Bitcoin Price Crash Explained: How $19B in Liquidations Destroyed the Market

"I will note that the 68.1 the 61.8% which is the golden Fibonacci retracement or golden Fibonacci extension ratio is at about 110K from the retrace from the extension up from the lows in July. Okay. And what else is over there at the um 110K level that is the CME gap and ah yes yes we have still not cleared that gap. Even though we took a massive dump over the weekend the CME was also closed. So the gap still exists over there. Um so we should ideally close it."

"Cointelegraph that seems to um that that seems to be calling for that Bitcoin slump may rebound up to 21% in seven days if history repeats."

"Ben Cowan is bullish is bullish ETH. That's a sign he is. Ben is not someone who throws uh price predictions around um willy-nilly. So that is a very interesting uh angle to take and we'll be keeping a very close eye on that. So we could see a kind of V-shaped recovery like we saw after COVID. I'll remind you then that ETH went from around $90 to $4,800."

"Peter Schiff is uh Oh, no wait. As bad as Bitcoin looks, Ethereum looks even worse. Oh, he's whailing on Ethereum now. While Bitcoin is only down about 10% from its record high price in US dollars, Ether is down 21%. I mean, these are great insights, Peter. Thank you for sharing this. Um, if it breaks support around 3,350, a quick move down to 1500 is a real risk. Get out now."