$BTC just ate a $5.5k dump from $86.5k to $81k. Classic deleveraging cascade.
Leveraged longs got liquidated in waves. Funding rates reset from greedy to neutral. Open interest dropped hard.
This wasn't news-driven—pure mechanical flush. Overleveraged traders betting on continuation got wiped.
What's next? Watch $80k support. If it holds, dip buyers step in. If it breaks, next stop is $78k.
Stay liquid. Volatility = opportunity for those not blown out.
Leveraged longs got liquidated in waves. Funding rates reset from greedy to neutral. Open interest dropped hard.
This wasn't news-driven—pure mechanical flush. Overleveraged traders betting on continuation got wiped.
What's next? Watch $80k support. If it holds, dip buyers step in. If it breaks, next stop is $78k.
Stay liquid. Volatility = opportunity for those not blown out.