$BTC – Looking For A New Bottom? 🧠📉
BTC just dropped from 68.2k → 67.4k
Strong 5m sell pressure.
But the real story is in positioning.
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📊 What The Data Shows
🔻 Open Interest dropping
🔻 Taker sell volume spiking
🔻 Long/Short ratio rising (more longs opening)
🔻 Funding neutral (0.000%)
Translation:
• Shorts are taking profit
• Some longs are stepping in too early
• Liquidations likely just happened
• Market is de-leveraging
This is not panic…
This is a reset.
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📉 Is BTC Looking For A New Bottom?
Key zone: 67.3k–67.4k
If this holds:
• Short-term relief bounce possible
• Shorts may get squeezed
• Altcoins get temporary relief
If this breaks:
• 66.8k–67k liquidity area
• Altcoins likely bleed harder
• Weak alts will dump first
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🪙 What This Means For Altcoins
When BTC searches for bottom:
1️⃣ Strong alts consolidate
2️⃣ Weak alts accelerate down
3️⃣ Meme coins get volatility spikes
If BTC stabilizes →
Altcoins can bounce aggressively.
If BTC keeps sliding →
Altcoins usually drop 1.5–2x faster.
Right now:
BTC is flushing leverage.
Not full trend reversal yet.
Watch reaction at support.
That decides the altcoin direction.
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#BTC #crypto #altcoins #BinanceSquare #SmartMoney
