BTC longs & ETF buyers watch $82K close Who gets liquidated first on a 3% dip?
My first concern on a 3% $BTC dip would be leveraged longs, not ETF buyers.
There is a big difference between holding Bitcoin through a spot ETF and trading BTC with 10x or 20x leverage. ETF investors can sit through a drawdown if they choose to, but overleveraged traders don't always have that luxury.
For me, $82K is the important level here. A quick liquidity sweep below it wouldn't surprise me at all, but a confirmed daily close below $82K could make things much more uncomfortable for buyers, especially if long liquidations start accelerating the move.
ETF flows are also worth watching. We already saw the recent inflow streak come to an end, and continued outflows could add more selling pressure to an already weak market.
Personally, I wouldn't rush into shorting every small dip. I want to see how BTC reacts around $82K first.
Sometimes the market needs to clean up the leverage before making its next real move.
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