Bitcoin don break $76k, ETH dey test $2k as $134M liquidations land
Bitcoin drop come down from di $78k area and break under $76,000, turning short-term momentum bearish. Ethereum kon drop and lose $2,100, now dey test di $2,000 psychological support. Di selloff trigger sharp derivatives wipeout: for di past 4 hours, total crypto liquidations reach about $134M, with long liquidations around $122M (over 90% of di total), wey force many bullish positions to close. Traders dey watch whether Bitcoin fit reclaim credible support near $75k and whether ETH fit hold $2,000. With volatility high, high-leverage long risk still high, and any further breakdown fit extend di liquidation cascade.
Bearish
Di movement down pass key levels (Bitcoin under $76k and ETH under $2,100) plus heavy long liquidations ($134M total; ~ $122M longs) dey show say traders wey take leverage dey forced comot from bullish positions. That kain dynamic dey often increase short-term downside pressure because e fit quicken selling and leave di remaining longs with less room to make mistakes.
For short term, traders fit still see volatility until price regain support (Bitcoin around $75k; ETH around $2,000). For long term, if support hold and liquidations calm down, market fit stabilize; but di current setup still fragile, so immediate price impact expected to be bearish for Bitcoin and ETH.