If right this is a 5x. If wrong I lose 20%. The asymmetry makes this mandatory.
The most obvious trade is usually the right trade. Everyone sees it but nobody takes it full size.
Binary bet: this level holds and we go, or it fails and we revisit lows. I'm betting former.
I don't fear the liquidation price. I respect it. Very different things.
The $171M bitcoin ETF outflow paired with BTC sitting at 67756 creates an asymmetric risk/reward setup: downside risk is capped at maybe 5-8% to 62k support, but if we hold here and institutional buyers step in, we're looking at 15-20% upside to 78-80k. I'm watching the 24h volume on this dip to see if weak hands are actually capitulating or just noise.
Wire Ridge
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