This morning, $BTC fell to $62,006, its lowest level in three months. It has now bounced back to around $63,854, down 5% in 24 hours. $ETH is around $1,777, down 6.5% in a day.
There have been about $1.9 billion in liquidations over the past 24 hours, 93% of them longs. The Fear & Greed Index is now at 10, indicating extreme fear. US spot Bitcoin ETFs have seen $1.91 billion in outflows over seven sessions.
The $62,000 support level held once today, with resistance above at $67,500.
My take: fear is now extreme, but the levels are clear. Whether $62,000 holds or we head toward $60,000 will determine everything now.
What are you doing during this drop? Buying, waiting, selling, or just watching? Comment A, B, C, or D.
No buying or selling advice, just market news. This is not financial advice.
#Bitcoin #Ethereum #Crypto
There have been about $1.9 billion in liquidations over the past 24 hours, 93% of them longs. The Fear & Greed Index is now at 10, indicating extreme fear. US spot Bitcoin ETFs have seen $1.91 billion in outflows over seven sessions.
The $62,000 support level held once today, with resistance above at $67,500.
My take: fear is now extreme, but the levels are clear. Whether $62,000 holds or we head toward $60,000 will determine everything now.
What are you doing during this drop? Buying, waiting, selling, or just watching? Comment A, B, C, or D.
No buying or selling advice, just market news. This is not financial advice.
#Bitcoin #Ethereum #Crypto
