BTC crashes through $84K; $370M liquidated in 1 hour ($410M in actual figures)
🔻 The biggest news this morning
BTC dropped nearly $2,000 in 20 minutes this morning, breaking below $84K. According to a 10:04 flash report, $370M was liquidated across the market in one hour, with ETH longs hit hardest. By midday, actual figures showed the wipeout had reached $410M, including $398M in long positions. Binance saw long positions worth tens of millions forcibly liquidated.
🔻 In-depth analysis
U.S. stocks closed higher overnight, but BTC didn’t follow. Leveraged bulls in the Asian session blew themselves up. The Fed issued a stark warning that it could raise rates again if inflation returns, while 30-year Treasury yields stayed above 5.6%. Bulls crowded into positions around $86K, betting on a breakout—and got wiped out. With the leverage bubble cleared, the bottom is looking less weighed down.
🔻 My take
The long-term core position is still intact; short-term, it’s a case of “overcrowded longs.” $85K has become resistance. If BTC can’t reclaim it, $82.5K is in sight. The Fed minutes overnight are the real wildcard, so I’m not catching falling knives before they’re released. A wave of long liquidations isn’t a signal to buy the dip—wait for volume to return before making a move.
Did you get wicked out, or did you dodge the bullet? 👇
BTC #ETH
🔻 The biggest news this morning
BTC dropped nearly $2,000 in 20 minutes this morning, breaking below $84K. According to a 10:04 flash report, $370M was liquidated across the market in one hour, with ETH longs hit hardest. By midday, actual figures showed the wipeout had reached $410M, including $398M in long positions. Binance saw long positions worth tens of millions forcibly liquidated.
🔻 In-depth analysis
U.S. stocks closed higher overnight, but BTC didn’t follow. Leveraged bulls in the Asian session blew themselves up. The Fed issued a stark warning that it could raise rates again if inflation returns, while 30-year Treasury yields stayed above 5.6%. Bulls crowded into positions around $86K, betting on a breakout—and got wiped out. With the leverage bubble cleared, the bottom is looking less weighed down.
🔻 My take
The long-term core position is still intact; short-term, it’s a case of “overcrowded longs.” $85K has become resistance. If BTC can’t reclaim it, $82.5K is in sight. The Fed minutes overnight are the real wildcard, so I’m not catching falling knives before they’re released. A wave of long liquidations isn’t a signal to buy the dip—wait for volume to return before making a move.
Did you get wicked out, or did you dodge the bullet? 👇
BTC #ETH