🚨 $547M LIQUIDATED — I’M STARTING TO BUILD A $BTC POSITION HERE
Bitcoin just flushed toward $83K as more than $500M in leveraged positions were wiped out.
This wasn’t happening in isolation.
Crypto is trading under broader risk-off pressure as oil, the dollar and Treasury yields stay elevated — and leverage amplified the move once BTC started losing intraday support.
But after a liquidation event like this, the question changes:
Was this the start of a bigger breakdown — or did the market just clear excess leverage?
That’s where my 6H structure gets interesting.
$BTC is now back around the ~$83K area I was already watching, and the broader setup has NOT invalidated.
I’m starting to build a LONG position here — not going full size at once.
📍 Starting entry: ~$83.0K
🎯 TP1: $88.5K
🎯 Next: $94.8K
🎯 Main target: $97.9K
⛔ Invalidation: $78.7K
⚠️ Risk: 0.5–1%
My base case:
Hold ~$83K and reclaim $84.5K–$85.3K → I’ll look for the correction to finish and $88.5K to come back into play.
Above that, $94.8K–$97.9K remains my expansion target.
If the structure fails, I’m out. No attachment to the bullish thesis.
$547M in leverage just got flushed.
I’m betting this was a leverage reset — not a breakdown.
What do you see here: RESET or MORE PAIN? 👇
$BTC
Bitcoin just flushed toward $83K as more than $500M in leveraged positions were wiped out.
This wasn’t happening in isolation.
Crypto is trading under broader risk-off pressure as oil, the dollar and Treasury yields stay elevated — and leverage amplified the move once BTC started losing intraday support.
But after a liquidation event like this, the question changes:
Was this the start of a bigger breakdown — or did the market just clear excess leverage?
That’s where my 6H structure gets interesting.
$BTC is now back around the ~$83K area I was already watching, and the broader setup has NOT invalidated.
I’m starting to build a LONG position here — not going full size at once.
📍 Starting entry: ~$83.0K
🎯 TP1: $88.5K
🎯 Next: $94.8K
🎯 Main target: $97.9K
⛔ Invalidation: $78.7K
⚠️ Risk: 0.5–1%
My base case:
Hold ~$83K and reclaim $84.5K–$85.3K → I’ll look for the correction to finish and $88.5K to come back into play.
Above that, $94.8K–$97.9K remains my expansion target.
If the structure fails, I’m out. No attachment to the bullish thesis.
$547M in leverage just got flushed.
I’m betting this was a leverage reset — not a breakdown.
What do you see here: RESET or MORE PAIN? 👇
$BTC