๐จ $BTC Flash-Crash Wipes $130M in Longs๐ฉธ๐ฉธ Dip or Doom Before the $110K Rebound?
$BTC just faceplanted from $105K highs to $101K in hours, liquidating over $130M in long positions one of the sharpest shakeouts since Octoberโs $19B bloodbath... ๐ฉธThe so-called โfake pumpโ trap hit hard, with BTC plunging 1.8% in 24h as whales offloaded into late longs...
Data shows 84% of liquidations came from longs, led by BTCโs $114M flush... A single $47M position was wiped on HTX, while one whale reportedly pocketed $36M shorting ahead of the drop...
Macro pressure didnโt help:
Trade war tensions, CPI beats (2.4% vs 2.0%), and ETF outflows (-$338M weekly) fed into the selloff. On-chain, RSI sits near 38, signaling oversold territory, while 200 EMA support holds around $100.5K.
Still, accumulation signals are flashing โ MicroStrategy added 50K BTC in Q3, and ETFs remain net positive on monthly flows. Historically, similar liquidations have sparked 15โ30% rebounds within days.
Short-term range:
๐ Support: $100.5Kโ$101K (critical 200 EMA)
๐ Resistance: $105K โ $110K
๐ Targets: $114K if ETF inflows resume; $98K if support breaks.
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