Here’s our take:
🔹 Historically, such sharp BTC drops used to cause -20% to -40% crashes in altcoins.
Now, some alts are holding, others correcting mildly, and a few are even rallying.
🔹 In the last 24 hours, $840M was liquidated.
Roughly 80% were long positions.
Historically, reversals often start after $1.1-1.3B in total liquidations.
🔹 BTC Dominance (BTC.D) and Tether Dominance (USDT.D) are forming readable, consistent patterns.
👉 Current thesis: BTCUSDT will likely continue its movement inside the falling purple channel.
If price reaches $107-108K, we’ll consider closing our short bot to reassess market conditions.
💬 What’s your perspective? Share below.
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🧠 DYOR | This is not financial advice, just thinking out loud.
