🚨 $770M wiped out in 24 hours — and it was mostly the bulls.
Bitcoin dipped below $81K overnight as leveraged longs got flushed out. Around $686M of those liquidations were long positions — too many traders were betting on a bounce that never came. BTC has clawed back above $83K since, but spot ETFs saw $681M in outflows last week, so institutional demand isn't rushing back in yet.
My take: this looks like a leverage reset, not a trend reversal — yet. Fear & Greed cooled from 73 to 57, which is actually healthy. But tomorrow's US CPI print decides the next real move. A soft number and this dip gets bought fast. A hot one and $80K gets tested.
Are you buying this dip or waiting for CPI first? 👇
$BTC
Bitcoin dipped below $81K overnight as leveraged longs got flushed out. Around $686M of those liquidations were long positions — too many traders were betting on a bounce that never came. BTC has clawed back above $83K since, but spot ETFs saw $681M in outflows last week, so institutional demand isn't rushing back in yet.
My take: this looks like a leverage reset, not a trend reversal — yet. Fear & Greed cooled from 73 to 57, which is actually healthy. But tomorrow's US CPI print decides the next real move. A soft number and this dip gets bought fast. A hot one and $80K gets tested.
Are you buying this dip or waiting for CPI first? 👇
$BTC