Bitcoin cracks below $80,000 as liquidations hammer leveraged bulls. smells blood, calls for $75,000 and warns ETF investors trapped until Monday could face a brutal weekend.
Florida congressman and gubernatorial candidate Byron Donalds says governments should hold #Bitcoin as a strategic reserve.
"I definitely think it has a commodity play, and a hedge against central banking and monetary policy is probably its highest use.
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BTC $82,609. Shorts just paid $3.0M in the last hour. Longs paid $70K.
That squeeze ran into a wall: $178M of longs parked at $82,392. 0.26% under.
Shorts above? Nearest real pool is $186M at $84,003, 1.7% away.
24h: $429M longs flushed vs $69M shorts. 63.6% of OI still long.
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We're entering the final rejection next week.
Bitcoin has repeated the same bull-trap pattern 3 times.
The plan is simple:
$78K → $73K → $67K → $60K → $55K
And that’s when the real bull run begins.