defilosses

🚨 Breaking: BTC plunges 3.5% in 4 hours, breaking below the $64K support.

The broader market rapidly dropped 3.5% in just 4 hours, crashing to $63,521 and smashing through retail traders’ psychological support. This sharp sell-off wasn’t triggered by macro news. Instead, a wave of liquidations in the derivatives market, fueled by heavy leverage, wiped out long positions all at once.

BTC is currently at $63,521, and the Fear Index is at 13. The whale long/short ratio has surged to 2.51, showing that trading in the futures market is extremely heated. But the funding rate is only -0.0044%, indicating that bears aren’t blindly piling in—the sharp drop was mainly caused by a cascade of long liquidations.

“This drop flushed out leveraged longs, not panic selling of spot BTC by major players.”

🔮 Cheese’s prediction: If BTC fails to reclaim $64,500 within 48 hours, it could fall further to the $61,200 support level. Verification date: 2026-11-19

(The above is solely my personal observation and is not investment advice.)

The Fear Index has plunged to 13, deep in the extreme fear zone. Are you planning to ride out the leverage or cut your losses decisively?

The Cheese King posts updates every day to help you track what the big players are doing 🧀

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