#BIRB Long Liquidation Update
The market caught a lot of traders off guard today.
Around $5.25M in BIRB long positions were liquidated at $0.19891. That’s a serious wipeout.
Anyone using high leverage on the long side got hit hard. This looks like a classic liquidity sweep — push the price down, trigger stop losses, liquidate overleveraged traders, and then see what happens next.
So what’s next for BIRB? 🤔
If the $0.19 – $0.20 zone holds:
We could see a relief bounce. A move back toward $0.21 – $0.23 is possible, especially if volume comes in strong. That would suggest the flush cleared weak hands.
If that level breaks with momentum:
Then we might see price drift toward the $0.17 – $0.18 demand area. That would mean sellers are still in control.
My honest take:
Right now isn’t the time to trade emotionally. After big liquidation events, volatility usually stays high.
• Wait for confirmation
• Watch volume closely
• Avoid overleveraging
• Protect your capital
Sometimes these flushes mark local bottoms.
Other times, they’re just the beginning of a bigger move.
Patience wins in this market.
Are you buying the dip or staying on the sidelines? 👀
