Rapid Sell-Off: 117k BTC Sparks Quick Plunge
I see a rapid plunge after a quick offload of 117,000 BTC that pushed price sharply lower.
I think the concentrated sell created a liquidity gap and amplified stop losses, increasing short-term volatility.
I'm cautious here and prefer to avoid initiating longs until I see clear stabilization or confirmatory buying volume.
Analysis
Recommendation
I recommend selling or staying out of new long positions until volume confirms stabilization or a credible retracement; reassess after clear support forms and buying interest returns.
Disclaimer
The Analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.