🚨 $2.3B in long positions have been liquidated in the past 48 hours — a 25% increase from the previous week, with BTC longs accounting for 57.7% of the total, according to the latest futures market data showing an Open Interest of $7.96B.

📊 This matters because the funding rate has turned bullish, with longs paying 0.0067% in funding, signaling conviction from institutional traders, and smart money is rotating into #DeFi protocols and #Bitcoin, with top traders net long 53.8%, while #Ethereum sees a bullish MACD crossover.

📈 As smart money buys into protocols like WORLDCUP and RICH on Solana, with 3 smart wallets each, and top traders on BSC trending towards tokens like quq, BEAT, and ZEST, the market is watching for a potential supply squeeze, especially with #Bitcoin ETFs seeing significant inflows, as discussed in #BitcoinBreaksBelow75KAsWarshTakesFedHelm.

🔍 The key level to watch is $80K, a close above which could trigger a significant leg up, fueled by the current fear sentiment of 28/100 and the mid-range Bollinger Bands, with the price currently at $76,847, up 1.17% in the past 24 hours.

❓ Will this rotation into DeFi and bullish institutional sentiment be enough to propel Bitcoin to new highs, or will the current fear sentiment and bearish MACD crossover on BTC spell a deeper correction?