I double checked my screen just now because this sell-off feels way deeper than a routine flush. Selling right back into prices everyone begged for a few months back looks like pure emotional exhaustion.
Seeing $BTC drop to $65,000 earlier today caught a lot of people off guard. Coindesk.com noted an analyst flagging this as a fourth wave of panic selling, and honestly the numbers back up how stressed people are right now.
The Fear and Greed index is sitting clear down at 13. On top of that, the total value of all coins dropped 7.83% down to $2.22T, even while Bitcoin share of that value holds at 59.0%.
It's wild watching people sell out at the exact prices they wished for months ago. Fear really distorts how we see things.
Is this kind of extreme panic usually your cue to start watching closely, or are you sitting completely on your hands right now?
NFA | DYOR #BinanceSquare #WriteToEarn #Crypto #Bitcoin #BTC
Seeing $BTC drop to $65,000 earlier today caught a lot of people off guard. Coindesk.com noted an analyst flagging this as a fourth wave of panic selling, and honestly the numbers back up how stressed people are right now.
The Fear and Greed index is sitting clear down at 13. On top of that, the total value of all coins dropped 7.83% down to $2.22T, even while Bitcoin share of that value holds at 59.0%.
It's wild watching people sell out at the exact prices they wished for months ago. Fear really distorts how we see things.
Is this kind of extreme panic usually your cue to start watching closely, or are you sitting completely on your hands right now?
NFA | DYOR #BinanceSquare #WriteToEarn #Crypto #Bitcoin #BTC