Watching Bitcoin climb back to $70k feels good on the surface, but honestly, the mood still feels heavy. After seeing it drop close to $60k and wipe out billions, this bounce feels more like relief than confidence.
Yes, inflation cooling helped. Markets are breathing again. But the Crypto Fear & Greed Index sitting in extreme fear says what many of us feel but don’t always tweet: people are nervous. Every green candle still feels like a chance to exit, not to celebrate.
The $8.7B in realized losses feels like real pain, not noise. Maybe it’s capitulation. Maybe supply is moving to stronger hands. But trust doesn’t reset overnight.
For now, I’m cautious. Not bearish, not euphoric. Just watching, waiting, and reminding myself that real bottoms are built in fear, not hype.
