So $300 million in BTC longs just got wiped out. Brutal, but that’s leverage for you.
Now that the flush is done, we get to see where things really stand. The market just had all that forced selling liquidity swept, funding reset so what happens next mostly comes down to one level: $62K.
If that holds, we could get a relief bounce and see $70K again pretty quickly.
If it breaks? Then $60K starts looking like the obvious target.
There’s not much conviction either way right now no big volume, no clear momentum. That means whatever move comes next will probably tell us a lot more than the last one did.
So the real question is simple:
Do we hit $70K first, or $60K?
Give it 48 hours. The chart will let us know.
Not financial advice. Just reading what’s in front of us.
BTC
67,520.87
+1.05%