After a tiny Bitcoin bump over the last few days, retail traders have opened massive leveraged longs expecting a breakout, despite prices trending downward for the past couple of months. 800 million worth of longs will be liquidated if BTC falls to $110k. That grows quickly as prices drop: around 2 billion at $105k, 4 billion at $100k, and 7–8 billion if we hit $95k. Leverage cascades can get brutal fast. As always, be careful using leverage (long or short) on Bitcoin. Remember, nearly all exchanges are unregulated and essentially rigged poker tables where they can see all your cards. They intentionally manipulate prices up to lure sheep back in, before rugging it, to trigger liquidations.(Jacob King)