The crash is still not deep enough to buy the dip... Can wait for another 1 to 2 more crashes before buying the cheap
Bitcoin Bloodbath to $60K: Bottom In or More Pain?
Bitcoin plunged 12% on Thursday to a 16-month low near $60,000, before rebounding toward $65,000 as global risk assets sold off. Liquidation data underscore the stress: $1.7B in crypto long positions were wiped out in 24 hours, with roughly 400,000 traders forced out, according to Coinglass. The move suggests a classic deleveraging wave rather than a single-asset shock, tightening liquidity across the complex.
Is this capitulation signaling a tradable bottom?
Does macro-driven risk aversion mean Bitcoin’s downtrend still has room to run?
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