Good evening to all my friends. I hope you all are doing well. I am having a good day. Last two i was not feeling well after long holidays. I enjoyed a lot this Eid. We went sundar dam where we enjoyed a lot and did lot of funny things. Btw let's talk about crypto market. It's been a while since i gave you market update. Bitcoin crashed below 60k and now trading above 61k. It's like a gift for newbies but now need lot of guts to buy because market is like dead and bull market is over but no not like this bull market ends. As i said few weeks ago that final dump is due and we will get this before halving and here it is. There were so many positive news when Bitcoin was trading above 73k and everyone was like oh we are going to 100k but no, market doesn't work like that. Bitcoin CME gap filled now which is good sign and there's strong support at 60k.
Bitcoin dominance is going up and that's why altcoins dumping hard. Bitcoin is down only 20% from it's all time high while altcoins are down like 50/60%. Leverage traders lost so much money by trading future. In the past 24 hours 63,562 traders were liquidated. The total liquidations comes in at $175.28 million and The largest single liquidation order happened on OKX - ETH-USD-SWAP value $5.40M. That's why i always stay away from leverage trading.
Btw this is the best time to accumulate your favourite altcoins. Focus on AI, GAMING, RWA & LAYER 2 coins because all of these narratives are going to moon. Why i am saying this because Bitcoin mining price will be $40k to $60k after halving and halving is just 1 week away. That's why i think Bitcoin price will be above 60k. Also there are so many good news will be coming in next few weeks. So it's good to buy these dips if you have funds and if you don't have funds then please stay away from the market and hold your bags. That's it for today. Here's the latest update video of crytpo market. Thanks & have a good day!!
