102,000 critical point blood flows like a river! 24 hours of slaughtering $460 million leveraged retail investors!
$BTC 102,000 in urgent need! $460 million exploded in a day! Three bombs detonated!
Yesterday was "Black Tuesday", Bitcoin broke through the critical level of 102,000, with a single day liquidation of $464 million! Trillion-dollar market cap? A paper tiger in the face of panic. There are three reasons:
1. The flames of war ignite panic! Israel bombs Iran, gold and oil soar, ironic! Bitcoin, this "digital gold", is instead being dumped— the market is too tightly bound; when real fighting breaks out, people grab stablecoins to escape, reality slaps back.
2. Leveraged self-destruction! Before the crash, there was a scene of "peace", but contract volume surged by 18%, filled with 25x+ high-leverage long positions! When the price broke 106,000, a domino effect of liquidations occurred, forcing the system to automatically crash the market. Shorts lost 70 million, and the market collapsed in fear.
3. Technical indicators signal red lights! The “death cross” appeared early, and RSI has been oversold for two weeks. The worst! Before the crash, it didn’t even pass the 106,000 resistance, quantitative programs panic-sell.
Historical lesson? Crashes often reshuffle. This time is even more precarious! Iran accounts for 4.5% of global hash rate, and the halting of mining poses a threat to safety; US regulations are lax, and large institutions' money is flowing from ETFs to off-exchange to withdraw liquidity.
Current market:
Retail investors are cutting losses, while whales are buying! MicroStrategy and others are aggressively bottom fishing. The logic is strong: Bitcoin's market cap < 3.5% of gold, the Federal Reserve is cutting interest rates + debt crisis, the appeal of “non-sovereign hard currency” is skyrocketing. Grayscale warns: worsening in the Middle East could push to 150,000!
Altcoins reveal their true form! Ethereum can withstand upgrades. Meme coins? Directly evaporated by 30%+, collapsing first to death in air coins.
Future focus on 102,000! Breaking this level may test 90,000. BUT! Historical panic often leads to violent rebounds, and this liquidation scale is only 44% of the LUNA crash, with a slightly thicker base. My view:
Optimistic: Cooling in the Middle East + ETF inflows → up to 110,000+.
Neutral: 100,000-105,000 fluctuating while waiting for the Federal Reserve.
Pessimistic: Loss of control in the Middle East → Bitcoin could crash to 80,000... scalp tingling.
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