So Bitcoin just had one of those wild squeeze moments that reminds you why this market is insane. Hit $78K on Friday after Iran news about the Strait of Hormuz, then boom - $762 million in liquidations across the board, mostly shorts getting absolutely wrecked. Bitcoin shorts alone took $381 million in losses, Ether another $167 million. The setup had been there for weeks with negative funding rates, so when the catalyst hit, it was brutal.

But here's the thing - by Saturday, the whole narrative flipped. Iran shut the strait again, oil tanked, and Bitcoin pulled back to $76K. Classic whipsaw. Now everyone's watching whether Bitcoin can hold this $76K-$78K zone as support, because if it doesn't, we're back to the same range we've been trapped in since March. And honestly, with how these ceasefire headlines keep reversing, you have to wonder when Bitcoin might crash again or at least consolidate harder before the next real breakout.

The interesting part is the weekly picture still looks okay - Bitcoin up 1.5% this week, Ethereum flat, but Solana up 12% and XRP up 2.7%. So while the daily is choppy, there's still some momentum in alts. The question now is whether the short base that just got wiped out starts rebuilding, which could pressure things lower if we lose $76K support. Definitely keeping an eye on Monday's open.