The market is in full "Panic Mode" today. $BTC has officially dipped below $70k for the first time in 15 months, and the liquidations are staggering. With the Fear & Greed Index hitting a chilling 12 (Extreme Fear), here is what you need to know:
🔍 Why the Bloodshed?
1. Geopolitical Heat: Tensions in the Gulf (US-Iran) are driving a massive "risk-off" move across all global markets.
2. Liquidation Cascade: We just saw $722M in long positions liquidated in 24 hours. When $74k broke, the dominoes fell fast.
3. The "Crisis of Faith": Bitcoin is currently 45% below its October peak ($126k). Many are questioning the "inflation hedge" narrative as Gold rises and BTC falls.
📉 Critical Levels to Watch
• Support: $68,000 (The 200-week EMA). If this fails, the next stop is $65k.
• Resistance: $74,600. We must reclaim this to stop the bleeding.
✅ My Move:
I am NOT panic selling. Historically, when the Fear & Greed index hits 12, it’s usually the time to start scaling back in, not out. I’m looking for "strength signals" at the $68k level.
#bitcoin #BTC☀ #MarketUpdate #CryptoNews #Liquidations 