BTC dipped under $106K 👇 What’s behind the move, and what’s next? 🚀
BTC sliding from $107K → $105K freaked a lot of people out — everyone thought some big news dropped. But nope… it was just a classic long squeeze. 🧠
Too many traders were over-leveraged on longs, and once BTC slipped under short EMAs, liquidations started flying. Open interest dumped, taker sell volume spiked — boom, longs wiped out in seconds. 💥
Nothing crazy, just the market clearing out the greedy positions before the next move.
As long as BTC holds the $104K zone, structure’s still solid. 💪
This looks more like a shakeout than a trend change. So keep leverage low, stay chill, let weak hands panic — the bounce usually comes right after. 😉
#BTC #crypto #longsqueze