Here's our take:
🔹 Historically, such sharp
BTC drops used to cause -20% to -40% crashes in altcoins.
Now, some alts are holding, others correcting mildly, and a few are even rallying.
🔹 In the last 24 hours, $840M was liquidated.
Roughly 80% were long positions.
Historically, reversals often start after $1.1–1.3B in total liquidations.
🔹 BTC Dominance (BTC.D) and Tether Dominance (USDT.D) are forming readable, consistent patterns.
👉 Current thesis:
BTCUSDT will likely continue its movement inside the falling purple channel.
If price reaches $107–108K, we’ll consider closing our short bot to reassess market conditions.
💬 What’s your perspective? Share below.
______________
◆ Follow us ❤️ for daily crypto insights & updates!
🚀 Don’t miss out on important market moves
🧠 DYOR | This is not financial advice, just thinking out loud.
🔹 Historically, such sharp
BTC drops used to cause -20% to -40% crashes in altcoins.Now, some alts are holding, others correcting mildly, and a few are even rallying.
🔹 In the last 24 hours, $840M was liquidated.
Roughly 80% were long positions.
Historically, reversals often start after $1.1–1.3B in total liquidations.
🔹 BTC Dominance (BTC.D) and Tether Dominance (USDT.D) are forming readable, consistent patterns.
👉 Current thesis:
BTCUSDT will likely continue its movement inside the falling purple channel.If price reaches $107–108K, we’ll consider closing our short bot to reassess market conditions.
💬 What’s your perspective? Share below.
______________
◆ Follow us ❤️ for daily crypto insights & updates!
🚀 Don’t miss out on important market moves
🧠 DYOR | This is not financial advice, just thinking out loud.
Trade active
Where will the “bottom” of the current BTC price correction be?🕊 - $107,000
🙏 - $105,000
😈 - we will close the GAP below $91,500
or your option in the comments 👇
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🎁 -20% for ALL trading fees at #OKX 👇
okx.com/join/20PSTRADE
🔥 V-I-P 👉 t.me/P_S_trade_menue_bot
🔵 Telegram 👉 t.me/pstrade_eng
🤖 Trading Bot 👉 copytrading.space/en/
📞 t.me/P_S_trades 📝
okx.com/join/20PSTRADE
🔥 V-I-P 👉 t.me/P_S_trade_menue_bot
🔵 Telegram 👉 t.me/pstrade_eng
🤖 Trading Bot 👉 copytrading.space/en/
📞 t.me/P_S_trades 📝
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.