The cryptocurrency market opened in the red today, October 8. Total market capitalization fell 1.49% to $2.82 trillion, according to CoinMarketCap
The reason for the drop has already appeared at the top of the site: *Whales using 40x leverage sold BTC. When the big players sell, the whole market feels it
How are the major coins doing today
$BTC BITCOIN 83,015.87 (-1.3%) 🩸
The king of the market commands $1.67 trillion, but is taking profits. It fell from 86k to 83k. The key support level now is at 82,500
$BNB 769.22 (-0.81%) At this price, are you buying or waiting for the right moment? I've already bought a little. I think buying some now was a good move.
$SOL 114.99 (-3.01%) The favorite among those who invest small amounts has fallen more than BTC. Anyone who bought at $90 is still up +28%. Below $116 is considered a good price for buying in installments, which I believe
MARKET SENTIMENT: STILL GREEDY
Two data points show that it's not the end of the world:
1. Overall Sentiment: NEUTRAL
2. Fear and Greed Index: 60 POINTS (Greed)
When the index is at 60, it means investors are still confident. Drops with a score of 60 are healthy corrections, not panic. Real panic is when it hits 20 or 30.
Today's drop is healthy. The market still has $2.82 trillion, fear hasn't returned, and whales selling with 40x leverage could push BTC to $82k in the coming hours. But the medium-term trend remains upward as long as greed stays above 50.
And you, are you going to buy this dip or wait for it to fall further?