๐จ Bitcoin Market Crash โ What Really Happened? ๐จ
Just 2 days ago, $BTC dropped sharply to ~$104Kโฆ but why? ๐ค Letโs break it down:
๐ 1. Profit-Taking at the Top
After hitting new highs near $111K, whales & smart money started locking in profits. Natural? Yes. Painful? Also yes. ๐
๐ 2. Global Uncertainty
US-China trade talks hit a wall. Markets hate uncertainty, and cryptoโs no exception.
๐ฃ 3. $683M in Liquidations
In just 24 hours, long traders got rekt ๐. The liquidation cascade pushed prices even lower, fast.
๐ 4. RSI Bearish Divergence
Charts showed warning signs โ bearish divergence was flashing for days, and now we see the impact.
๐ฎ The Good News?
BTC still looks bullish long-term. Supply on exchanges is low, and accumulation continues. This pullback might just be a setup for the next leg up.
๐ง Remember: Corrections shake out the weak hands. Are you here to panicโฆ or prepare?