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$266M in long positions wiped out as Bitcoin crashes below $76K — a brutal reminder of how fast sentiment can flip. Volatility isn’t slowing down, and leverage is getting punished hard.
Stay sharp. Manage risk.
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$BTC has been moving in a way that feels like it’s trapping liquidity. Right now, most people think it’s heading toward 85,000, but this kind of move is what we call a manipulative setup.
We saw a strong pump up to around 79,400, which pushed a lot of traders into taking long positions. But right after that, BTC dropped sharply to around 77,900. That kind of sudden move likely hit a lot of stop losses and wiped out a good amount of funds.
That’s why I was already suggesting earlier to avoid jumping into long trades during this kind of manipulation and focus on protecting your capital.