🚹 THE $BTC DECLINE MAY CONTINUE

$BTC has fallen back toward the $80,000 area, triggering more than $700M in liquidations over just the past 4 hours. Across the last 24 hours, total liquidations have now exceeded $1 billion.

What stands out to me is that there still isn’t a single major headline that explains this move. Instead, it looks more like the market is once again being driven by leverage, forced liquidations, and aggressive positioning.

We’ve seen similar volatility repeatedly since BTC moved above $80K. Each attempt to push higher has created more leverage, and when momentum turns, those positions can unwind very quickly.