This wasn’t a random dump — it was a planned liquidation.
BTC stayed high for a long time, trapping over-leveraged longs. Once enough liquidity built up, price dropped fast and liquidated them. Most low-leverage longs were flushed between 78k–76k, with a major sweep near 75.7k. That job looks mostly done. Now the focus usually shifts to the other side.
After such sell-offs, traders pile into high-leverage shorts, and whales often push price up to liquidate those shorts. That’s how crypto liquidity cycles work.
📊 BTC Outlook (Short-term): Neutral → Slightly Bullish
Support: 73.7k – 75k Resistance: 79.5k – 81.1k
Possible move: A bounce toward 80k–81k to hunt short liquidations.