Yesterday $BTC hit a yearly low of $59,100, then bounced $2,700 to close above $61,000.

The retest of June 5's low at $59,130 liquidated $300M in longs.

Classic flush-then-recovery pattern. The June low held as support, which is actually constructive — shows buyers stepping in at known levels. The size of long liquidations tells you how crowded the trade was on the way down.

Now the question: is this just a relief bounce or the start of a real reversal? Watch whether $61K becomes new support or just a temporary stop before another leg down.