Fear is still at 34, and the stablecoin pile just got smaller. đš
The Crypto Fear and Greed Index reads 34 today, still in Fear, up from 30 yesterday. Source: Alternative.me, checked at 17:00 PKT, 1 November. Stablecoin supply fell to 299.2 billion dollars, down 1.2 billion in 24 hours. Exchange deposits were 888.6 million dollars against withdrawals of 982.6 million dollars, so about 94 million dollars more left exchanges than arrived. đ Source: Basis Desk, 1 November. My reading is mixed, and that honesty matters. Coins leaving exchanges is not panic selling, but shrinking stablecoin supply means less dry powder waiting to buy dips. Fear fading slowly is good. It is not yet a green light.
Is fear at 34 a buying opportunity for you, or a reason to stay small? đ€
Follow for more trades.
#Crypto #Bitcoin #FuturesTrading #TradingSignals #MarketSentiment
The Crypto Fear and Greed Index reads 34 today, still in Fear, up from 30 yesterday. Source: Alternative.me, checked at 17:00 PKT, 1 November. Stablecoin supply fell to 299.2 billion dollars, down 1.2 billion in 24 hours. Exchange deposits were 888.6 million dollars against withdrawals of 982.6 million dollars, so about 94 million dollars more left exchanges than arrived. đ Source: Basis Desk, 1 November. My reading is mixed, and that honesty matters. Coins leaving exchanges is not panic selling, but shrinking stablecoin supply means less dry powder waiting to buy dips. Fear fading slowly is good. It is not yet a green light.
Is fear at 34 a buying opportunity for you, or a reason to stay small? đ€
Follow for more trades.
#Crypto #Bitcoin #FuturesTrading #TradingSignals #MarketSentiment
