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: Bloody Sunday and the Stop-Loss Hunt
Market capitalization: $1.54 trillion.
Bitcoin is the king of crypto, but even kings get knocked off their thrones sometimes.
🟡 Over the weekend, BTC broke through $80,000, then $78,000, and briefly dipped to $74,000 – levels we haven't seen since April 2025.
What happened❔
🗣Trump nominated Kevin Warsh for Fed Chair – the market got spooked by hawkish monetary policy expectations.
🗣Thin weekend liquidity turned an ordinary sell-off into a liquidation cascade.
In 24 hours, the market lost $2.5 billion in forced closures – the largest wave since the October crash.
🗣The Fear & Greed Index plunged to 14 – "extreme fear," something we haven't seen since the FTX collapse.
🗣Interesting point: Michael Saylor's Bitcoin strategy is now underwater. MicroStrategy holds 712,647 BTC with an average purchase price of $76,037 – at current prices, the company is sitting on paper losses of around $900 million.
🗣But there's a silver lining: according to Fundstrat analysts, the $76,000 level is a "line in the sand" for institutions – this is where the cost basis of major corporate holders sits. Historically, such levels become accumulation zones.
Trade targets:📈📉
📈 Consolidation above $80,000 – first sign of reversal, opens the path to $85,000.
📉 Break below $74,000 – risk of falling into the $65,000-70,000 zone.
Conclusion:
The weekend washed out excessive leverage and scared off weak hands. But who said you can't make money on fear? Smart money is already eyeing buying opportunities.
📈 Open trade with $BTC 🔗 Chat • X • JioCoinsX