Bitcoin crashed to $62,000 overnight — down 16% this week and now 50% below its October record high.
• Fear & Greed printed 10 — extreme fear for a third straight day.
• US spot Bitcoin ETFs bled $1.07 billion in five sessions, with zero positive days since Nov. 4.
• Ethereum fell to $1,711, its lowest since July, as $1 billion in leveraged longs got wiped out in 24 hours.
My stance for today: I am watching $62,000 hold for a relief bounce toward $67,500. The flush cleared the leverage, the crowd is at maximum fear, and the sellers are running out of weekend liquidity to push against.
Below $62,000, this plan is off the table.
Are you buying this fear, or waiting for Monday's ETF flows to confirm the turn?
$BTC $ETH $BNB
#Bitcoin #BTC #CryptoNews #CryptoMarket #Fed
• Fear & Greed printed 10 — extreme fear for a third straight day.
• US spot Bitcoin ETFs bled $1.07 billion in five sessions, with zero positive days since Nov. 4.
• Ethereum fell to $1,711, its lowest since July, as $1 billion in leveraged longs got wiped out in 24 hours.
My stance for today: I am watching $62,000 hold for a relief bounce toward $67,500. The flush cleared the leverage, the crowd is at maximum fear, and the sellers are running out of weekend liquidity to push against.
Below $62,000, this plan is off the table.
Are you buying this fear, or waiting for Monday's ETF flows to confirm the turn?
$BTC $ETH $BNB
#Bitcoin #BTC #CryptoNews #CryptoMarket #Fed
