Over $1B got liquidated in the last 24 hours, and 90% of it was longs. $ETH alone took a $449M hit, $BTC another $274M. People keep betting on the bounce and the market keeps wiping them out.
Fear & Greed is at 29 — Fear. Up a touch from 28 yesterday, but still fear for the fourth day in a row. $BTC is sitting around $74K, $ETH around $2,100, both sliding.
My take: fear this deep usually shows up near bottoms, but a $1B wipeout with longs taking 90% of it tells me dip-buyers are still jumping in too early. I need to see the flush stop and price actually hold before I call anything a bottom.
Are you buying this fear, or waiting for confirmation?
No buy/sell call, just the market. Not financial advice.
#Bitcoin #Ethereum #Crypto
Fear & Greed is at 29 — Fear. Up a touch from 28 yesterday, but still fear for the fourth day in a row. $BTC is sitting around $74K, $ETH around $2,100, both sliding.
My take: fear this deep usually shows up near bottoms, but a $1B wipeout with longs taking 90% of it tells me dip-buyers are still jumping in too early. I need to see the flush stop and price actually hold before I call anything a bottom.
Are you buying this fear, or waiting for confirmation?
No buy/sell call, just the market. Not financial advice.
#Bitcoin #Ethereum #Crypto
