🚨 FEAR & GREED AT 11, EXTREME FEAR IS HERE 🩸😱
👀 Heads up because this is where most traders usually lose their cool
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The index
#fearandgreedindex is at 11 points, a zone of extreme fear that rarely shows up during a bullish cycle 🚨📉
📊 Bitcoin is hovering around $66,789 after one of the biggest liquidations of the year
🩸 Over $1.5 billion in
#long s liquidated
🩸 Hundreds of thousands of
#trader s flushed from the market
🩸 Panic over Mt. Gox
🩸 Fear regarding movements of
#BlackRock 🩸 Rumors about
#strategy No kidding, there are plenty of reasons to be scared 😭
🐳 But here comes the interesting part
Historically, the lowest levels of Fear & Greed tend to show up when most have already sold or are thinking about selling 💀
😈 Market makers don’t buy when everyone is happy
😈 They buy when no one wants to touch Bitcoin
😈 They buy when headlines say that
$BTC is going to 40k or 30k
🔥 What many aren’t seeing is that this fear is quite justified
Because the drop has been significant
Because the liquidations were massive
Because technically the market remains weak
But it’s also true that the biggest rebounds for Bitcoin often occur precisely when sentiment is crushed 🐳
📉 Can it keep dropping?
Sure can
📉 Can it visit 60k?
Absolutely
📉 Even lower?
Not impossible either
But the more fear that appears, the closer we usually are to the moment when the big players start accumulating 💰🐳
😭 Don’t trade, for real
Because a month ago, most saw 100k
Today many see 50k
And Bitcoin has been punishing those who think the future is obvious for over 15 years 😂🩸
🔥 This is getting intense
👀 Do you think this Fear & Greed at 11 marks a historic opportunity or is there still one last shakeout to send everyone into total panic? 🐳📉🚀🩸🔥