#SaylorBTCPurchase #MarketPullback #TrumpTariffs

$BTC $600 million worth of BTC long positions were flushed out in the past 24 hours.

BTCUSDT’s long/short ratio has reached a 30-day record.

A big correction seems likely at this point and could push BTC to $90K as part of a normal ‘mean reversion’ move.

$650 million worth of long positions have been wiped out in the past 24 hours across the entire crypto market. Nearly a third of that total corresponds to BTC longs.

This is not at all unexpected as open interest in Bitcoin futures surged to a new record of 726,450 BTC yesterday.

Retail traders may have got too excited by the top crypto’s push to a new all-time high. The amount of liquidations seen in the past 24 hours after a 4.5% weekly retreat indicates a highly leveraged market that is in dire need of a strong correction.