🔥 Bitcoin’s wick plunged below 80,819, down 2.12% in 7 days
⏰ At 2:30 a.m., a single wick shot straight down from 81,700 to 80,819
🔄 Then it bounced back to 81,289 within 10 minutes, as if nothing had happened
⚠️ This “stab-and-run” move has happened three times already this week
📍 Current market
💰 81,289, with a 24-hour range of 80,819–81,744
📊 Buyers make up 93.5% of the order book—everyone placing orders wants to buy, but the price just won’t rise. Classic sign of large sell orders overhead
📉 Why?
💸 ETF funds have been flowing out this week
🧊 Glassnode says the “safety net” at 80,000 is getting thinner
Put simply—the floor is still there, but it’s not as solid as it was last month
🎯 In a nutshell
If 80,000 gives way, that’s when this correction truly begins; if it holds, the grind continues
👇 What do you think these wicks mean—is it a whale shakeout, or are they really pushing the price lower?
$BTC
$HYPE
⏰ At 2:30 a.m., a single wick shot straight down from 81,700 to 80,819
🔄 Then it bounced back to 81,289 within 10 minutes, as if nothing had happened
⚠️ This “stab-and-run” move has happened three times already this week
📍 Current market
💰 81,289, with a 24-hour range of 80,819–81,744
📊 Buyers make up 93.5% of the order book—everyone placing orders wants to buy, but the price just won’t rise. Classic sign of large sell orders overhead
📉 Why?
💸 ETF funds have been flowing out this week
🧊 Glassnode says the “safety net” at 80,000 is getting thinner
Put simply—the floor is still there, but it’s not as solid as it was last month
🎯 In a nutshell
If 80,000 gives way, that’s when this correction truly begins; if it holds, the grind continues
👇 What do you think these wicks mean—is it a whale shakeout, or are they really pushing the price lower?
$BTC
$HYPE