Bros!! October was a straight-up gut punch the whole month!!!
Investing.com’s recap today (November 1): Bitcoin opened October at around 83,600 and closed near 77,600, down about 7.3% for the month. It hit a low of around 76,300 during the month. The CoinMarketCap Fear and Greed Index was even wilder: it was around 70 (Greed) on October 4, then crashed to around 36 (Fear) on October 30—less than a month to go from greedy to scared, haha.
Bitfinex sees around 75,000 as a key support level. For a proper rebound, Bitcoin first needs to reclaim 80,000. Open interest in futures also hit a five-week high of around 686,000 BTC—sentiment is shaky, but positions are still hefty. CoinGecko has Bitcoin hovering around 77,800, ETH around 2,268, BNB around 705, and SOL around 96.
Honestly, the withdrawal window opening today doesn’t mean the panic will disappear overnight. Don’t take “the index is in Fear” as a green light to go all-in on leveraged dip-buying. Stay alive first!!!
Do you think this wave of fear has run its course, or will 75,000 get tested again?
$BTC $ETH
#恐惧贪婪 #Crypto
Investing.com’s recap today (November 1): Bitcoin opened October at around 83,600 and closed near 77,600, down about 7.3% for the month. It hit a low of around 76,300 during the month. The CoinMarketCap Fear and Greed Index was even wilder: it was around 70 (Greed) on October 4, then crashed to around 36 (Fear) on October 30—less than a month to go from greedy to scared, haha.
Bitfinex sees around 75,000 as a key support level. For a proper rebound, Bitcoin first needs to reclaim 80,000. Open interest in futures also hit a five-week high of around 686,000 BTC—sentiment is shaky, but positions are still hefty. CoinGecko has Bitcoin hovering around 77,800, ETH around 2,268, BNB around 705, and SOL around 96.
Honestly, the withdrawal window opening today doesn’t mean the panic will disappear overnight. Don’t take “the index is in Fear” as a green light to go all-in on leveraged dip-buying. Stay alive first!!!
Do you think this wave of fear has run its course, or will 75,000 get tested again?
$BTC $ETH
#恐惧贪婪 #Crypto