BTC Plunges to $78,000! Is the MicroStrategy Rally Over?
The crypto market is facing a reality check today. Bitcoin ($BTC ) has retraced to the $78,000 level, marking its lowest point since April. The aggressive "Saylor-pump" momentum seems to have hit a wall as the market grapples with several bearish factors.
What’s Driving the Sell-off?
Profit Taking: Early holders and "OGs" are finally hitting the sell button, locking in gains after the recent rally.
MicroStrategy Fatigue: While Michael Saylor’s $MSTR continues to double down, the "infinite bid" sentiment has cooled off as fresh capital inflows slow down.
Liquidity Crunch: Thinning order books have exacerbated the move, making the downward slide sharper than expected.
Institutional Shift: On-chain data suggests a temporary rotation of capital as traders wait for a clearer macro signal.
Key Levels to Watch
Traders are now eyeing the $76,000 support zone. If BTC fails to hold here, we could see a deeper retest of the mid-70s. However, whales are often seen "buying the dip" at these psychological levels—so keep a close eye on the order flow.
The big question: Is this a healthy correction before the next leg up, or is the local top finally in?
Let us know your strategy in the comments!
Are you 🟢 Buying the dip or 🔴 Waiting for lower levels?