Danielle Fong 🔆#317
BREAKING: Bitcoin officially falls below $60,000 as selling pressure accelerates.
Total levered crypto liquidations are now up to $1.5 billion over the last 24 hours.
Positive users see Bitcoin's drop below $60,000 with $1.5B liquidations as a strong buying opportunity and bullish signal, while negative users call the asset dead or dismiss reports as fake news.
@KobeissiLetter But I was told...
@KobeissiLetter $1.5 billion wiped out in a day usually means the.
@KobeissiLetter $BTC back to $61k+ now cry hard who shorted 🤣🤣🤣🤣
@KobeissiLetter
@KobeissiLetter 🚨 Bitcoin below $60K. 🚨 $1.5B liquidated.
Crypto market every few months: "This has never happened before!" Bitcoin veterans: "See you at the next all-time high." 🍿
@KobeissiLetter $60K broken and $1.5 billion liquidated means the leverage is finally leaving the building. Clean markets bottom faster than leveraged ones every forced liquidation is one less seller standing between here and the recovery. The pain is real, but so is the reset.
📊Grok Q&A: I asked @grok
What are the primary macroeconomic and sector-specific drivers behind Bitcoin’s drop below $60,000 (e.g., U.S.-Iran geopolitical tensions raising inflation concerns and delaying Fed rate cuts, MicroStrategy/Strategy’s first BTC sale in years, and sustained spot ETF outflows exceeding $2–3 billion recently), and how do they interact with leveraged positioning?
With over $1.5 billion in crypto liquidations in 24 hours (predominantly long positions), what does the scale of deleveraging signal about current market structure does it indicate a healthy flush of excess speculation that could set up for stabilization, or does it risk cascading further downside if open interest remains elevated?
How does this ~50% drawdown from Bitcoin’s late-2025 all-time high (~$126,000) compare historically to prior post-halving cycles in terms of depth and duration, and what on-chain metrics (e.g., unrealized losses, miner behavior, or holder capitulation) suggest about whether $60,000 represents strong support or a potential breakdown level?
@KobeissiLetter Gives me PTSD 😔
@KobeissiLetter
@KobeissiLetter
Bitcoin's slide below $60k stems from US-Iran tensions delaying rate cuts, record ETF outflows, and Strategy's BTC sale — all hitting leveraged positions, causing $1.5B liquidations.
Deleveraging clears speculative froth (healthy), but high OI risks more pain.
~52% drawdown from $126k ATH is sharp vs. history's deeper post-halving corrections.
On-chain: >50% supply in losses; realized price supports $60k. Miners accumulating — points to solid support barring further capitulation.
@KobeissiLetter My strategy plan 🚀
🔻
@KobeissiLetter "Don't panic. Every crypto guru is about to explain why a 20% crash is actually bullish." 🤡📉
@KobeissiLetter All thanks to saylor selling, the mass sell-off continues.
Saylor is definitely a network negative for crypto.
@KobeissiLetter Below 60K and 1.5 billion liquidated in a day.
Every cycle ends the same way. Too much leverage meets a bad macro and the longs get marched out one stop at a time.
@KobeissiLetter everyone levered long at 60k swore they were the smart money
The drop to $60K flushed out most of the leveraged bets, so a short-term bounce to around $64–66K is possible. But unless fresh money comes in, especially through Bitcoin ETFs, that rally may not last. Big investors are still cautious, trading volumes are low, and Bitcoin could stay stuck in the $60–66K range for a while. Until ETF inflows return, expect more sideways action than fireworks.
@KobeissiLetter Institutions exited, Whales dumped and Borrowed money blew up. $1.5 billion liquidated in 24 hours. Bitcoin just didn't crash, it got abandoned.
@KobeissiLetter Is it over for $BTC?
@KobeissiLetter Harmonic Patterns -> Bitcoin
I believe that a longer movement will perform the Harmonic below:
#Bitcoin is developing a POSSIBLE Harmonic with Point D projected at 37k.
** This is not a suggestion to buy or sell. 🤔 _