🚨 BITCOIN JUST LOST $70,000 — AND WALL STREET IS CHOOSING STOCKS
$BTC hit $67,568 today, its lowest level since August. Fear & Greed Index: 19. Extreme fear. 👀
Here's what's pushing it down:
📉 US spot crypto ETFs lost $1.48 BILLION in just 5 days
📉 Strategy (MSTR) is being removed from MSCI indexes on Nov 30
📉 Leverage is getting flushed: every leveraged long that breaks becomes a forced market sell
Two scenarios I'm watching:
🔴 Lose $67.5K on a daily close → next zone is $64K–$65K
🟢 Reclaim $70K and hold it → the bear trap story wins, $72K–$74K is back on the table
$ETH is at ~$1,960 and already wicked under $1,900. If $1,900 breaks on a close, that's the level everyone is ignoring right now.
My take: extreme fear is not a buy signal on its own. Watch the ETF flows. When they turn green, real buyers are back. Until then, every bounce is a test.
Where are you right now? 👇
A) Buying spot
B) Waiting for $64K
C) Already out
Not financial advice. DYOR.
#WhatWillDriveCryptoandStocks’NextRebound? #Bitcoin
$BTC hit $67,568 today, its lowest level since August. Fear & Greed Index: 19. Extreme fear. 👀
Here's what's pushing it down:
📉 US spot crypto ETFs lost $1.48 BILLION in just 5 days
📉 Strategy (MSTR) is being removed from MSCI indexes on Nov 30
📉 Leverage is getting flushed: every leveraged long that breaks becomes a forced market sell
Two scenarios I'm watching:
🔴 Lose $67.5K on a daily close → next zone is $64K–$65K
🟢 Reclaim $70K and hold it → the bear trap story wins, $72K–$74K is back on the table
$ETH is at ~$1,960 and already wicked under $1,900. If $1,900 breaks on a close, that's the level everyone is ignoring right now.
My take: extreme fear is not a buy signal on its own. Watch the ETF flows. When they turn green, real buyers are back. Until then, every bounce is a test.
Where are you right now? 👇
A) Buying spot
B) Waiting for $64K
C) Already out
Not financial advice. DYOR.
#WhatWillDriveCryptoandStocks’NextRebound? #Bitcoin