Bitcoin just crashed from $112K → $104K in 24 hours, liquidating $406 MILLION worth of positions.
Retail traders? Absolutely destroyed.
But here’s what they won’t tell you on Crypto Twitter.
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THE CARNAGE (Real Numbers, Zero Sugar-Coating)
Liquidation breakdown:
• Total wiped: $406.6M
• Long liquidations: $386M (≈95% of total)
• Short liquidations: $20.6M (barely a scratch)
• Biggest single victim: $33.9M BTC-USDT long on HTX
Translation: Retail went all-in long at $110K+, got liquidated on the way down. Classic.
Hyperliquid led the massacre with ~$374M in forced closures. Binance and Bybit cleaned up the rest.
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WHAT WHALE WALLETS ARE ACTUALLY DOING (While You Panic)
Everyone’s screaming “Bitcoin’s dead!”
But on-chain data tells a different story:
Whale activity (last 48 hours):
• Net inflow to exchanges = short-term bearish (whales repositioning)
• Ancient dormant wallets waking up — 6,000 BTC ($644M) moved from Bitfinex → unknown wallet
• Miners dumped $172M BTC (largest outflow in 6 weeks)
The nuance nobody mentions:
These aren’t panic sells. These are strategic repositioning moves.
OG holders taking profit after holding since $500.
Smart money doesn’t panic — they execute.
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TECHNICAL REALITY CHECK
Support levels destroyed:
• $108K support? Gone.
• $106K trendline from June? Broken.
• Now testing $104K (4th retest = danger zone)
Next support if $104K fails:
→ $100K–$103K (psychological + previous consolidation)
→ Below that? $96K, then $90K
Resistance if we bounce:
→ $106K–$108K (now resistance)
→ $110K–$112K
→ $115K (max pain for Nov options expiry)
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THE FEAR & GREED INDEX DOESN’T LIE
Current reading: 21 (EXTREME FEAR)
Yesterday: 42 (FEAR)
Last week: 50 (NEUTRAL)
Last month: 74 (GREED)
Change: –21 points in ONE DAY
Last time we saw this level?
→ April 9, 2025 (index hit 18 during geopolitical chaos)
Historical pattern:
When Fear Index drops below 25, Bitcoin typically enters an accumulation phase within 7–30 days.
Not guaranteed, but historically probable.
Contrarian signal:
When retail capitulates (Fear Index 21), smart money accumulates.
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WHY THIS HAPPENED (The Macro Backdrop)
Fed cut rates 0.25% on Oct 29 (second cut in 2025) BUT:
• Powell signaled “no more easy cuts.”
• Compared policy to “driving in fog” (translation: we’re guessing).
• Dollar Index rose → risk-off sentiment.
• Stock market: mixed signals, volatility spillover into crypto.
No major regulatory FUD.
This is pure technical correction + profit-taking + overleveraged retail getting wrecked.
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MY TAKE (Unpopular Opinion Incoming)
This is a healthy correction, not the apocalypse.
Why:
✅ Liquidations flush out overleveraged longs (good for market health)
✅ Fear Index 21 = historically bullish reversal zone
✅ Whale activity = repositioning, not exodus
✅ No external black swan (just Fed caution + profit-taking)
BUT:
⚠️ If $104K breaks with volume → next stop $100K
⚠️ Miner selling ($172M) adds sell pressure
⚠️ Risk-off macro sentiment could persist
The play:
If you’re long-term bullish → $104K–$100K is your DCA zone.
If you’re trading → wait for $104K to hold or break before entering.
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WHAT TO WATCH NEXT 24–48 HOURS
🔍 $104K support hold or break (critical level)
🔍 Whale exchange netflow (inflow continues = more downside)
🔍 Fear Index recovery (bounce from 21 = capitulation bottom signal)
🔍 Miner selling slows down ($172M dump right now)
🔍 Options expiry Nov 29 ($115K max pain = magnet effect?)
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THE UNCOMFORTABLE TRUTH
Retail panic-sold at $104K.
OG holders repositioned at $104K.
Who do you think wins long-term?
Market doesn’t reward emotional decisions.
It rewards patience and data.
Question for you:
Are you panic-selling into Fear Index 21, or are you buying what panicking retail is dumping?
Drop your play in comments.
No judgment — just curious who’s thinking contrarian right now.
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#Bitcoin❗ #Liquidations #marketcrash
#fearandgreed #CryptoNewss
