Bitcoin’s latest drop has been brutal. The Binance security breach, $1.5B+ in liquidations, massive ETF outflows and weakening risk appetite all added pressure to the market.
And yes, I got liquidated too. I lost $3,714 in the latest BTC drop. It hurts, but this is part of the game.
Looking at this 90-day liquidation map, there’s a huge short liquidation cluster above the current price. If BTC manages to recover, a short squeeze could trigger a sharp move upward. But downside liquidity remains a serious risk. #BinanceSAFUFundTransferCompleted7499BTC
My view? Volatility isn’t going anywhere. The next move could be explosive in either direction.