Fear & Greed at 20, BTC at 70,365—but don't rush to catch the falling knife
I checked the market this morning: BTC was at 71,400, and ETH nearly fell below 2,000, hitting a low of 1,983. Nearly $700 million was liquidated in 24 hours, 90% of it from long positions. Anyone who stayed long yesterday was pretty much wiped out.
Why the drop? Nothing new on the negative news front—just the same old factors piling up:
Jensen Huang resigning from Nvidia dragged down sentiment in tech stocks and the AI sector; Treasury yields are weighing on the market, sending money elsewhere; and ETFs have seen $2 billion in outflows over the past three weeks, with no sign of stopping.
There’s one more thing to watch today: $2.8 billion worth of BTC and ETH options expire. BTC’s max pain point is 76,000, while the price is currently well below that. Market makers have little incentive to push it up and help you break even.
Just a few technical levels to watch:
• If BTC can’t hold 70,635 today, the next level to watch is 68,000
• A move back above 73,200 would offer some breathing room
• If ETH breaks below 2,000, the next support zone is 1,950–1,900
The Extreme Fear Index is at 20—there’s definitely panic in the market. But extreme fear can last a long time; it doesn’t mean prices will rise tomorrow. Clearing out leverage matters more than trying to call the bottom.
Market notes, not financial advice
#黄仁勋辞任CEO，英伟达战略走向受关注 #BTC走势分析 $BTC
$NVDAB
$ETH
I checked the market this morning: BTC was at 71,400, and ETH nearly fell below 2,000, hitting a low of 1,983. Nearly $700 million was liquidated in 24 hours, 90% of it from long positions. Anyone who stayed long yesterday was pretty much wiped out.
Why the drop? Nothing new on the negative news front—just the same old factors piling up:
Jensen Huang resigning from Nvidia dragged down sentiment in tech stocks and the AI sector; Treasury yields are weighing on the market, sending money elsewhere; and ETFs have seen $2 billion in outflows over the past three weeks, with no sign of stopping.
There’s one more thing to watch today: $2.8 billion worth of BTC and ETH options expire. BTC’s max pain point is 76,000, while the price is currently well below that. Market makers have little incentive to push it up and help you break even.
Just a few technical levels to watch:
• If BTC can’t hold 70,635 today, the next level to watch is 68,000
• A move back above 73,200 would offer some breathing room
• If ETH breaks below 2,000, the next support zone is 1,950–1,900
The Extreme Fear Index is at 20—there’s definitely panic in the market. But extreme fear can last a long time; it doesn’t mean prices will rise tomorrow. Clearing out leverage matters more than trying to call the bottom.
Market notes, not financial advice
#黄仁勋辞任CEO，英伟达战略走向受关注 #BTC走势分析 $BTC
$NVDAB
$ETH