Blood flows like a river! 148,000 traders liquidated with $280 million, BTC holding firm at $70,500! Bottom fishing or fleeing for life?

Brothers, beware of the early morning massacre! Just this morning, influenced by geopolitical news such as the U.S. military blockade of the Strait of Hormuz, market panic intensified. BTC briefly plunged rapidly, touching the critical level of $70,500.

💥 Harsh data:

In the past 24 hours, a total of 146,815 people worldwide were liquidated, with total liquidation amount reaching $281 million, of which long positions accounted for 72%.

The Fear & Greed Index has dropped to 16, indicating the market is in extreme panic.

🎯 Key levels and strategies:

Bullish defense line: $70,000 - $70,500 has become the most important psychological and technical support zone for the day. If volume breaks below this, the next support could directly target the $68,000 area.

Rebound resistance: The primary resistance above is at $71,500 - $71,800. Without volume breakout, the market remains under bearish control.

My view: Short-term sentiment is dominated by macro factors, and technical signals have failed. In such extreme market conditions, controlling your position size is the top priority. Do not blindly hold heavy positions for bottom fishing; patiently waiting for market panic to subside and for price stabilization signals is wiser.

Did you dodge this wave of sharp decline? Or were you unfortunately caught? Like, follow, and share your real positions and trades in the comments—let’s huddle together for warmth!
$BTC