🚨 FEAR & GREED JUST HIT 20: EXTREME FEAR 😨
The index fell to 20 today, down from 28 yesterday (alternative.me). $BTC is at $71,223, down 3.9% in 24h, its lowest in nearly 3 months. $ETH at $2,013, down 2.4%.
Why it matters: 20 is fear, not capitulation. This year's real bottoms printed 9 and 11. History agrees: readings at 28 or below left BTC higher only 55% of the time after 30 days (Coinspeaker).
Counter-signal: spot BTC ETFs took in +$3.3M yesterday after -$299.8M the day before (Farside). The bleeding nearly stopped.
What to watch: $70,000. Lose it and the next floor is $69,600. PPI lands 8:30 AM ET today.
Capitulation, or just the first leg down? 🐂🐻
Not financial advice. DYOR.
#crypto #bitcoin #fearandgreed
The index fell to 20 today, down from 28 yesterday (alternative.me). $BTC is at $71,223, down 3.9% in 24h, its lowest in nearly 3 months. $ETH at $2,013, down 2.4%.
Why it matters: 20 is fear, not capitulation. This year's real bottoms printed 9 and 11. History agrees: readings at 28 or below left BTC higher only 55% of the time after 30 days (Coinspeaker).
Counter-signal: spot BTC ETFs took in +$3.3M yesterday after -$299.8M the day before (Farside). The bleeding nearly stopped.
What to watch: $70,000. Lose it and the next floor is $69,600. PPI lands 8:30 AM ET today.
Capitulation, or just the first leg down? 🐂🐻
Not financial advice. DYOR.
#crypto #bitcoin #fearandgreed
