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Just watching bitcoin pull back to $80.75K after that wild Friday squeeze. The move up to $78K triggered nearly $762 million in liquidations across the market - mostly shorts getting rekt. Bitcoin alone saw about $381 million in short liquidations, which was honestly one of the cleanest short-heavy setups we've seen in months.
What's interesting is the Iran Strait of Hormuz headline reversal. Reopening news sent crude down almost 10% and bitcoin broke above that stubborn $76-78K zone, but then the closure announcement came less than 24 hours later and basically reset the whole narrative. Classic whipsaw pattern we keep seeing with geopolitical headlines.
The real question now is whether bitcoin holds the $76K level into Monday's open. If we get a clean weekly close above that, it preserves the structural break even with all this headline noise. Altcoins actually outperformed - ICP up 41.55%, NEAR up 20.69%, UNI up 15.93% over the week. Ether held better than bitcoin on the retreat too. Watching this $76-78K zone closely because a sustained break could open the path toward $94K and eventually the $126K record high. For now, it's all about whether this support holds or we slide back into that range we've been trapped in since March.