Just watched BTC have one hell of a swing today. Started the morning touching levels we hadn't seen in over a year, then suddenly got absolutely rekt with a massive bounce that wiped out $740M in positions. That kind of move is textbook relative extrema action—prices hit these extreme lows and highs in quick succession, and traders holding the wrong side of the trade got liquidated hard.

What's wild is how fast it happened. One minute everyone's panicking about the 14-month low, next thing you know there's a sharp rally that catches people off guard. When moves are this violent, it creates these relative extrema points on the chart where you see both local bottoms and tops forming within hours. The liquidation cascade is brutal in these conditions.

Current BTC sitting around $81.29K with a slight +0.48% move, but man, the intraday volatility was insane. If you were watching the order books, you could see exactly where the pain was. Days like this remind me why risk management matters—relative extrema don't care about your conviction.