Bitcoin is once again showing its volatile nature. BTC climbed back to $77K and was pushed up to around $79.5K on Sunday, likely to trigger short liquidations. Right after that, the market reversed and dropped to nearly $75K on Monday.

This sudden move wiped out around 75,000 traders, with total liquidations reaching $224.93 million. It’s a clear reminder of how unpredictable the crypto market can be.

Now the big question is: what’s next?

There is a massive $4.38B in short liquidations sitting above $80K, while around $1.9B in long liquidations are waiting below $75K. This means the market could move in either direction to hunt liquidity.

Traders should stay cautious, because the market makers are clearly in control right now.

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