The Bitcoin heat map shows that although the price crashed down to below $66,000, bulls are still super leveraged long at this point with huge liquidation clusters now at just above $65,700. Why do bulls keep falling for this trap where EVERYONE knows the price always is driven off the hunt for liquidity, and those putting a ton of money leveraged long are going to get totally obliterated?
There is literally like absolutely no leveraged shorts. It's all just leveraged longs right now.
Why are bulls this stupid?
https://i.redd.it/6gthkqn1ctrg1.png
Posted by f00dl3
4 Comments
It’s inherent in being a perma bull in BTC.
Gambling is a sickness.
Because THIS time is different!
Because price isn’t “hunting liquidity”, and it often works. A trade that goes against them will not, in most cases, be their whole stash. They’ll make it all back next time.