Bitcoin whipped around near $70,000 on Monday — and it wasn’t random.
With Wall Street closed and trading volume thin, big players had room to move the market. They did exactly that — triggering both longs and shorts in rapid-fire squeezes. Over $120 million got liquidated in hours.
Price looked like it was breaking out… then snapped back. Classic trap. Traders got shaken out on both sides.
The Bigger Signal 👀
Bitcoin’s weekly RSI just dropped below 30 — officially “oversold.”
Last time this happened? The 2022 bear market.
In past cycles (2015, 2018), this level marked the bottom.
In 2022, it led to months of sideways pain before the real recovery.
Here’s the thing:
This doesn’t guarantee a bottom — but historically, this is where major turns start forming.
Volatility is rising. Liquidity is being hunted.
And Bitcoin is setting the stage for a big move.