Wall Street got trapped hard around the $91K level of $BTC , too much leverage, too much confidence, and not enough respect for how violent #Bitcoin can be at extremes.
Is the local bottom in?
Honestly, it might be.
The sell-off flushed out late leveraged buyers.
Spot demand didn’t disappear, it just paused.
Miners and long-term holders aren’t panic-selling.
Funding reset across the board, which usually marks exhaustion.
A bottom isn’t confirmed until we see follow-through, meaning $BTC needs to reclaim lost levels with real volume, not just a bounce from oversold conditions.
So yes, this zone has the ingredients of a local bottom…
But confirmation comes only when $BTC starts closing back above major liquidity pockets.
My plan:
Watch reaction, not headline.
What’s your view, dead-cat bounce or true reset?
BTC
89,286.66
-2.99%