BTC dipped under $106K đ Whatâs behind the move, and whatâs next? đ
BTC sliding from $107K â $105K freaked a lot of people out â everyone thought some big news dropped. But nope⊠it was just a classic long squeeze. đ§
Too many traders were over-leveraged on longs, and once BTC slipped under short EMAs, liquidations started flying. Open interest dumped, taker sell volume spiked â boom, longs wiped out in seconds. đ„
Nothing crazy, just the market clearing out the greedy positions before the next move.
As long as BTC holds the $104K zone, structureâs still solid. đȘ
This looks more like a shakeout than a trend change. So keep leverage low, stay chill, let weak hands panic â the bounce usually comes right after. đ