Here's what happened when $BTC sliced through a key support last week and the whole market suddenly felt a lot heavier.
That sinking feeling hits fast. You start second-guessing recent buys, wondering if this is another FOMO trap that leaves you holding bags while everyone else already exited.
This breakdown carries real echoes of the late 2021 correction, when Bitcoin lost its footing after a long stretch of greed and people started calling the cycle over. The current Fear and Greed reading of 73 sits in a similar zone to those earlier peaks, where the market was stretched and ready for a flush. The added pressure this time comes from yields pushing higher, a dynamic we also lived through in the 2022 hiking cycle.
$ETH has shown a bit more relative strength during the drop, which often points to rotation rather than outright capitulation. $USDT usually sees inflows as traders step aside and wait for clarity. What those past events taught us is that obvious support breaks tend to liquidate the crowded longs first.
Where do you think this goes from here?
#BitcoinFallsBelow #BitcoinFallsToAround #US10YTreasuryYieldHits19YearHigh
That sinking feeling hits fast. You start second-guessing recent buys, wondering if this is another FOMO trap that leaves you holding bags while everyone else already exited.
This breakdown carries real echoes of the late 2021 correction, when Bitcoin lost its footing after a long stretch of greed and people started calling the cycle over. The current Fear and Greed reading of 73 sits in a similar zone to those earlier peaks, where the market was stretched and ready for a flush. The added pressure this time comes from yields pushing higher, a dynamic we also lived through in the 2022 hiking cycle.
$ETH has shown a bit more relative strength during the drop, which often points to rotation rather than outright capitulation. $USDT usually sees inflows as traders step aside and wait for clarity. What those past events taught us is that obvious support breaks tend to liquidate the crowded longs first.
Where do you think this goes from here?
#BitcoinFallsBelow #BitcoinFallsToAround #US10YTreasuryYieldHits19YearHigh
