$BTC at ~$84K: what liquidations are actually saying
Last 24h liquidations came in near $396M, and about 73% were longs. That is not the clean short squeeze story from Monday. It looks more like chop punishing both sides.
Friday brings roughly $15B in BTC options expiry, with max pain near $76K, well below spot. Max pain has a mixed record as a predictor, and the dealer hedging flow that helped the rally fades once contracts settle.
Leverage cooled today: open interest sits near $152B, slightly lower on the day. So I'm not guessing direction. Two scenarios: price holds the $83K-$84K zone through expiry, or it drifts toward the mid-$70Ks as hedging unwinds.
Verify first. Risk later. Scale slowly...
#BTC #Bitcoin #CryptoMarket
Last 24h liquidations came in near $396M, and about 73% were longs. That is not the clean short squeeze story from Monday. It looks more like chop punishing both sides.
Friday brings roughly $15B in BTC options expiry, with max pain near $76K, well below spot. Max pain has a mixed record as a predictor, and the dealer hedging flow that helped the rally fades once contracts settle.
Leverage cooled today: open interest sits near $152B, slightly lower on the day. So I'm not guessing direction. Two scenarios: price holds the $83K-$84K zone through expiry, or it drifts toward the mid-$70Ks as hedging unwinds.
Verify first. Risk later. Scale slowly...
#BTC #Bitcoin #CryptoMarket
