$BTC SLIPS UNDER $60K – WINTERMUTE FLAGS DEEPER CYCLE BOTTOM 📉
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The Fear and Greed Index sitting at 18–24 confirms we're in extreme territory, matching historical bear market bottoms. Roughly half of Bitcoin’s circulating supply is now at an unrealized loss, yet spot ETFs have seen net outflows of about $1.8B recently—liquidity is not returning.
Wintermute notes that seasonal effects make a summer bottom unlikely, with a potential true floor around September to October. The macro picture remains heavy, but structure suggests we may need one more leg down before accumulation begins in earnest.
Are you building a position here or waiting for that final sweep?
Not financial advice. Always manage your risk.
#BTC #BearMarket #CryptoAnalysis #FearAndGreed #Wintermute
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Body
The Fear and Greed Index sitting at 18–24 confirms we're in extreme territory, matching historical bear market bottoms. Roughly half of Bitcoin’s circulating supply is now at an unrealized loss, yet spot ETFs have seen net outflows of about $1.8B recently—liquidity is not returning.
Wintermute notes that seasonal effects make a summer bottom unlikely, with a potential true floor around September to October. The macro picture remains heavy, but structure suggests we may need one more leg down before accumulation begins in earnest.
Are you building a position here or waiting for that final sweep?
Not financial advice. Always manage your risk.
#BTC #BearMarket #CryptoAnalysis #FearAndGreed #Wintermute
⚡