This is crazy. In just 24 hours, $BTC surged from $77,200 to $79,400, triggering liquidations of $205 million in short positions, then quickly dropped back below $77,500, triggering another $153 million in long liquidations. A total of $358 million was liquidated. Currently: There is a large amount of liquidity above $79,500–$81,500, which may be swept → pushing the price further up. More liquidation zones are stacked below $74,500–$77,500.

𝑩𝑰𝑻𝑪𝑶𝑰𝑵 𝑩𝑬𝑨𝑹 𝑴𝑨𝑹𝑲𝑬𝑻 𝑪𝑶𝑵𝑭𝑰𝑹𝑴𝑬𝑫 — 𝑻𝑯𝑬 𝑾𝑨𝑽𝑬 𝑷𝑶𝑰𝑵𝑻𝑺 𝑻𝑶 𝑭𝑼𝑹𝑻𝑯𝑬𝑹 𝑫𝑶𝑾𝑵𝑺𝑰𝑫𝑬 📉⚠️
Bitcoin’s weekly structure now clearly signals a bear market phase under The Wave methodology.
The previous rally has completed a FLAT correction ending in a Terminal structure, and the breakdown that followed confirms the trend has shifted.
🔶 𝐓𝐡𝐞 𝐖𝐚𝐯𝐞 𝐒𝐭𝐫𝐮𝐜𝐭𝐮𝐫𝐞 𝐄𝐱𝐩𝐥𝐚𝐢𝐧𝐞𝐝
◆ 🔸 The move from the 2024 low formed a corrective a:3 → b:3 → c:5 (Terminal) structure.
◆ 🔸 The rally showed overlap, weakness, and slow momentum — classic signs of a co