$BTC

This shorting move took a long time of waiting before finally catching that pressure moment at the high. Before that, the price repeatedly surged and fell back; many people saw strength and started chasing. I, however, felt that the sell pressure above hadn’t truly been digested, and the short thesis hadn’t been invalidated. After confirming the direction around 5.542, I didn’t rush to smash the sell order. Instead, I waited until the rebound proved again that it had no follow-through, and then let the shorts and longs switch over in step. That grinding “millstone” phase in the middle was indeed pretty tormenting—prices poked through a few times and nearly washed my patience out. Later, when the market moved up to 4.566, the order-book feedback finally became clear. Going long went smoothly and captured this leg of the decline, with the result showing +848.1%. What I’m most relieved about this time isn’t the number—it’s that I didn’t change my judgment just because of short-term chop. After spending enough time in crypto, you learn that just because the high looks lively doesn’t mean it can keep pulling. What really lets you hold a short position isn’t impulsiveness, but seeing that the bid support has already weakened, and being willing to wait patiently for the answer. $BTC $ETH

$BTC 💡 Idea of the Day The market is gripped by **Fear** (FNG 29) with a staggering **$76.4M in liquidations**—100% from long positions. This signals aggressive retail capitulation as leveraged bulls are forcibly unwound. Similar setups on May 31 and Jul 20 each saw FNG 28-29 with 100% long liquidations, often preceding local bottoms. For traders, this extreme flush can mark a short-term exhaustion zone, but confirmation of support must follow before entry. ⚠️ **Risk: 8/10** — Heavy long liquidation suggests cascading deleveraging; further downside is possible if buy-side liquidity fails to absorb the selling pressure. 📊 Key levels: • BTC: $63,000 / $65,000 • ETH: $1,900 / $1,900 DYOR | Not financial advice