dyor

Le persone che vendono Bitcoin in panico a $69K oggi vedranno qualcuno acquistare a questo prezzo trasformando $500/mese in $2.5M in 5 anni.
Lascia che questo affondi.
$2.71 miliardi sono stati liquidati in un solo giorno questa settimana.
Non è un numero. Sono le vite delle persone. I loro piani quinquennali. I loro sogni di pensionamento. Spariti in poche ore perché erano in leva, spaventati e hanno preso una decisione nel peggior stato emotivo possibile.
Ma ecco cosa sta realmente accadendo sotto il caos:
L'indice di Paura e Avidità ha raggiunto 5.

Capisci cosa significa?

Le persone che vendono panic Bitcoin a $69K oggi vedranno qualcuno acquistare a questo prezzo trasformando $500/mese in $2.5M in 5 anni.
Lascia che affondi.
$2.71 miliardi sono stati liquidati in un solo giorno questa settimana.
Non è un numero. Sono le vite delle persone. I loro piani quinquennali. I loro sogni di pensione. Spariti in poche ore perché erano in leva, spaventati e hanno preso una decisione nel peggior stato emotivo possibile.
Ma ecco cosa sta realmente accadendo sotto il caos:
L'indice della Paura & Avidità ha raggiunto 5.
Capisci cosa significa?

$BTC è sceso sotto $75,000, perdendo il 37% dal picco di ottobre. #крипторинок ha perso quasi $2 trilioni di capitalizzazione dal record di $126,272.
Segnali di mercato orso:
$BTC ha rotto la media mobile di 365 giorni a $101K - un livello che ha contenuto il calo nel 2022. L'indicatore ciclico toro/orso mostra condizioni orso da ottobre 2025.

Bitcoin’s rebound from last week’s sharp sell-off appears to be losing steam, with prices struggling to break above the $70,000–$71,000 zone amid fragile sentiment, thinning liquidity and fading participation across spot markets.
After plunging into the low-$60,000s in what many traders described as a capitulation-style move, bitcoin bounced sharply over the weekend. That recovery, however, has stalled, prompting analysts to characterize the move as a bear-market relief rally rather than the start of a renewed uptrend.
Overhead Supply Weighs on the Bounce
Market participants say the rebound has run into heavy overhead supply from investors looking to exit positions at improved prices after the sell-off.
“There is still a huge supply in the market from those who want to exit bitcoin on the rebound,” said Alex Kuptsikevich, chief market analyst at FxPro. “In such conditions, traders should be prepared for a renewed test of the 200-week moving average.”
He added that recovery momentum faded quickly after encountering selling pressure near the broader crypto market’s recent valuation highs, suggesting the bounce may represent only a pause in a larger corrective move.
Fear Dominates Market Psychology
Sentiment indicators reinforce the cautious tone. The Crypto Fear and Greed Index fell to 6 over the weekend , levels last seen during the FTX-driven downturn of 2022 , before rebounding modestly to 14 by late Monday.
Even with that slight improvement, analysts warn that sentiment remains deeply pessimistic and inconsistent with sustained risk-taking. According to Kuptsikevich, such readings are “too low for confident buying,” pointing to more than just short-term nervousness.

Liquidity and Volume Continue to Thin
Market structure data suggests the rebound is occurring in a fragile environment. Spot trading volumes across major centralized exchanges are down roughly 30% compared with late-2025 levels, according to data from Kaiko.
Monthly spot volumes have slipped from around $1 trillion to roughly $700 billion, indicating a steady withdrawal of participation , particularly among retail traders , rather than a sudden panic-driven exodus.
Thin liquidity can amplify price swings, allowing modest sell orders to trigger outsized moves. This dynamic often leads to volatile intraday price action without the heavy, panic-volume surge typically associated with a clear market bottom.
Risk-Off Unwind, Not Capitulation
Kaiko described the current backdrop as a broader risk-off unwind, where traders gradually reduce exposure instead of exiting en masse. While last week saw brief spikes in activity, the longer-term trend remains one of declining engagement.
Such conditions can result in repeated failed rallies, as prices bounce on reduced selling pressure only to falter once fresh demand fails to materialize.
Key Levels in Focus
From a cycle perspective, bitcoin’s pullback fits a familiar pattern. After peaking near $126,000 in late 2025 or early 2026, prices have retraced more than 50%, with the $60,000–$70,000 range emerging as a critical battleground.
Historically, bottoms following major cycle peaks often take months to form and are marked by multiple unsuccessful recovery attempts.
For now, traders say the market’s ability to hold the $60,000 area remains the key signal. Sustained defense could lead to choppy consolidation, while a failure , combined with thin liquidity , could quickly reopen the door to renewed downside.
Bottom Line
Bitcoin’s rebound has stalled just below $71,000, with sentiment at its most fearful since 2022 and participation continuing to fade. Until liquidity improves and buyers show stronger conviction, the move higher is likely to be viewed as a temporary relief rally rather than a confirmed trend reversal.
#dyor #NFA✅

Sur Binance, il est bien possible de trader l’or en Spot via la paire PAXG/USDT .
Mais dans la pratique, la majorité des traders actifs se positionnent sur les Futures.
Ce n’est pas un hasard. Voici ce qu’il faut vraiment comprendre.
Le Spot sur Binance, ce n’est pas de l’or classique
Quand tu trades l’or en Spot sur Binance, tu n’achètes pas un lingot.
Tu trades du PAXG (Pax Gold), un token adossé à de l’or physique stocké quelque part .
Le problème n’est pas le principe, mais la réalité du marché :
Les volumes sont relativement faiblesLes mouvements sont moins fluidesL’exécution est parfois lente pour du trading actif
Le Spot sur l’or est plus adapté à une logique de détention qu’à une logique de trading court terme.
2. Les Futures offrent ce que le Spot ne peut pas : le levier
C’est le point clé.
En Spot :
Si l’or vaut 2 000 USDT, il te faut 2 000 USDT pour acheter l’équivalent
En Futures :
Avec un levier x10, 200 USDT suffisent pour contrôler une position de 2 000 USDT
Cela permet :
-D’optimiser le capital
-De multiplier l’impact des mouvements de prix
Mais aussi, évidemment, d’augmenter le risque si la gestion est mauvaise.
3. Trader la baisse : un avantage stratégique majeur
En Spot, une seule direction est le plus souvent pratiquée : gagner si le prix monte.
En Futures :
-Tu peux shorter
-Profiter des phases de correction
-Couvrir un portefeuille exposé aux marchés
Dans un contexte macro instable, c’est un avantage énorme.
4. Liquidité et efficacité d’exécution
Les Futures sur l’or sont :
Plus liquidesAvec des spreads plus serrésEt une exécution quasi instantanée
Pour un trader, c’est souvent plus important que la “pure détention” de l’actif.

Le Spot sur l’or existe sur Binance, mais il est surtout utilisé comme une exposition passive.
Les Futures, eux, répondent à une logique de trading, de gestion du risque et de lecture macro.
Ce n’est pas une question de bien ou mal.
C’est une question d’objectif.
#DYOR $PAXG
$XAU