$BTC

Drops 5% — Why I Think a Bull Run Could Be Next 🚀

Bitcoin’s quick drop from $124K to below $118K in under an hour wiped out roughly $577M in leveraged positions. This kind of shakeout often clears weak hands and resets the market.

From my analysis, this is more of a setup than a breakdown. Major liquidations tend to reset funding rates, flush out excess leverage, and create ideal conditions for the next bullish move.

Right now, I’m steering clear of futures and focusing on spot entries. My key watch zone is $121K–$122K — a break and hold above could confirm bullish momentum.

In my experience, panic moments like this often come right before strong recoveries — and I’m positioning for what could be the next leg up.