Big Cake surged to 81,000 but didn’t hold, falling back to 77,000 overnight
First, lay out the numbers—today’s market isn’t strong. Big Cake only just touched 81,478 yesterday; after failing to hold, it slid back to 77,000. In the last 24 hours, it’s down 3.7%. Second Cake is 2440 and BNB is 690, both down a bit over 3%.
This week, after finally crawling up to 81,000, everything was vomited back in two days—what a wasted effort.
Breadth tells the story even more clearly: out of 735 coins, only 17% are up. The median coin is down 2.9%, and among the top 50 by volume, only 20% are in the green. The gainers are small-cap coins like CREAM and PNT putting on a show; NFP is down 66% straight away—money is hiding in only a few places.
Sentiment is cooling too. Fear & Greed dropped from 73 to 68, and it’s still in the greed zone. The “heat” isn’t as strong as it was a few days ago. The ETF direction has reversed: for BTC spot ETFs, net outflows were about 170 million USD in the most recent trading day, while the day before it was net inflows of about 240 million. You can’t conclude “institutions are bailing” just by looking at one day—but at least the impulse from chasing highs has weakened.
According to the habits of old-season veterans: in a行情 that drops straight down from the greed zone, don’t rush to take action first. Just watch whether 77,000 can be held. Last night’s low at 76,888 is right around here. If it breaks down on increasing volume, then the earlier assumptions need to be recalculated—and we can talk again at that time.
$BTC $ETH $BNB
First, lay out the numbers—today’s market isn’t strong. Big Cake only just touched 81,478 yesterday; after failing to hold, it slid back to 77,000. In the last 24 hours, it’s down 3.7%. Second Cake is 2440 and BNB is 690, both down a bit over 3%.
This week, after finally crawling up to 81,000, everything was vomited back in two days—what a wasted effort.
Breadth tells the story even more clearly: out of 735 coins, only 17% are up. The median coin is down 2.9%, and among the top 50 by volume, only 20% are in the green. The gainers are small-cap coins like CREAM and PNT putting on a show; NFP is down 66% straight away—money is hiding in only a few places.
Sentiment is cooling too. Fear & Greed dropped from 73 to 68, and it’s still in the greed zone. The “heat” isn’t as strong as it was a few days ago. The ETF direction has reversed: for BTC spot ETFs, net outflows were about 170 million USD in the most recent trading day, while the day before it was net inflows of about 240 million. You can’t conclude “institutions are bailing” just by looking at one day—but at least the impulse from chasing highs has weakened.
According to the habits of old-season veterans: in a行情 that drops straight down from the greed zone, don’t rush to take action first. Just watch whether 77,000 can be held. Last night’s low at 76,888 is right around here. If it breaks down on increasing volume, then the earlier assumptions need to be recalculated—and we can talk again at that time.
$BTC $ETH $BNB
