$BTC 68,914. -3.68% on the day. Total market cap $2.35T, -5.14%. Fear & Greed 20, down from 28 yesterday.
That is the tape: whole board red, sentiment in extreme fear.
But the account book went the other way. 76.1% of BTC accounts are long, ratio 3.18 — the highest reading of the week, up from 72.6% on 11-12.
Into a red week, the crowd added. Nobody has capitulated yet.
So next week's setup is not the drop. It is whether that 3.18 holds: $BTC reclaims 72,223.8 and they were early, or 67,568 breaks and it unwinds.
Does the flush come first — yes or no?
#BTC #Write2Earn
That is the tape: whole board red, sentiment in extreme fear.
But the account book went the other way. 76.1% of BTC accounts are long, ratio 3.18 — the highest reading of the week, up from 72.6% on 11-12.
Into a red week, the crowd added. Nobody has capitulated yet.
So next week's setup is not the drop. It is whether that 3.18 holds: $BTC reclaims 72,223.8 and they were early, or 67,568 breaks and it unwinds.
Does the flush come first — yes or no?
#BTC #Write2Earn