Bitcoin’s 60K Shakeout Was a Trap Here’s Why
Bitcoin just pulled a classic liquidity sweep. After crashing to 60K to 61K lowest since late 2024 panic selling and forced liquidations wiped out overleveraged longs. Fast forward 24 hours $BTC ripped back above 70K posting a 10 to 17 percent intraday rebound.
This was not luck it was strong dip buying at a key macro support. Smart money stepped in while fear peaked. The rebound also sparked double digit gains across crypto stocks like MSTR MARA and COIN confirming risk appetite is still alive.
What this means
• 60K acted as a major demand zone
• Weak hands got flushed structure reset
• Volatility remains high expect more fakeouts
Bitcoin did not enter a crypto winter. It just reminded the market who is in control.
