BTC price at $65461 triggers second liquidation for address 0x8c96e5a2d770f9f2c9d2464ce4e741df0b2bca57, 1152 BTC short now $1.28M underwater at $65232.5.

According to @BullTheoryio, since the Oct 10 sell-off U.S. stocks are up roughly 25% while BTC remains about 8% lower, creating a sharp divergence (source: @BullTheoryio, Dec 6, 2025). According to @BullTheoryio, BTC traded closely with the Magnificent 7 for most of the year before a post–Oct 10 correlation breakdown (source: @BullTheoryio). According to @BullTheoryio, the break followed what they call crypto's biggest liquidation event, leaving BTC 'insanely undervalued' relative to equities (source: @BullTheoryio). According to @BullTheoryio, this frames a relative-value setup for traders tracking BTC versus U.S. mega-cap tech strength and liquidation-driven dislocations (source: @BullTheoryio).

According to @BullTheoryio, the crypto market experienced what they describe as the largest liquidation event on record on October 10, with nearly $20B in positions wiped out in less than 24 hours, highlighting a regime shift in market structure (source: @BullTheoryio). They add that aggregating data from October 1 to the present further underscores a post-October 10 behavioral change, indicating traders should reassess leverage exposure and liquidation risk as conditions evolve (source: @BullTheoryio).