$BTC A quick recap of the recent sharp drop. BTC was pushed all the way down to around $73,000, with over $1 billion in long positions liquidated in 24 hours. Those who were watching support levels yesterday were mostly wiped out today. ETFs have continued to see outflows, and the fallout from the hack has pushed sentiment to rock bottom.
But MicroStrategy is buying again, having just purchased 1,036 BTC. Its total holdings have now topped 850,000 BTC, with an average cost still around $75,000. Institutions are aggressively scooping up coins during the dip, while retail investors are panic-selling—the two sides are moving in completely opposite directions.
As for the Huang situation, it just dragged down sentiment in tech stocks, and crypto got caught up in the commotion. Put simply, this is a sentiment-driven sell-off; the fundamentals haven’t deteriorated.
It’s best to keep positions light at these levels, and focus on whether the $73,000–$74,000 range can hold. If it breaks, stay out and wait; if it stabilizes, then consider adding a little. Don’t chase shorts or rush to buy the dip—risk management comes first. Just my personal opinion, not investment advice!
Spot BTC and ETH ETFs saw net outflows of over $1.6 billion in a single week.
But MicroStrategy is buying again, having just purchased 1,036 BTC. Its total holdings have now topped 850,000 BTC, with an average cost still around $75,000. Institutions are aggressively scooping up coins during the dip, while retail investors are panic-selling—the two sides are moving in completely opposite directions.
As for the Huang situation, it just dragged down sentiment in tech stocks, and crypto got caught up in the commotion. Put simply, this is a sentiment-driven sell-off; the fundamentals haven’t deteriorated.
It’s best to keep positions light at these levels, and focus on whether the $73,000–$74,000 range can hold. If it breaks, stay out and wait; if it stabilizes, then consider adding a little. Don’t chase shorts or rush to buy the dip—risk management comes first. Just my personal opinion, not investment advice!
Spot BTC and ETH ETFs saw net outflows of over $1.6 billion in a single week.
