@BOMBERuss 7 December 2021 more from that month

According to Bt manager, due to the downturn, positions with leverage in the amount of more than 2.5 billion US dollars were liquidated. When exiting long positions, traders are forced to sell, which means that the liquidation of long positions contributed to the depth of the fall to a considerable extent. According to Coinmarketrate.com, the washout reached from Friday's more than 57 thousand to about 45 thousand dollars, or more than 21%. The wave of sales was met with low liquidity on Huobi, where BTC at one point even dropped below $30k. Then, on some other exchanges, the sale continued to 42 thousand per BTC. In response to the downturn, various groups of traders change their strategies. Traders are starting to talk about a further fall, with hyperbolization, we can talk about the onslaught of new historical videos with an open mouth in miniatures, while hodlers remind newcomers not to panic. One of the most famous bitcoin analyst on Twitter is the analyst PlanB. Plan B is not the creator of the stock-to-flow (S2) model, as it is sometimes erroneously claimed, but he is the main promoter of using this model for Bitcoin. Previously, it was used mainly for gold. The analyst noted that the model has been accurate since March 2019. However, the last time the Bitcoin price followed his forecast was in October of this year, and in November it was supposed to close above $ 98,000, which did not happen.