$BTC The $300M longs wipeout isn’t just noise — it’s a clear signal about positioning.
⚠️ What just happened
Around $300M in long positions got liquidated in hours �
CoinDesk +1
That’s ~6:1 longs vs shorts getting wiped → market was overcrowded on the bullish side �
Trading News
Price dropped toward $66K zone after losing key support �
FX Leaders
👉 This is classic liquidation cascade: Over-leveraged longs → price dips → forced selling → more dips.
📊 So… $60K or $70K first?
🟥 Bearish case (more likely short-term)
Structure already broke below key support (~67–68K) �
FX Leaders
Multiple analysts watching $63K → $60K region as next support �
FX Leaders +1
Some extreme projections even go lower if panic continues
👉 Translation:
Momentum is currently down, and liquidations usually come in waves — not just one.
🟩 Bullish case (what could send it to $70K)
If BTC reclaims $68K–$70K quickly
Short squeeze + dip buyers step in
ETF/whale demand still exists in background �
KuCoin
👉 But right now:
Rejections near $70K have been consistent resistance
🧠 My read (trader perspective)
This looks like:
Distribution → breakdown → liquidation phase
Not a clean bottom yet
👉 Most probable path: Sweep lower liquidity first (≈ $63K–$60K)
Then bounce.
🎯 Final answer
➡️ $60K is more likely first (short-term)
➡️ $70K comes later only after stabilization + reclaim
🔥 What smart money does here
Not chasing longs immediately
Waiting for:
$60K–63K reaction
OR reclaim of $68–70K with strength
#BitcoinPrices #TrumpSeeksQuickEndToIranWar #CLARITYActHitAnotherRoadblock #OilPricesDrop #TrumpSaysIranWarHasBeenWon
