“Buy not on optimism, but on arithmetic.” - Benjamin Graham
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BTC fell from its peak of $38.5K to $37K in the last 24 hours. BTC saw $22 million in liquidations, with long holdings accounting for around $15.6 million. With the ongoing war between buyers and sellers, BTC had a rush in buying activity after falling to a low of roughly $36.5K, allowing it to recover.
This seesaw movement shows the market's continual struggle for dominance, with varying sentiments among traders. However, we remain in the bullish sentiment for the ongoing weeks as the regime shift suggests.
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