Everyone, this Bitcoin drop is absolutely heartbreaking 😭.
Simply put: oil prices and Treasury yields are both surging, the Fed isn't easing, institutional ETFs are seeing major outflows, and leveraged long positions are getting liquidated in a chain reaction (nearly $1 billion worth).
Don't rush to catch a falling knife right now. Keep a close eye on the 81,900 level in the short term—if it breaks, things could hurt even more. Let's wait to see what happens at the Fed meeting and whether ETF inflows return. Hang in there, and watch more, trade less~ 🥺
Just my personal observations; this is not financial advice.
$BTC
Simply put: oil prices and Treasury yields are both surging, the Fed isn't easing, institutional ETFs are seeing major outflows, and leveraged long positions are getting liquidated in a chain reaction (nearly $1 billion worth).
Don't rush to catch a falling knife right now. Keep a close eye on the 81,900 level in the short term—if it breaks, things could hurt even more. Let's wait to see what happens at the Fed meeting and whether ETF inflows return. Hang in there, and watch more, trade less~ 🥺
Just my personal observations; this is not financial advice.
$BTC