📉 #btcdropsbelow$77k — this drop doesn’t look finished
BTC broke below $77K, but the structure does not look like full capitulation yet.
Market Median leaves room for more downside. The backdrop is weak, breadth is poor, and risk-on is not confirmed. That means every bounce deserves suspicion.
Liquidations
Roughly $500M in liquidations over the last 24 hours is serious, but it does not look like a full market flush.
The $1B strike has not been taken yet. After the first liquidation wave, retail usually starts calling the bottom, opens early longs, and gives the market one more layer of liquidity below.
Where the crowd gets trapped
New traders try to catch the reversal on every green candle.
In a weak regime, a bounce is often just fuel for the next short. A fast pump inside a weak market is an inefficiency. The market tends to close it back.
Working logic
- Short pumps.
- Short sharp relief bounces.
- Short inefficiencies after local shorts get squeezed.
Watch open interest, liquidations, funding, premium index and Market Median.
Do not guess the bottom. Do not fight the regime. Do not size like you are trying to win everything back in one trade.
Even a clean short can be ruined by position size. Risk comes first, entry comes second. This market rewards discipline, not bravery. ⚠️
#BTCDropsBelow$77K $BTC