💰 The price has remained sideways near $116K, leading to a buildup of high-leverage long and short positions.

With next week’s rate cut decision and rising geopolitical tensions this month, market volatility likely resulting in liquidations on both sides.

A decline toward $103K (-10%) could trigger approx $16 billion in liquidations, while an pump to $120K (+5%) could lead to about $6 billion in liquidations.

Our strategy Short below $116K and shifting to long above $116K.

💰 No major move despite the bullish rate cut news.

We remain short below $116k and long above $116k.