Bitcoin just ran a clean two-sided sweep, and anyone trading heavy leverage felt it.
First move: price ripped toward $70K, squeezing roughly $65M in shorts. Momentum flipped fast. Bulls stepped in. Then the reversal hit.
BTC dumped below $67K, liquidating nearly $290M in longs. That wasn’t random. That was leverage concentration getting cleared — efficiently and deliberately.
Now the board resets.
🔎 Short-Term Magnet:
Liquidity is rebuilding around $65K–$66K. That pocket could still get tagged if sellers push one more time. It’s unfinished business.
📍 Bigger Target Above:
Heavier exposure sits between $71K–$74K. That’s the thicker liquidity cluster. If bulls stabilize and reclaim structure, rotation toward that zone becomes structurally reasonable — not emotional bias.
Here’s the part most traders ignore:
Markets don’t chase narratives. They attack leverage.
Both sides just got punished. That’s classic rebalancing. After dual liquidations, price often rotates toward the next dense liquidity pocket — but only if momentum confirms.
Now the real question isn’t “bullish or bearish.”
It’s this:
Was that enough pain to reset positioning… or does price need one more sweep before expansion?
Watch reaction at $65K–$66K.
Watch reclaim attempts above $70K.
Watch velocity.
Liquidity decides. Not opinions.
