Here’s something counterintuitive: ETF outflows for 7 straight days totaling -$1.96B. Just IBIT alone racked up -$1.3B, while the big picture only dropped by less than 1 point. Two months ago you would’ve already seen it hit $55K— the $58K support zone was tested three times but never broken through.
On-chain data is even more wild: on June 11, when the $60K panic sell-off hit, big players gobbled up 11,422 $BTC that day, and the exchange’s net flow flipped from positive to negative. Retail cut and ran, while the whales below turned on the vacuum cleaner. Even grandpas know this—when Luna/3AC collapsed in 2022, it was the same move.
The fear index is 37, rebounding nicely from 13 last week. The RSI has been sitting in the oversold zone for a week. $58K is the last stronghold—if it fails to break after three tests, then flipping back up means $62K.
What do you think about this move?
# $BTC #链上数据 #Whale activity
On-chain data is even more wild: on June 11, when the $60K panic sell-off hit, big players gobbled up 11,422 $BTC that day, and the exchange’s net flow flipped from positive to negative. Retail cut and ran, while the whales below turned on the vacuum cleaner. Even grandpas know this—when Luna/3AC collapsed in 2022, it was the same move.
The fear index is 37, rebounding nicely from 13 last week. The RSI has been sitting in the oversold zone for a week. $58K is the last stronghold—if it fails to break after three tests, then flipping back up means $62K.
What do you think about this move?
# $BTC #链上数据 #Whale activity