it would reach $1M, you were safe.
But that’s not how the market works.
Without a clear strategy—especially for profit-taking—the market will unwind you.
And it always does.
Yes, the long-term trend remains bullish.
Yes, supply on exchanges continues to drain.
The broader narrative is intact.
But that doesn't eliminate local risks.
We just watched $1B in open interest get wiped—a wave of liquidations, leverage flushed out.
Net taker volume has turned sharply negative.
Sellers are in control.
If this pressure holds, a retest of $106K is on the table.
Main takeaway:
– Stay bullish if that’s your conviction
– But don’t skip the basics
– Take profits on the way up. Always.
