๐ฅ Gaanga Crypto โ Market Breakdown: Bitcoin Stuck in Sideways Mode
Bitcoin has officially entered a sideways trend, moving between $80,000โ$100,000 for the past 3 weeks.
Analysts are calling this the โphase of disappointment,โ as traders prepare for a potential crypto winter.
Key Market Signals
๐ป $451M liquidations in 24 hours
โข Long traders lost $293M
โข Short traders lost $157M
High volatility, low direction โ classic sideways market behavior.
๐จ Fear & Greed Index drops to 20/100
Extreme fear is dominating, showing traders are actively selling.
๐ ETF Outflows Hit Bitcoin & Ethereum
โข BTC spot ETFs saw โ$87.7M outflow
โข ETH funds lost โ$65.6M
Investors are taking money off the table instead of buying dips.
๐ Options Market Says: Sideways Continues
Deribit traders are selling December contracts to lock profits, expecting low volatility and little upside this month.
๐ S&P 500 now outperforming Bitcoin
For the first time in 10+ years, the stock market is beating BTC โ another reason traders expect a winter phase.
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Gaanga Crypto View
Bitcoinโs sideways structure shows the market is cooling down, not crashing.
Whales and ETF flows indicate position reshuffling, not long-term weakness.
Sideways phases usually build big accumulation zones before the next strong move.
Patience is strategy.
Fear creates opportunity.
Winter builds winners.
#BTC #GaangaCrypto #bitcoinupdate2024 #CryptoMarket #CryptoNews
