Is it possible to turn the tide just by bottoming out at 63,600? I've seen too many of these get-rich-quick scripts.

Earlier, I saw someone shouting to buy the dip at 63,600, saying they'd come back in two days to thank him. I just chuckled to myself—these emotionally driven calls are posted dozens of times a day in the crypto world.

But when I opened the comment section, there were 61 likes, 129 comments, and over 100k views—clearly not just ordinary pump calls.

Some believed it, some cursed, and some waited to see the outcome in two days.

At that moment, $BTC was probably just hanging around that level. You say it’s low, it’s been falling for two weeks;

You say it might fall further, yet some people are holding up the price with an average of 37,000 for MSTR. Market sentiment is a classic split—both bulls and bears think they’re right.

My usual approach is, during these times, not to rush into buying the dip but to see where the liquidity is. The previous liquidation data clearly shows a gap; if someone is holding the position, the price spike will likely first wipe out those traders before pushing higher.

If nobody is liquidating at 63,600, it indicates the real liquidation zone is below.

But sometimes the market doesn’t play fair. When you wait for the spike, it just pulls back;

When you chase the rally, it hits you back.

So I’m not betting on the direction right now, just watching the changes in funding rates and open interest. If the rate suddenly turns negative and OI drops, that’s a relatively safe entry window.

If everyone is shouting to buy the dip, be extra cautious.

Speaking of holdings, there’s been an interesting development recently.

Strategy’s preferred stock STRC dropped to $89, with a yield of 12.9%. The company responded directly, saying selling $BTC could fund dividends for 32 years.

This signal is quite subtle—on one side, Saylor is shouting HODL every day; on the other, preferred shareholders are getting dividends, and the company is using $BTC as collateral.

If institutions start treating $BTC as a liquidity tool on their balance sheets, the logic of the altcoin season will have to be recalculated. The volatility of Bitcoin will be suppressed, but capital will also find it hard to flow into smaller coins.

The biggest risk for derivatives traders isn’t a price drop; it’s liquidity being drained. #我的Gate交易时刻 #预测世界杯巴西VS海地 #STRC跌破面值11%创上市新低