âđš THE $70B FLUSH: Is Bitcoin Heading for $70k? đ
âThe crypto market cap just lost $70 BILLION in 2 hours. We are now sitting at $2.51Tâthe same valuation as the entire Russian economy. This is a massive deleveraging event. đ§”đ
â1ïžâŁ What Happened?
The nomination of Kevin Warsh for Fed Chair has the market terrified of "higher-for-longer" rates. The Dollar is pumping, and Gold/Crypto are dumping in tandem.
â2ïžâŁ The Liquidation Trap
Over $1.6B in longs and shorts were wiped out today. 93% were longs. The "long-squeeze" we warned about at $85k has officially played out.
â3ïžâŁ Technical Floor
$BTC is fighting to stay above $77,000. If we lose this, the next major support is at $73kâthe logical spot for a contrarian long entry.
âđĄ Strategy: Avoid high leverage. This is a "falling knife" market. I am watching for a daily close above $80k to confirm the bottom. Until then, stay in stables or spot only.
âWhatâs your move? Buying the blood or waiting for $70k? Letâs talk in the comments! đ
â#BTCè”°ćżćæ #cryptocrash #BinanceSquare #MarketUpdate #MujtabaXBT #writetoearn #KevinWarsh #Liquidations$BTC $ETH