Bitcoin has shed leverage and speculative players in the last 24 hours. The total amount of liquidations exceeded $2 billion, with the largest order nearing $222 million.
The liquidation map shows that there is a dense liquidity zone at the 70,000-71,000 level. Players who have not locked in profits may find themselves in stop-losses, and those without them will be liquidated. In my opinion, they are driven by greed.
The next important point after the current price of 77,507.66 is 74,896. Yesterday, Bitcoin didn't even touch it. From here, a reversal is possible, but if this level is broken, as I mentioned earlier, we watch the level of 71,000 where a large liquidity block is located.
Bitcoin is not scared by its decline.
Right now, the market is only showing how Bitcoin disciplines players and cleans up excess leverage. After all, this asset is for investment, not speculation.
The market loves discipline and patience. By following these two rules, it will reward you abundantly.
#WhenWillBTCRebound #Write2Earn
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