The market in the past two days can be said to be a standard "hellscape of terror."
Just when everyone was still shaken by the panic of deleveraging from a few days ago and proclaiming "it must drop back to 50,000 dollars," Bitcoin ($BTC) suddenly surged with terrifying spot buying after hitting the key support at 61,000 dollars (actually touching the 60.8k-61k range), launching a deep V rebound that peaked above 63,700 dollars!
This extremely fierce comeback immediately liquidated 504 million dollars in short positions across the network, creating the largest wave of short liquidations since the end of April!
1. Has it really stopped falling, or is it still falling? Geopolitics intruded
Although the bulls felt a moment of relief, the rapid escalation of tensions in the Middle East (Israel striking Iranian and Lebanese targets, causing Brent crude oil to spike over 4 dollars, nearing 97 dollars) led to a surge in risk aversion. Bitcoin then made slight downward adjustments, currently stabilizing in a range of 62,000 - 63,000 dollars.
Following yesterday's "slight pullback + quick recovery," opinions among various KOLs on social media have sharply diverged:
Optimists (seeing signs of a stop in decline): The 61k iron floor held beautifully yesterday, and the first wave of liquidity panic and deleveraging has basically ended. With open interest (OI) at a low level, there is no risk of a string of liquidations in the short term, and the short-term target is to look at 65,000 - 66,000 dollars first. Yesterday's "decline" was actually just a minor pullback and quick repair, much milder than the panic around 59k from a few days ago.
Conservatives (seeing box fluctuations): Don't celebrate too early; the selling pressure around 64k is still as thick as a wall, and 63k could become a short-term top at any time. Bitcoin is likely to patiently build a base in the large box of 60,000 - 66,000 dollars. There's also the US CPI core data to be released this week, and geopolitical risks have not been resolved, so don't rush to blindly increase leverage. Wait for ETF funds to flow back or data to materialize before deciding on direction.
2. Faith recharge! MicroStrategy drops 100 million dollars to signal the market
Just when retail investors were hesitating if this was a "rebound" or a "pullback," the man who was rumored to have "sold 32 Bitcoins" a few days ago—MicroStrategy's leader Michael Saylor—gave the shorts a resounding slap in the face.
The official latest announcement revealed: MicroStrategy, instead of conceding defeat in the past week, went on a buying spree of 1,550 BTC (worth about 100 million dollars)! They also raised another 181 million dollars through stock issuance, preparing to continue to load up.
Saylor himself directly posted on X (Twitter) implying: "Now is the perfect time to buy more."
The big shot is using real money to tell you: The previous small amount of selling was purely financial adjustments; now the billion-dollar buyback is the real strategic direction. The big players are frantically picking up bloody chips between 61k-63k, and faith has been recharged in a second!
3. Strike while the iron is hot! Bybit Airdrop Crazy Wednesday: 100% win, first come first served
Since Bitcoin has strong long-term support and is currently fluctuating wildly around 63k, for us contract traders and spot traders, this kind of "fluctuation with support" is a natural money printing machine.
What's even better is that this week coincides with Bybit's official massive benefits return— the "Airdrop Crazy Wednesday" event!
You don’t have to take on any high risks; we can completely ride the wave of Saylor's buying spree, buying BTC on dips or opening a low-leverage derivatives position on Bybit, doing both long/hedging and taking advantage of the official short benefits.
Sign up for the event with one click:
https://jump.do/zh-Hans/xlink-proxy?id=15
🎁 Core gameplay for Crazy Wednesday:
Event time: June 3 10:00 to June 9 23:59 (UTC). We are now in the final crazy countdown sprint stage; time is very tight, truly a "first come first served."
Hardcore mechanism: As long as you complete the extremely simple tasks, you can obtain lucky draw opportunities, which are guaranteed to win at 100%, every time!
Ultra-low threshold: Derivatives cumulative trading volume greater than $100, you can directly get 1 valuable draw opportunity!
Brothers, just buy a little BTC or open a derivatives position of 10 dollars with 10x leverage, and you can easily meet this 100-dollar trading volume threshold in a second and draw once. Just a quick click, take the airdrop benefits and the guaranteed draw opportunity without missing out, go for it!
4. Reach directly in 3 minutes, first get the 30,000-dollar bulletproof vest
Bitcoin can no longer fall; the big players are recharging, and the platform's benefits are already at hand. If you are not yet a Bybit user or your account is not ready with bullets, hurry up to secure the current welcome benefits and stack them with Wednesday's airdrop:
Standard welcome gift package: Register using the exclusive invitation code to complete KYC, complete the corresponding deposit and trading tasks, and unlock up to $30,100+ USDT in experience funds along with exclusive fee discounts, using the platform's funds for trading volume!
P2P deposit 10 billion subsidy: First deposit starting from 10 USDT, you can draw vouchers up to 99 USDT, and enjoy discounts up to 99% on the first order, swiftly convert funds to prepare for buying the dip.
One-click to start Wednesday's crazy airdrop:
1. Click the exclusive link to register:
https://jump.do/zh-Hans/xlink-proxy?id=15
2. Be sure to fill in the Chinese exclusive invitation code when registering: 34429
3. After depositing, buy BTC or open a position in the derivatives section; reach a trading volume of 100 dollars immediately head to the "Crazy Wednesday" page for a draw!
500 million in shorts have already been wiped out, and Saylor's 100 million dollars is solidifying the defense line. Don't be a spectator in this fluctuating market; adjust your Bybit leverage, and let’s grab the 100% winning airdrop tonight!
Join our community to discuss and become stronger together!
Official Telegram community:
AiCoin Chinese Twitter:
Bybit benefits group:
https://aicoin.com/link/chat?cid=7JmRjnl3w
⚠️Disclaimer: The above content is for reference only and does not constitute any investment advice. Trading in digital assets and derivatives carries high leverage and high volatility risks; geopolitical and macroeconomic data may trigger severe market fluctuations. Please make sure to participate rationally based on your capacity for risk and strictly implement risk control. The activity rules are subject to official announcements from Bybit.
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