The Fear & Greed Index has dropped to 25—extreme fear, for the first time in three months.
It was still at 50 the day before yesterday, then plunged 25 points in two days. ETFs saw $412 million in outflows on Friday alone, and $1.28 billion for the week. BlackRock’s fund accounted for $403 million of that.
But $BTC is still hovering around 76,000, basically unmoved all day. It briefly dipped to 74,800 on Friday, then bounced right back.
On one hand, the index keeps sliding; on the other, the price is going nowhere. The market tonight looks seriously conflicted.
#BTC #Market analysis
It was still at 50 the day before yesterday, then plunged 25 points in two days. ETFs saw $412 million in outflows on Friday alone, and $1.28 billion for the week. BlackRock’s fund accounted for $403 million of that.
But $BTC is still hovering around 76,000, basically unmoved all day. It briefly dipped to 74,800 on Friday, then bounced right back.
On one hand, the index keeps sliding; on the other, the price is going nowhere. The market tonight looks seriously conflicted.
#BTC #Market analysis