Afternoon observation: A rebound after liquidations does not mean the risk has passed. CoinDesk reported on October 9 that the crypto market saw approximately $1 billion in liquidations, with Bitcoin returning to around $82,000. At the time of capture, Binance BTC/USDT was at 82,538, down 0.37% over the rolling 24-hour period; ETH was down 2.63%, showing a noticeably uneven recovery. My view: Look at spot-market volume and how pullbacks are absorbed before discussing a trend reversal. Liquidation figures reflect leveraged positions being flushed out; they do not mean that an equivalent amount of spot-market capital has left. Chasing the rebound with more leverage can easily turn a market recovery into a second loss. Sources: CoinDesk and Binance public market snapshot.#BTC #Risk Management