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Welcome back to the Daily Coinsauce Newsletter! Let’s dive into today’s updates—there’s a lot to unpack!
💧Top headlines from the last 24 hours:
• David Sacks Named As White House lead for AI & Crypto.
• Over $1 Billion Liquidated In 24 Hours.
📕Educational :
• BTC Price Action Around Major Psychological Prices.
Lets dive in.
📅 Today
David Sacks Named As White House Lead For AI & Crypto!
Donald Trump has appointed David Sacks, a prominent Silicon Valley entrepreneur and member of the "PayPal Mafia," as the White House's AI and Cryptocurrency Czar.
Known for his transformative work at PayPal and Yammer, Sacks brings a wealth of experience in disruptive technologies to this new role.
Sacks will also advocate for free speech and challenge Big Tech's perceived censorship.
The tech industry has broadly welcomed this move, seeing it as a step towards innovation-friendly policies.
Liquidation Games Begin!
Over $1.1 billion has been liquidated in the past 24 hours, marking one of the largest crypto liquidation events in history.
211,642 traders were liquidated in a span of a few hours as BTC fell from $103,000 all the way down to $90,000 in a matter of a few hours.
$400m long liquidations in a 1h candle is supposedly the largest one-side liquidation event in recent history.
Such liquidations will be quite common in the coming few months, with the sole purpose of liquidating high leverage longs (5x to 100x).
One of the best ways to play this is to always keep limit orders~25-30% below current market prices whenever the market seems euphoric.
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🌎 Other News
📕 Educational
What's next for Bitcoin?
The image above shows BTC’s price action when it broke $1,000, $10,000 and $100,000 respectively.
A common pattern of major liquidation events marked by high volatility across major psychological numbers like these can be clearly seen.
On closer analysis, it can be seen that once BTC gets another daily close above these levels after the correction has happened, it usually results in a big upside continuation.
This means that if the similar pattern was to repeat, then a daily close above $100,000 could lead to upside till at least $110,000-$120,000.
📊 Stat of the day
🤣 Meme of the day
That concludes our update for today!
We appreciate you joining us for the latest news. We aim to provide the best-in-class insights and highlights that keep you well-informed and ready.
Remember to join us on Telegram and Twitter for additional updates and giveaways. Until then, see you next time!
Disclaimer: None of the content shared in the newsletter is financial advice. Always do your own research and analysis before investing.
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