$745 million evaporated in one hour! BTC longs brutally liquidated—can $73k hold?

If bull markets get people excited, liquidations bring them back to reality.
BTC suddenly plunged, hitting a low of $73,510 within 15 minutes before quickly rebounding. However, this price roller coaster liquidated around $745 million in positions across the market, including approximately $715 million in long positions.
What does this mean? Leveraged long positions in the market have undergone a round of concentrated liquidations.
When prices fall rapidly, leveraged longs are forced to close, and forced selling can further amplify the decline. The market is like a crowd rushing downstairs: when someone at the front falls, those behind them can lose their balance too.
Now, investors are most concerned about whether the $73k–$75k range can hold.
If BTC can regain a foothold in this area and spot trading volume improves, this drop may have been just a sharp shakeout.
But if the rebound lacks strength and prices continue to fall below key support, the market should watch out for a deeper correction.
Don’t rush to buy the dip, and don’t rush to declare that a bear market is here. The market is best at making people who jump to conclusions too early pay the price.$AMD

‌#70%山寨币跌破200日均线