Currently, $BTC is working in a consolidation range around 65 k$ after a significant correction related to macro stress, US rate hikes, and a major deleveraging in derivatives. Sentiment is very negative, but a large portion of the over-leveraged positions has already been purged, which increases the probability of range phases and technical rebounds as long as no new major macro event breaks the 64–66 k$ zone to the downside. #Binance #BTC #finance
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Bitcoin (BTC) is trading around $75,205.68, down about 4.24% over 24 hours and 14.29% over 7 days. The global crypto market is down about 4.56% over 24 hours and the sentiment index is in "extreme fear" (15/100), while BTC dominance remains high around 59%. What This Implies 1. The movement is a broad market correction, not a BTC-specific sell-off. 2. The high BTC dominance shows that capital remains rather "defensive" on Bitcoin rather than on altcoins. 3. The extreme fear level indicates a very fragile sentiment, which may prolong volatility, but historically it is also a zone where excess pessimism appears. Confidence: High, the figures come from near real-time market data. Data as of Feb 2, 6:53am UTC+1, using CMC price data and the overall overview of the crypto market.
Bitcoin (BTC) is trading around $75,205.68, down about 4.24% over 24 hours and 14.29% over 7 days. The global crypto market is down about 4.56% over 24 hours and the sentiment index is in "extreme fear" (15/100), while BTC dominance remains high around 59%. What This Implies 1. The movement is a broad market correction, not a BTC-specific sell-off. 2. The high BTC dominance shows that capital remains rather "defensive" on Bitcoin rather than on altcoins. 3. The extreme fear level indicates a very fragile sentiment, which may prolong volatility, but historically it is also a zone where excess pessimism appears. Confidence: High, the figures come from near real-time market data. Data as of Feb 2, 6:53am UTC+1, using CMC price data and the overall overview of the crypto market.
$BTC Something rare is happening in #Bitcoin Coins that haven't moved in years are suddenly waking up. 2024 and 2025 are now the 2nd and 3rd largest years of all time for long-term supply reactivation, only 2017 was more significant. When old Bitcoins move, it is never random.