$BTC Drops 5% — But My Analysis Points to an Imminent Bull Run

Bitcoin’s rapid dip from $124K to below $118K in under an hour triggered roughly $577M in leveraged liquidations. This kind of shakeout often flushes out weak hands and resets the market.

Based on my analysis, this move isn’t the end — it’s the groundwork for the next rally. Large liquidations like these typically reset funding rates, clear excess leverage, and pave the way for a fresh bullish surge.

I’m steering clear of futures for now, focusing instead on spot entries. The key zone I’m watching is $121K–$122K — a sustained break above this level could confirm renewed bullish momentum.

From experience, panic drops like this often lead to strong recoveries, and I’m gearing up for what could be the next major upward move.