A post by @KobeissiLetter on X.
Crypto is having an absolutely brutal weekend.
@KobeissiLetter on X
Not investment advice. Muhabbit scores how much a story may matter, not which way to trade.
Bitcoin fell $5,000 on the day and $11,000 over three days, one of its sharpest drawdowns in months, according to The Kobeissi Letter. Crypto liquidations surpassed $2 billion in 24 hours as selling pressure accelerated. The scale of forced deleveraging signals broad stress across leveraged positions rather than an isolated move. Traders will watch whether liquidation volumes keep climbing and whether bitcoin stabilizes after the weekend.
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Bitcoin (BTC), The Kobeissi Letter
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