Wait, people are misreading this drop completely. A sudden flush out doesn't mean the whole cycle is broken.
Decrypt reported earlier today that $BTC fell 5% and slid below $69,000, mostly pushed down by a tight cluster of forced selling and a temporary dip in demand.
It feels intense, but look at the actual numbers. The Fear and Greed index is sitting down at 20, while Bitcoin share of the total value is still holding at 58.9%.
When panic hits, it's easy to forget that forced wipeouts usually happen fast. I'm taking a breath here.
Are you taking this drop below 69k as a warning to step back, or do you see forced selling like this as a short term overreaction?
NFA | DYOR #BinanceSquare #WriteToEarn #Bitcoin #Crypto #BTC
Decrypt reported earlier today that $BTC fell 5% and slid below $69,000, mostly pushed down by a tight cluster of forced selling and a temporary dip in demand.
It feels intense, but look at the actual numbers. The Fear and Greed index is sitting down at 20, while Bitcoin share of the total value is still holding at 58.9%.
When panic hits, it's easy to forget that forced wipeouts usually happen fast. I'm taking a breath here.
Are you taking this drop below 69k as a warning to step back, or do you see forced selling like this as a short term overreaction?
NFA | DYOR #BinanceSquare #WriteToEarn #Bitcoin #Crypto #BTC