The Biggest Crypto Liquidation In History
Image Source: Pixabay
Gianni just spotted something that should have every trader paying attention.
Friday's chaos triggered the biggest crypto liquidation in history. Overleveraged traders got wiped out in a single red candlestick.
Here's why that matters: Massive liquidation events like this typically mark important market bottoms. Not tops.
Everyone's shaken right now. Sentiment is fearful. The VIX spiked hard. Trade war fears rattled markets before getting walked back over the weekend.
Yet Gianni spent all weekend scanning the market and found bullish setups everywhere. He's not talking about one or two names. He's talking about setup after setup across multiple sectors that make it hard to believe this is the start of something more serious.
The action today confirms his read:
- Financials rotating into leadership (Wells Fargo breaking out toward $110)
- Bitcoin took out last week's low but Ethereum futures held theirs (positive divergence)
- Powell confirmed rate cuts are coming
- Market had already de-risked going into Friday (Trinity Trade was over 20% cash, raised to 45% over the weekend)
The technical picture is telling. Markets correct through time instead of price. If tech and growth sectors consolidate here rather than collapse, that sets up an even better finish to the year.
Gianni's watching one thing closely: Technology needs to reassert leadership soon. If semiconductors and AI stocks can't take the baton back from utilities and defensives, that's a problem.
But the setup after Friday's washout? He's calling it a reset button that washed out the weak hands and overleveraged traders. That's exactly what healthy bull markets do before attempting new highs.
Video Length: 00:09:00
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