Post #11607

🚨 $2.68B liquidated in 24 hours – while BTC briefly went under $60k Bybit leads liquidations at $693M, followed by Hyperliquid at $657M and Binance at $405M – cascading margin calls, with 86% of all liquidations being longs. Bitcoin has now lost 51% from its $126k ATH – erasing $1.2T in value. Shaking around $60k now, its the deepest drawdown for $BTC since the 2022 bear market. What could trigger this: - Treasury Secretary Bessent testified on Feb 4 that the government has "no statutory authority to purchase cryptocurrencies with taxpayer funds" – killing the strategic BTC reserve narrative - Kevin Warsh's Fed Chair nomination signals sustained hawkish policy - $544M in spot $BTC ETF outflows yesterday alone; $1.6B net outflows in January - Strategy $MSTR now underwater on its entire 713k $BTC position with avg cost ~$76k, and reporting $12.6B Q4 loss - $BTC broke below its 365-day moving average for the first time since March 2022 Fear & Greed Index at 9. Such an Extreme Fear has historically preceded the strongest recoveries. But first, the market needs to find a floor. @TOP7ICO