Tuesday turned out to be a turbulent day for Bitcoin—noticed that the price made a sharp jump after it touched a 14-month low. Such moves always trigger a cascade of liquidations, and this time, about $740 mln positions were affected.

It’s interesting to watch how technical recovery unfolds in moments like these. When the price sharply bounces off support, it often leads to a wave of forced closures of shorts and longs. It seems that’s exactly what happened on Tuesday.

Such volatility is a reminder of why it’s important to closely monitor technical levels and manage risk. Silver in the price teaches these lessons—when you see just how quickly the market situation can turn around. Bitcoin continues to show that it remains one of the most unpredictable assets.