Bitcoin is experiencing a healthy -3.50% correction down to $77,311 after testing local highs. With Binance 24h volume surging past $17.4B and Hyperliquid DEX OI standing at $2.93B, we are witnessing a textbook long liquidation sweep.

Key Market Insights:

• Annualized funding rate has cooled down to +10.95%, indicating leverage flush rather than a trend reversal.

• Orderbook data shows strong bid-side passive absorption between $76,500 and $77,000.

• A reclaim above $77,800 is the trigger for short-term mean reversion toward liquidity resting above $79.8K.

🎯 Institutional Trading Plan:

• Entry Zone: $76,800 - $77,350

• Take Profit 1 (TP1): $79,500

• Take Profit 2 (TP2): $81,200

• Stop Loss (SL): $75,700

• Risk / Reward Ratio: 1:2.65

Manage your risk and avoid over-leveraging during volatility spikes.

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