AE, after reading this Vulcan news, I only gave a small laugh—because the crowd keeps thinking this is just a small matter involving one miner. But AE, don’t you get it? This is the classic liquidity trap that MM is setting. They release this undercapitalized snippet—33 million USD—right when the psychological support zone is about to become empty, just to trigger the panic button and make retail rush to unwind positions. Meanwhile, smart money is ready to take the flood of liquidation offers coming from fear. Think back to those days in 11/2022 when FTX collapsed— the whole community fell into similar panic, plunging down to the $15.5K area before the market reaped the big bull run that followed. The structure is different now, but the game of controlling emotions repeats exactly.
Bitcoin’s price is currently hovering around $68,500, and buy-side demand is extremely fragile. MM will certainly sweep the stop-losses in the $69,200 area to “drain the water,” then push the price to slide until it finds a safer anchor around $66,100, and even drive it down as far as $63,800. If you still have a long position, cut it immediately with a Market Sell order—don’t expect a recovery. Shorts can enter below $68,100, hold until $66K, then take profit at $63.5K. Set a hard stop-loss if price breaks back above $71,100.
Better to feel pain once than to lose all liquidity in the next round.
$BTC #BinanceSquare #CryptoNews #Bitcoin
Bitcoin’s price is currently hovering around $68,500, and buy-side demand is extremely fragile. MM will certainly sweep the stop-losses in the $69,200 area to “drain the water,” then push the price to slide until it finds a safer anchor around $66,100, and even drive it down as far as $63,800. If you still have a long position, cut it immediately with a Market Sell order—don’t expect a recovery. Shorts can enter below $68,100, hold until $66K, then take profit at $63.5K. Set a hard stop-loss if price breaks back above $71,100.
Better to feel pain once than to lose all liquidity in the next round.
$BTC #BinanceSquare #CryptoNews #Bitcoin