$BTC : Hunting the Short Liquidity! 🏹⚡
The forced-selling cascade just swept over $650M in longs, pushing $BTC straight into the major macro support zone near $76,700. The bears are overextended here, and the order book is hinting at a sharp relief squeeze. 📉🔄
The Liquidity Map: 👇
The Bid Floor: $76,500 - $76,800 (Heavy institutional buy walls defending here) 🧱
The Target Gap: $78,500 - $79,200 (Immediate short-liquidity pool to clear) 🎯🌕
The Invalidation: Hourly candle body cl...
$BTC briefly fell to $76,900, its first break below $77K since May 1, before stabilizing around $77,000 in early Asia trading. The move triggered about $600M in liquidations, with Ethereum longs losing $239M and Bitcoin $151M, driven by low weekend liquidity and macro pressure (higher yields, oil above $105, and ETF outflows). Sentiment remains mixed, with some viewing it as a healthy reset while others expect further downside. #BTC #BingX