๐ค BTC $BTC Pullback Explained โ Hereโs What the Market Is Really Doing
A lot of people are asking why Bitcoin pulled back and what comes next. Letโs break it down simply and honestly, without hype.
This move wasnโt random. The market was already positioned for a liquidity reset ahead of U.S. jobs data. When positioning becomes crowded, price often moves earlier than expected โ not because of news, but because leverage needs to be cleared.
On lower timeframes (15mโ1h), BTC struggled around the 90.5kโ90.6k zone while open interest kept increasing. Thatโs a warning sign. Too many longs, weak structure.
Once price slipped below 89.8k, open interest started dropping instead of rising. That tells us this move was driven by long liquidations, not aggressive short sellers.
โ๏ธ Sell pressure from liquidations
โ๏ธ Futures basis turning negative
โ๏ธ No expansion in short positioning $KITE
This setup is common before major macro events:
Liquidity builds โ leverage piles in โ weak hands get flushed โ market resets.
๐ What to expect next
Most of the leverage cleanup already happened today. That reduces the probability of another sharp drop in the short term.
๐ Important levels to monitor:
โข 88.6kโ88.4k โ current reaction area
โข 88.2kโ88.0k โ remaining near-term liquidity
โข 87.4kโ87.0k โ only likely if leverage rebuilds quickly
As long as 88k holds and open interest stays stable, the market is more likely to consolidate or move sideways, not break down.
The real directional move comes after the jobs data, not before it.
No hype. No gambling. Just market structure and risk awareness.
