𝙒𝙝𝙮 𝙈𝙖𝙧𝙠𝙚𝙩 𝙞𝙨 𝘿𝙪𝙢𝙥𝙞𝙣𝙜 𝙀𝙫𝙚𝙧𝙮𝙙𝙖𝙮

- Stochastic RSI hit its lowest level in Bitcoin's entire history

- Fear & Greed Index at 12 (extreme fear)

- Implied volatility spiked to 75% - highest since the ETF launch in 2024

- Dropped below its market mean for the first time in 924 days (over 2.5 years)

The Selloff Details:

On Feb 3rd, major exchanges including dumped over 55,850 BTC ($5B+) in just 30 minutes. That triggered $619M in liquidations, mostly longs getting wrecked. Trading volume on Feb 5th hit the highest of 2025.

Institutional Moves:

- MicroStrategy sitting on $2-2.3B unrealized loss

- Weekly ETF outflows of $1.47B

- World Liberty Financial sold $5M+ worth

- Bhutan dumping holdings

- Treasury Secretary Bessent confirmed no government Bitcoin bailout

Technical Picture:

Bitcoin is now trading 20% below estimated mining production cost. Futures open interest collapsed from $61B to $49B in a week. The capitulation metric just printed its second-largest spike in two years. Weekly RSI at levels last seen in early 2023.

And it Touched Exactly 60,000 on Binance SPOT. let's see how it's recover From here.