Bitcoin just executed a textbook two-sided liquidity sweep.
First, price spiked toward $70,000, triggering roughly $65M in short liquidations. Shorts got squeezed. Momentum flipped. Then came the trap.
$BTC reversed sharply and flushed below $67,000, wiping out nearly $290M in long positions. That wasn’t random volatility — that was leverage getting cleared on both sides.
Now the map is resetting.
There’s fresh liquidity building between $65,000–$66,000. That zone acts like a magnet in the short term and could still be tagged if sellers push once more. But zoom out, and the bigger liquidity pool sits higher — $71,000–$74,000 remains stacked with heavier exposure.
Markets don’t move emotionally. They move where leverage is concentrated.
After both sides get cleared, price often rotates toward the thicker cluster. If bulls stabilize here and reclaim momentum, the path toward $74K becomes structurally logical — not hopeful.
This is leverage rebalancing in real time.
The real question now:
Was that the full reset… or is one more sweep needed before expansion?
Watch the levels.
Watch the speed.
Liquidity decides the direction.
