The MSCI index removal risk has just been lifted, and the market has experienced a wave of adjustments. I heard that some influential figures predicted this would be a prelude to subsequent gains, and the prediction indeed came true—Bitcoin went through a washout of leveraged liquidations in the last cycle.

From on-chain data, many OG players have been reducing their positions near $100,000. This sounds like selling pressure, but from another perspective, it actually indicates that chips are being lightened continuously. Leveraged liquidations have cleared out the fragile longs, leaving behind truly patient holders.

The behavior of market participants reveals a signal: short-term volatility often serves as a stepping stone for medium-term trends. Looking at the candlestick patterns, Bitcoin is likely to experience a stronger upward momentum after this correction. After all, markets that clear out floating chips and remove leverage tend to move with more power. Whether this wave can develop into a parabolic rise depends on whether it can break through the previous key resistance level.