$BTC
The majority of liquidity sits on top.
What comes next is obvious. https://t.co/Svg4TMVo3M
$BTC
The majority of liquidity sits on top.
What comes next is obvious. https://t.co/Svg4TMVo3M
🚨 TODAY: Crypto Fear & Greed Index falls to 12, signaling extreme fear. https://t.co/xqsK107x2m
THE RALLY WAS A TRAP AND NOW BITCOIN IS AT $66K.
Profitability collapsing.
Realized losses surging.
Spot sellers back in full control.
We are now trading below the ETF cost basis.
- Every institutional buyer who entered through an ETF is underwater.
- Every short term holder is deep in the red.
- Every bull narrative from the past 3 months has been erased.
Options market pricing elevated risk.
This is not a dip.
This is a structural breakdown playing out in real time.
The rally that felt real
The recovery that felt confirmed
The bottom that felt obvious
Wasn't any of those things.
The market just showed everyone exactly who was right.
And it wasn't the bulls.
Bitcoin (BTC) is a digital asset and a payment system invented by Satoshi Nakamoto who published a related paper in 2008 and released it as open-source software in 2009. The system featured as peer-to-peer; users can transact directly without an intermediary. Transactions are verified by network nodes and recorded in a public distributed ledger called the blockchain. The ledger uses bitcoin as its unit of account. The system works without a central repository or single administrator, which has led the U.S. Treasury to categorize bitcoin as a decentralized virtual currency. Bitcoin is often called the first cryptocurrency, although prior systems existed. Bitcoin is more correctly described as the first decentralized digital currency. It is the largest of its kind in terms of total market value by now.