BTC Lost 20% Since 11/4 and Fear Is at 13: I'm Watching, Not Buying Yet
$BTC is trading around $63,736 on Binance this morning, down 6.3% in 24 hours, with a 24h low of $63,320. The daily closes tell the story: $80,504 on 11/4, $74,015 on 11/11, $71,460 on 11/12, $68,314 on 11/13, and about $63,736 now. That's roughly 20.8% off the 11/4 close, and three straight lower daily closes. The Fear & Greed Index (Alternative.me) sits at 13 for 11/14, Extreme Fear, down from 28 just two days earlier.
One thing stands out: BTC is still the strongest of the majors. $ETH is down 9.0% to about $1,747 and $SOL is down 10.4% to about $69.37 over the same 24 hours. ETH/BTC slipped 2.9% to 0.02742. When money leaves, it leaves alts first, and BTC is holding up relatively better.
My read: relative strength isn't a bottom. Price is sitting right on its 24h low, and I want to see at least one daily close back above $68,000, the 11/13 close, before I treat this as more than a dead-cat bounce. Readings this low often show up near capitulation, but they can stay there for days. If I add at all, I'd add to BTC before ETH or SOL, and in small size.
Writing a call like this down before acting on it beats reacting to every red candle. OWL AI is a decentralized portfolio strategy platform covering US stocks, ETFs, crypto and commodities, with strategy vaults already deployed on multiple EVM networks, and Robinhood Chain and Arc currently being deployed. A creator can turn a BTC view like this into a public on-chain strategy where holdings and rebalances are inspectable, and you can Follow / Star / Subscribe to the ones you trust. As of 10/31: TVL 7,528,536 USDC and 4,620 holding addresses.
#BTC #Bitcoin #CryptoMarket
$BTC is trading around $63,736 on Binance this morning, down 6.3% in 24 hours, with a 24h low of $63,320. The daily closes tell the story: $80,504 on 11/4, $74,015 on 11/11, $71,460 on 11/12, $68,314 on 11/13, and about $63,736 now. That's roughly 20.8% off the 11/4 close, and three straight lower daily closes. The Fear & Greed Index (Alternative.me) sits at 13 for 11/14, Extreme Fear, down from 28 just two days earlier.
One thing stands out: BTC is still the strongest of the majors. $ETH is down 9.0% to about $1,747 and $SOL is down 10.4% to about $69.37 over the same 24 hours. ETH/BTC slipped 2.9% to 0.02742. When money leaves, it leaves alts first, and BTC is holding up relatively better.
My read: relative strength isn't a bottom. Price is sitting right on its 24h low, and I want to see at least one daily close back above $68,000, the 11/13 close, before I treat this as more than a dead-cat bounce. Readings this low often show up near capitulation, but they can stay there for days. If I add at all, I'd add to BTC before ETH or SOL, and in small size.
Writing a call like this down before acting on it beats reacting to every red candle. OWL AI is a decentralized portfolio strategy platform covering US stocks, ETFs, crypto and commodities, with strategy vaults already deployed on multiple EVM networks, and Robinhood Chain and Arc currently being deployed. A creator can turn a BTC view like this into a public on-chain strategy where holdings and rebalances are inspectable, and you can Follow / Star / Subscribe to the ones you trust. As of 10/31: TVL 7,528,536 USDC and 4,620 holding addresses.
#BTC #Bitcoin #CryptoMarket
