BTC bulls are getting crushed; buying spot is the right way to find a bottom

BTC bulls were completely crushed last night. Leveraged dip buyers were liquidated and forced out, with no chance to fight back. Assets following lead traders in the BNB ecosystem hit the No. 1 spot, while XRP stood at $1.01. This shows that funds haven’t left—they’re just moving elsewhere. The market is splitting, and capital is shifting between sectors.

My conclusion: don’t bet on a rebound. Buying spot is the right way to find a bottom. That’s exactly how the bulls are being squeezed right now: the more people use leverage to buy the dip, the more liquidation orders pile up, and one drop is enough to wash them out. Nobody wants to be left holding the bag, and dip buyers are waiting for spot money to flow back in first.

On Binance, assets following lead traders rank No. 1. Funds are still in exchange derivatives, but no one dares to use heavy leverage anymore. XRP is at $1.01 and hasn’t fallen as sharply as Bitcoin. Some funds are rotating through short-term trades, which shows there’s still capital looking for opportunities—and diverging from Bitcoin.

My view: whether BTC can find a bottom in the short term depends not on dip-buying, but on whether spot buyers are willing to return. Only if spot funds step in can the bulls catch their breath; otherwise, liquidation pressure will persist into the evening, making a short-term rebound unlikely.

Tonight, keep an eye on BTC and see whether it can hold the key level—or break below it.

🐶 Let’s check out Rocket Bro’s puppy ✨🚀