6.3 Epic Crash of Bitcoin! $1.6 Billion Liquidated Across the Entire Network, Is It Time to Buy the Dip or Run?

$BTC
People who opened their accounts this morning probably feel completely deflated, right? 24-hour plunge of 6.12%, dropping as low as $66,587, hitting a new low since April, with $1.61B liquidated across the entire network, 270k people forced to liquidate, 93% of the liquidations are longs, the largest single liquidation was $27.5 million, many people woke up to find themselves back to square one, fear and greed index directly hit 10, entering "Extreme Fear," the lowest level since January 2025.

Rebound to buy the dip, absolutely do not chase high
Entry: around 670-673, buy the dip, with a target of 676, watch for 661-650

Macro completely turning hawkish, rate cut dreams shattered:
U.S. April JOLTS job openings exploded, reaching 7.62 million, far exceeding expectations of 6.87 million, hitting a two-year high.
CME FedWatch shows: the probability of a rate hike in September surged to 23% (from 0% a month ago), the chance of a rate cut this year is almost zero.
Cleveland Fed President directly stated: if inflation doesn’t come down, rate hikes could restart at any time.

MSTR faith collapsing, nuclear-level bad news:
MicroStrategy sold Bitcoin for the first time in four years! Sold 32 BTC at an average price of $77,135.
This directly breaks the myth of "buy and hold only," MSTR’s stock price plummeted 9% overnight.
Even the once "largest Bitcoin bull" is starting to sell, market confidence is collapsing.

Mt.Gox + ETF double whammy, capital fleeing wildly:
Mt.Gox wallets transferred out about $739 million worth of Bitcoin, panic selling at full throttle.
Bitcoin ETF has been net outflow for 11 consecutive trading days, totaling over $3.45 billion.
BlackRock’s IBIT alone saw a $440 million outflow in one day, funds are all chasing the record high in U.S. stocks.

Now it’s in a super oversold state after panic selling, a technical rebound could happen at any time.
But the overall downtrend remains unchanged.
If the daily closes below 68,500, any rebound is just a chance to escape.
Preserving principal is more important than anything else, don’t fight the trend #微策略出售32枚比特币