Brothers, big trouble—wallets are shrinking again.

Just took a quick look at Coinglass, BTC real-time price is $61,700, down 4.23% in 24 hours.
Yesterday still shouting "bull comeback," today directly hammered back to pre-liberation levels.

This market, mainly targeting a cure for all disobedience.

What’s going on? On the surface, it’s a decline, but in reality, it’s “deleveraging.”

Price level.
After breaking below $63, it’s clearly been踩踏.
Over 130k traders were liquidated in the past 24 hours, totaling $659 million, of which $60k were longs.
Is this a correction? No, it’s wiping out longs like chives from the root.

On-chain data is even more heartbreaking.
Exchange BTC net inflow increased, indicating some are depositing coins into exchanges preparing to run.
Selling pressure hasn’t been fully digested yet.

The key is the liquidation map.
The $59,608 below is the gates of hell—if broken, the total long liquidations on major exchanges could reach $130k.
In other words, don’t be fooled by the big drop now; underneath, it’s all “landmines.”

What are institutions doing? BlackRock is “handing over the knife.”

On the surface, BlackRock depositing 2,700 BTC (worth $168 million) into Coinbase seems like good news?
But the reality is—depositing coins into exchanges is most likely for selling or providing liquidity, not “adding positions.”
This is neutral to slightly bearish, don’t get it wrong.

The only good news

On-chain activity is quite lively, with daily trading volume exceeding 820k transactions, hitting a two-year high.
But don’t celebrate too early—80% are “dust trades” below $630, purely data generated by Rune protocol, having nothing to do with big funds entering the market.

Where is the bottom?

$60k - $61,000 is the last fig leaf.
Hold it, and this is the golden pit; can’t hold, and it’s the abyss, heading straight to $59,608 or even lower to liquidate those billions in longs.

What to do specifically?

· Short (trend-following): rebound to around $63,000-$63,500, short one position, stop loss at $64,200, target $61,000.
Risk-reward is worth it.
· Long (bottom-fishing): wait! First touch at $60,500-$61,000, open a small long, and run immediately if it drops below $59,800.
This is a knife’s edge—control position size to half of usual.
· Direction: leaning bearish, don’t oppose the trend.

At this point, do you think it will spike to $60k to get me in, or will it rebound sharply and blow out the shorts?
See the comments for the answer. 👇#以太坊基金会重组降本 $BTC