Bitcoin final leverage flush below $80K is possible, warns analyst

💡 DMK Insight

Bitcoin’s liquidation event isn’t over yet, and here’s why that’s crucial for traders: The analyst’s warning about potential price movement between $70,000 and $80,000 highlights the risk of further volatility. If remaining leverage is still in play, we could see significant price swings as traders react to margin calls. This situation is reminiscent of past liquidation events where rapid sell-offs led to sharp recoveries, but the key here is timing. Traders should be on the lookout for key support levels around $65,000, as a breach could trigger a cascade of liquidations. Conversely, if Bitcoin manages to hold above this level, it could pave the way for a rally towards the upper range mentioned. But let’s not ignore the flip side: if the market sentiment shifts negatively, we might see a deeper correction. Monitoring open interest and funding rates will be essential to gauge market sentiment. Keep an eye on the next few days; if we see a spike in liquidations or a significant change in trading volume, it could signal the next move. The volatility is real, and traders need to be prepared for both scenarios.