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The current range now... is basically a painful trap.
Everyone sits comfortably in the middle, thinking they are safe. Actually, they are not.
If the price breaks above the 74.9K high, that’s where the bears are cleared—about $135 million quietly waiting. Easy fuel.
But what I really care about... is what happens afterward.
Because below, near 66.2K, there are still about $90 million in longs that haven’t been punished.
The market usually doesn’t let this liquidity go unaffected.
Honestly, it feels very similar to 2022. The same setup—initial upward move, squeezing out the shorts, making everyone tilt in the wrong direction... then reversing and clearing the lows.
Not to say it has to develop exactly like that.
But if you’ve gone through a few cycles, you know how it works.
Both sides get hurt. It’s just a matter of the order.
$BTC $BTC $TAO $RAVE