com/btcusd/24h</a></p></li> <li><p><a href="https://studio.glassnode.com/metrics?a=BTC&m=addresses.ActiveCount">https://studio.glassnode.com/metrics?a=BTC&m=addresses.ActiveCount</a></p></li> <li><p><a href="https://alternative.me/crypto/fear-and-greed-index/">https://alternative.me/crypto/fear-and-greed-index/</a></p></li> </ol> <p>It may crash the price like (65% crash) or is a giant nothing burger </p> <p>Good hunting to those trading today </p> <p>Personally all cashed up apart from my 25% BTC holdings</p> <p>Edit 2: </p> <p>IMPO the price is going to crash but do your own research to find the best plan. I'm holding BTC and will buy back at what I feel is the bottom</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/GodlordHerus"> /u/GodlordHerus </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/nmsuvn/brace_yourself/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/nmsuvn/brace_yourself/">[comments]</a></span>Kind Regards R