🚀 BTC V-SHAPE REVERSAL! Bitcoin Blasts Back Above $93k After $84k Scare—Extreme Volatility Dominates! 💥
Title: Altcoins Lag: $ENA (-17%) & $OP (-13%) Hit Hardest While High-Beta Tokens $SUI (+28%) and $PEPE (+17%) Defy the Crash!
Body:
The crypto market delivered a seismic volatility event, characterized by a massive liquidation cascade. Bitcoin plunged to a low of $84,085.00 before executing a swift and powerful V-shaped recovery, with futures prices now trading around $93,373.9. ETH also followed suit, recovering from 2,831.95 back above 3,000.
The Crypto Fear & Greed Index is currently in the Fear zone, reading at 27, reflecting a notable improvement from the Extreme Fear low of 18 last week. Historically, extreme fear levels have often coincided with local bottoms for BTC.
📉 The Altcoin Lag: Deep Damage & Risk-Off Rotation
Altcoins were hit disproportionately harder and are struggling to follow BTC's lead. This behavior signals a shift to risk-off sentiment, where investors often rotate capital from riskier altcoins back to the more established BTC:
$ENA/FDUSD (DeFi): Still showing the largest sustained loss, down -17.74% at 0.2397.
$OP/FDUSD (Layer 2): Deeply down by -13.27% to 0.2810.
$BNB/FDUSD: Reeling from the crash, down -9.41% at 815.12.
$LTC/FDUSD: Down -10.47% at 75.63.
$TAO/FDUSD (AI/L1): Down -12.87% at 258.0
Will BTC hold 93k and overcome the key resistance clusters above it? 👇
