$BTC At the 105K and 106K levels, there's a significant cluster of long liquidations — nearly $2.8 billion. The price has just set a new all-time high at 111K. Right now, it's crucial to be extremely cautious with long positions. Overall, the market remains overbought, and a bearish divergence is still in play.

It's best not to chase FOMO — wait for a correction, which could reach as low as 80K.

Protect your profits on longs. Buy fear, sell euphoria.