We got some liquidations on BTC, but still not enough. Net Unrealized Losses suggest there is room for more downside before reaching the extreme levels seen back in February, highlighted by the red square on the NUL indicator. Until we see a similar washout in positioning and sentiment, it may be too early to assume that a more meaningful low is already in place.
Become a premium member
Get daily Elliott Wave updates for US Single Stocks, SP500,DAX, GOLD, SILVER, CRUDE, FX, CRYPTO, etc. or apply for unlimited access to the Elliot Wave educational videos.