Just noticed something interesting in the charts - Bitcoin's RSI tanked to 17.6 this week during all that liquidation chaos. For context, that's only been lower twice in BTC's recent history: the 2020 Covid crash (15.6) and the 2018 bear market bottom (9.5). Both times, we saw absolutely brutal recoveries after. In 2018, BTC went from $3,150 to $13,800 in 8 months. In 2020, it rallied from $3,900 to $65K over a year. The technical indicator is basically screaming oversold right now, and with over $1.5B in derivatives liquidations this week, the market looks pretty washed out. Traders who usually panic-sell in these conditions might actually want to pay attention - the opportunity could be setting up. Price has already bounced to $72.69K, so maybe the pattern is playing out again.

BTC0,13%
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