This post sounds intense. Emotional. And I get it — when the market nukes in 20 minutes, it feels like someone just pulled the rug.
But let’s slow down a bit.
Was that really a “coordinated dump”?
Seeing $3.5B move in 20 minutes looks crazy. But that doesn’t automatically mean exchanges sat in a room and decided to dump on retail.
More often than not, it’s something simpler:
• Too many people were overleveraged long
• Funding was overheated
• Open interest was stacked
• One push down triggered liquidations
• Liquidations triggered more liquidations
And boom — cascade.
That’s not conspiracy. That’s market structure.
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Are exchanges actually “selling on your head”?
When you see large outflows from Coinbase, Binance, etc., it doesn’t always mean they’re smashing the sell button.
On-chain movement can be:
• Custody transfers
• Internal wallet reshuffling
• OTC settlements
• Institutional rebalancing
Movement ≠ intentional coordinated dumping.
It’s easy to build a dramatic narrative when numbers are big. But big numbers are normal in Bitcoin.
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So what really happened?
Most violent drops like this usually come down to one thing:
Too much leverage on one side.
When the market is crowded long, it doesn’t need bad news.
It just needs an imbalance.
The market doesn’t hunt retail.
It hunts liquidity.
And when liquidity is sitting under price?
Price goes there.
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Crypto is brutal sometimes. No doubt.
But before calling it a coordinated “retail trap,” it’s worth remembering:
This game is mostly math, positioning, and liquidity.
Not secret meetings.
#BTC #60k