๐จ BREAKING: Bitcoin Breaks $75K โ Is the Bottom In?
The Fear & Greed Index is flashing Fear (scoring 28-39) as #bitcoin officially breaks below the key psychological level, currently trading at $74,618.50.
Here is what you need to know this morning๐
1๏ธโฃ Whale Liquidations: Massive perpetual leverage is getting tested. Short positions hold a 51.31% majority, piling pressure on the order books.
2๏ธโฃ SEC Regulatory Hold: The SEC has officially delayed its framework to allow crypto firms tokenisation trading exemptions for US stocks.
3๏ธโฃ Macro Headwinds: Federal Reserve changes with Paul Warsh taking over are causing traditional finance risk asset managers to stay cautious.
๐ Is this a bear trap, or are we heading lower to test $72k next? ๐ค
Drop your targets below๐
#BTC #CryptoNews #whalealerts #BinanceSquare
The Fear & Greed Index is flashing Fear (scoring 28-39) as #bitcoin officially breaks below the key psychological level, currently trading at $74,618.50.
Here is what you need to know this morning๐
1๏ธโฃ Whale Liquidations: Massive perpetual leverage is getting tested. Short positions hold a 51.31% majority, piling pressure on the order books.
2๏ธโฃ SEC Regulatory Hold: The SEC has officially delayed its framework to allow crypto firms tokenisation trading exemptions for US stocks.
3๏ธโฃ Macro Headwinds: Federal Reserve changes with Paul Warsh taking over are causing traditional finance risk asset managers to stay cautious.
๐ Is this a bear trap, or are we heading lower to test $72k next? ๐ค
Drop your targets below๐
#BTC #CryptoNews #whalealerts #BinanceSquare