According to Coinglass statistics, over $120 million in long positions were liquidated across the network in the past hour, $130 million in long positions in the past four hours, $180 million in long positions in the past 12 hours, and $300 million in long positions in the past 24 hours…over 156,975 people were liquidated. Skillful traders, they're dumping the market again. Clearing out those who are blindly chasing the rally with full positions. Bitcoin rebounded to 116,700 before retracing, while Ethereum rose to 4,668 before retracing. Those who chased the rally too aggressively have been wiped out again! Bitcoin offers intraday highs at 116,500 and 117,000. If you have time to buy, reduce your positions if it drops to 115,500 and then monitor support at 114,000. If it breaks, look for 112,500. #FederalReserveRateCutExpectationsRising