Last night, crypto bros had another sleepless night as a ton of coins got smashed hard. $BTC even plunged below $79k. {spot}(BTCUSDT)
The main reason came from the market being over-leveraged while the buying power wasn’t strong enough.
Before that, a huge number of high-leverage long positions had been opened, but the incoming money wasn’t sufficient to support the price.
👉When BTC started to dip slightly, those high-leverage positions got forcibly liquidated, pushing the price down even further, which then triggered more and more liquidations. That’s why the price fell much faster than usual.
On top of that, market sentiment flipped extremely quickly. Just a few red candles were enough to turn many people’s expectations of a bounce into pure fear, rushing to exit their positions.
👉When tons of people sell at the same time in a short window, a sharp price drop is almost inevitable — even when there’s no specific bad news at all.
Have you guys really “lost all faith” in the market yet? 🥹
$BTC The last drops of blood donated to grandfather. Hope grandfather regains youth for the descendants! The journey to the shore starting from this morning:
• Milestone 81,000: 🟢 Done - exceeded • 82,000: 🟢 Done • 83,000: 🟢 Done • 84,000: Loading.. • 85,000: Loading... • 86,000: Loading.... • 87,000: Loading..... • 88,000: Loading...... • 89,000: Loading....... • 89,500: The shore is here 🏵️ • 1,000,000: 🟢 The place is here
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🔍 Why this is bullish • Strong V-recovery and higher lows on 1H • Sideways compression right under resistance • Liquidity stacked above 130 → 140 • Volume rising during push, cooling during pullback • 123 = clean structure invalidation
As long as SOL holds above 123, this looks ready for continuation squeeze. 🔥 Trader $SOL Here👇 {future}(SOLUSDT)