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Bitcoin’s move this time was more thrilling than a horror movie.
SBTC suddenly plunged within just 15 minutes, hitting a low of $73,510 before quickly rebounding. One second, you’re imagining the bull market continuing; the next, your account may already be playing sad background music.
What’s most shocking is the liquidation data: in just one hour, about $745 million worth of positions across the market were liquidated, including about $715 million in long positions.
What does this mean? A large amount of capital betting on a price rise was cleared out all at once, and the once-bustling ranks of the bulls suddenly got a lot quieter.
But interestingly, the price didn’t keep falling—it rebounded quickly instead. This has sparked two very different views in the market.
One view is that high leverage has been flushed out en masse, easing short-term selling pressure and potentially creating conditions for a rebound.
The other view is that a quick rebound doesn’t mean a trend reversal. If the $73,000–$75,000 range can’t hold, greater pressure could still follow.
Put simply, the market is like an exam right now: the bulls just handed in a blank paper, but bears shouldn’t rush to celebrate either—the next question hasn’t been given yet.
Buy the dip or wait and see? The key isn’t guessing the bottom, but seeing whether the market can truly hold steady. $BTC