๐จ $550M+ Crypto Longs Liquidated โ Is BTC Heading to $75K?
More than $550 million in bullish positions were wiped out as Bitcoin lost key intraday support. Over 181,000 traders got liquidated โ 87% were LONGS.
๐ Liquidations by asset:
BTC: $174M
ETH: $189M
SOL: $34M
XRP: $14M
DOGE: $11M
๐ง This wasnโt panic selling. It was a classic liquidity sweep โ price pushed just below support, stop-losses triggered, leverage flushed.
๐ Key question now: If BTC fails to hold $85K, next major supports sit at $80K โ $75K.
Whales hunt liquidity first โ direction comes later.
๐ Whatโs your view? Bounce from here or deeper correction to $75K?
๐จ Bitcoin Warning: Japan Could Shake the Market
Markets are pricing a 98% probability that the Bank of Japan will hike interest rates on Dec 18โ19.
Why does this matter for Bitcoin?
For decades, global investors used cheap Japanese Yen to fund risk assets like stocks and crypto (Yen Carry Trade). If rates rise, leveraged positions may unwind โ forcing selling across risk assets, including BTC.
๐ Analysts warn a 20โ30% correction is possible. This puts $70kโ$75k as a realistic support zone if selling accelerates.
โ ๏ธ This is not a crash โ itโs a macro-driven correction. Long-term trend remains intact, but volatility is coming.
Whatโs your view โ healthy dip or deeper correction? ๐
โ Day 4 Submitted โ ABC Challenge Complete! Q: "Which crypto concept still confuses you?" My answer: "Liquidity Pools โ still feels like a magic money hole! ๐ณ๏ธ"
๐ฐ $2,000 USDC for Top 100 answers โณ Deadline: Tonight, 15 Dec 23:59 UTC
> Bitcoin is currently under macro pressure due to global bond yields, inflation concerns, and cautious market sentiment.
A pullback toward the $70kโ$75k range is possible and healthy, not a crash. This zone has strong historical demand and could act as a solid base for the next move.
Short-term volatility is expected, especially with global uncertainty around interest rates and Japan bond markets.
However, as long as BTC holds above the $68kโ$70k support, the broader bullish structure remains intact.
This phase looks more like consolidation, not distribution.
๐ Key Observations: - Sharp drop today โ high volatility - Testing support near $0.385 - RSI likely oversold (potential bounce?)
โ ๏ธ Risks: - Micro-cap coin โ high risk - No major news/development - Not for long-term holders
๐ฏ Trade Idea (Only for experienced traders): - Wait for stabilization above $0.43 - SL below $0.38 if trading - Avoid without strict risk management
Per technical charts, Ethereumโs price is hovering just above the 9-day Simple Moving Average (SMA) of $3,166.96, indicating that Ethereum is attempting to maintain its recent bullish momentum. The second-largest crypto is testing the upper part of its range, and its ability to hold above the SMA level could signal further upward movement. The Relative Strength Index (RSI) is currently at 53.88, suggesting that Ethereum is neither overbought nor oversold, providing room for potential price action in either direction.With the RSI hovering just above the neutral 50 mark, Ethereum appears to be in a consolidation phase, waiting for further momentum. If the RSI continues to move higher, it could signal that Ethereum is gearing up for a breakout, potentially targeting the next resistance zone.
The MACD (Moving Average Convergence Divergence) indicator also shows a positive value of 53.36, with the MACD line above the signal line, suggesting bullish momentum. The histogram is also in the positive, showing a growing buying interest. This, combined with the RSIโs neutral reading and the priceโs position above the SMA, points to a potential upward move if Ethereum can break through its immediate resistance levels like $3,600. However, if the price falls back below the 9-day SMA, it could indicate a retreat toward lower support levels.
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