everyone thinks eth dropping through support means the cycle just died, but actually this looks like the same flow-driven flush we get every time the etf bid steps away.
the expensive mistake is panicking out on the breakdown, then chasing the first bounce and getting chopped both ways. that's how a boring week turns into a real hole in the account.
fear and greed sitting at 52 is the tell. not capitulation, just nobody willing to bid while spot bitcoin and ether etf money keeps leaking out. $ETH isn't breaking because the chain suddenly stopped working. it's moving with $BTC because the pipe that was supporting both just went quiet, and the rest of the market is following the same tape. even $OP and the l2s mirrored it tick for tick, which is what you see in a liquidity event, not a narrative death. ngl, treating a neutral market like a crash is how you volunteer to be the exit liquidity.
is this another shakeout, or do the outflows still have room to run?
#EthereumDropsBelow #EtherTook60 #BitcoinAndEtherETFsShed
the expensive mistake is panicking out on the breakdown, then chasing the first bounce and getting chopped both ways. that's how a boring week turns into a real hole in the account.
fear and greed sitting at 52 is the tell. not capitulation, just nobody willing to bid while spot bitcoin and ether etf money keeps leaking out. $ETH isn't breaking because the chain suddenly stopped working. it's moving with $BTC because the pipe that was supporting both just went quiet, and the rest of the market is following the same tape. even $OP and the l2s mirrored it tick for tick, which is what you see in a liquidity event, not a narrative death. ngl, treating a neutral market like a crash is how you volunteer to be the exit liquidity.
is this another shakeout, or do the outflows still have room to run?
#EthereumDropsBelow #EtherTook60 #BitcoinAndEtherETFsShed