$Bitcoin (BTC.CC)$ If Bitcoin drops to 60k level, many trade...
If Bitcoin drops to 60k level, many traders will go bankrupt because of high leverage and liquidation of long positions.
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Cat Street Investor : basically feeling like institution wn manipulate it till no trader dare leverage trade it.
Pyro-1 : Then when that happens it will go to $30k
Annoynimous : someone mentioned the leverages all taken out during weekend. The frequency of new leverages are decreasing as well.
Annoynimous Cat Street Investor : something like this, is like this freaking big cane and any high leverage enters the room gets caned till they give up
Cat Street Investor Annoynimous : ya institution wont so stupid buy at top and sell now. They would dump wht they bought on top to trigger SL or liquidate leverag either short or long and buy more at lower. In the end there is no loss for them.