$BTC - What’s Next for Crypto?

In the most recent dump, roughly $19 billion worth of leveraged crypto positions were liquidated within 24 hours, with around $17 billion coming from longs. Shorts accounted for a much smaller portion.

The liquidation cascade tore through the market, forcing positions to close en masse. It wasn’t just a typical sell-off — it was a violent, systemic deleveraging. A complete reset. All that excessive, unstable leverage that had made the market so fragile was flushed out in one brutal move, a classic liquidation flush and rebalance.

Now that the dust is finally settling, the big question is: what’s next for crypto?

I’m expecting price action to move sideways for a while as the market rebalances. It could take about a month before a new, clear trend starts to emerge.

We could see price filling imbalances up to the 114–115k zone, then ping-ponging back down to 108–107k. That said, I’m leaning toward the likelihood of a pullback to around 104k.