The Crypto market just experienced a classic "technical pullback" as Bitcoin dropped to the $76,xxx range.
- The Fear Index plummeted to 28, and the crowd is panicking due to macro news (rising oil prices, US-Iran geopolitical tensions) and the fact that ETF funds have pulled out over 1.1 billion USD.
However, from my perspective, this is merely a "bloodbath" to shake out leveraged positions, allowing the whales to force retail traders to dump their holdings at low prices, gearing up for a more sustainable rally.
Are you holding cash waiting to scoop up some bargains or have you "closed the app and gone to sleep"? Comment below to share with Thành baki! 👇
$BTC
- The Fear Index plummeted to 28, and the crowd is panicking due to macro news (rising oil prices, US-Iran geopolitical tensions) and the fact that ETF funds have pulled out over 1.1 billion USD.
However, from my perspective, this is merely a "bloodbath" to shake out leveraged positions, allowing the whales to force retail traders to dump their holdings at low prices, gearing up for a more sustainable rally.
Are you holding cash waiting to scoop up some bargains or have you "closed the app and gone to sleep"? Comment below to share with Thành baki! 👇
$BTC