Bitcoin Liquidated $550M in Longs — The Bottom Was Assumed
Bitcoin liquidated roughly $550M in long positions — but the market still couldn't hold $84K.That matters because a liquidation event only tells us who was forced out. It does not prove durable buyers have stepped in.In this episode, IM7 Intelligence breaks down Seller Substitution, the failed reclaim, and why traders often mistake the removal of bad positioning for confirmation of a bottom.Full article:https://im7intelligence.com/articles/bitcoin-liquidated-550m-longs-bottom-was-assumedSupport the showIM7 IntelligenceDaily crypto psychology, market behavior, sentiment analysis, and Bitcoin…
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