#BITCOIN
The outlook for $BTC is packed with volatility and a cautious sentiment in the market.
1. Price drops below the $64,000 barrier
After losing momentum over the past few days, Bitcoin recorded a daily drop of around 2.5% - 3%, trading in the range of $62,500 to $63,000.
2. Wave of liquidations and "Extreme Fear"
The pullback in the last 24 hours triggered a major shakeout for leveraged traders. Liquidations exceeding $452 million were recorded in the crypto market, primarily impacting those holding long positions (betting on price increases). Additionally, the Fear and Greed Index (#fearandgreedindex ) plummeted to 14/100, placing the overall investor sentiment in the "Extreme Fear" zone.
3. Institutional pressure and ETF outflows
Several analysts attribute this bearish trend to the ongoing outflows from spot Bitcoin ETFs in the U.S., coupled with market fears that large corporate firms exposed to crypto may be forced to sell part of their reserves to stabilize their own stocks following recent tech downturns. #BitcoinETFs
4. G7 Summit focuses on crypto hacks
On the international regulatory front, G7 leaders agreed to tighten tracking and technological security measures aimed directly at hacking groups that use cryptocurrencies to fund illicit activities and evade international sanctions.
The outlook for $BTC is packed with volatility and a cautious sentiment in the market.
1. Price drops below the $64,000 barrier
After losing momentum over the past few days, Bitcoin recorded a daily drop of around 2.5% - 3%, trading in the range of $62,500 to $63,000.
2. Wave of liquidations and "Extreme Fear"
The pullback in the last 24 hours triggered a major shakeout for leveraged traders. Liquidations exceeding $452 million were recorded in the crypto market, primarily impacting those holding long positions (betting on price increases). Additionally, the Fear and Greed Index (#fearandgreedindex ) plummeted to 14/100, placing the overall investor sentiment in the "Extreme Fear" zone.
3. Institutional pressure and ETF outflows
Several analysts attribute this bearish trend to the ongoing outflows from spot Bitcoin ETFs in the U.S., coupled with market fears that large corporate firms exposed to crypto may be forced to sell part of their reserves to stabilize their own stocks following recent tech downturns. #BitcoinETFs
4. G7 Summit focuses on crypto hacks
On the international regulatory front, G7 leaders agreed to tighten tracking and technological security measures aimed directly at hacking groups that use cryptocurrencies to fund illicit activities and evade international sanctions.