00:00Bitcoin just lost $8,000 overnight and whales are cashing out.
00:04After hitting an all-time high of $124,000 earlier this week, Bitcoin crashed below $116,000.
00:11Some traders are panicking as whales dump massive amounts onto exchanges.
00:16Over $350 million was liquidated in under 24 hours, $236 million of that from bullish
00:23long traders.
00:24Ethereum slipped down to under $4,400, but while prices fall, open interest is climbing,
00:30which usually means traders are piling into shorts.
00:33Sentiment even dropped on the fear and greed index.
00:36Some analysts say Bitcoin needs to clear $120,000 again to stay bullish, and some still see
00:41Ethereum hitting over $5,000 before any major corrections.
00:46So what do you think?
00:47Are we in a healthy pullback or is this the start of something bigger?
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