Bitcoin just touched $117,840 after being above $124K just days ago. $3.5B in profit-taking and $675M in liquidations hit the market hard.
Honestly? This is crypto being crypto. We went parabolic, now we're seeing the correction. Over $1 billion was wiped out today and everyone's asking if this is the start of something bigger.
But here's the thing - on-chain data shows no panic, and long-term support remains. This looks more like healthy profit-taking after that insane run to $124K.
Are you buying this dip or waiting for lower? 🤔
The leveraged longs got absolutely rekt today. Sometimes the market just needs to shake out the weak hands.
