Bitcoin is bleeding into Extreme Fear territory and the chart isn't pretty. BTC is trading at 62,729 USD, down 1.92% in 24 hours and 4.47% on the week, dragged lower by a Nasdaq selloff and a brutal 10% AI stock crash.
706M USD in liquidations hit in just 24 hours, with 84% coming from longs. High leverage got punished hard. Six straight weeks of ETF outflows have piled on the pressure, but there's a crack of light: spot ETFs flipped positive on June 23 with 39.2M USD in net inflows, and Strategy plus Strive kept stacking on the dip.
The Fear and Greed Index sits at 24, RSI near 45. Weak, not yet oversold. The line in the sand is 60,000 to 62,500 USD. Hold it and this is just a reset. Lose it and forced selling accelerates fast.
Watch this zone closely before your next move.
#Bitcoin #BTC #CryptoMarket #ExtremeFear #BTCUSD
By Wajid Zwak | AlphaMetrics1
706M USD in liquidations hit in just 24 hours, with 84% coming from longs. High leverage got punished hard. Six straight weeks of ETF outflows have piled on the pressure, but there's a crack of light: spot ETFs flipped positive on June 23 with 39.2M USD in net inflows, and Strategy plus Strive kept stacking on the dip.
The Fear and Greed Index sits at 24, RSI near 45. Weak, not yet oversold. The line in the sand is 60,000 to 62,500 USD. Hold it and this is just a reset. Lose it and forced selling accelerates fast.
Watch this zone closely before your next move.
#Bitcoin #BTC #CryptoMarket #ExtremeFear #BTCUSD
By Wajid Zwak | AlphaMetrics1