🚨BTC Liquidation Alert!🚨
This latest dump in BTC is likely the final sweep of available liquidations, with minimal remaining sell-side pressure. However, a significant amount of buying pressure is building at the $70,000 level, with billions of dollars worth of liquidity waiting to be tapped.
Three possible scenarios emerge:
1. BTC rallies to $70,000 as buyers absorb the remaining liquidity.
2. Whales seek a deeper correction to buy the dip and push BTC to new all-time highs.
3. Whales engage in a bitter struggle, working against each other and causing BTC to consolidate and stagnate, grabbing liquidity without a clear direction.
Remember to always do your own research (DYOR) and stay informed to navigate these market dynamics effectively.