📉 Early morning on May 31 (New York), Bitcoin fell to $104,911 on Binance – a flash drop powerful enough to disrupt the market. Without further ado, over $577 million in long orders were 'wiped out' in just a few hours. Once again, BTC reminds us of an old lesson: those who sleep lose money.
⛓ On the major CEX exchanges, liquidation pressure has been building up for many days. When the price broke the $105k mark, the auto-liquidation system was triggered like dominoes. This feeling is no different from 'Black Thursday 2020' – only this time, the ones suffering are the reckless long holders who have held their profits for too long.
💣 But the tragedy may not be over. If BTC recovers above $109,000, $275 million in short orders could be 'reversed' – meaning this drop could face a counterattack. Those who open shorts too late risk becoming the next victims.
🤐 Interestingly, this time, the community is not very concerned about the statements of KOLs or experts. Everyone is glued to the liquidation indicators on Binance, OKX, Bybit… Everyone wants to know who is getting burned next, and what awaits behind.
⚠️ Reminder: not news, not the FED, not halving. Just one support break – enough to see cryptocurrencies operate in their own way: ruthless and without warning.
🧠 The market is not kind to dreamers. And Bitcoin always finds a way to reclaim the money you just thought you had 'earned'.
#DolugCrypto #BTCcrash #CryptoLiquidation #BitcoinVolatility
