BTC is still holding around $70K and has defended that level multiple times this week without a proper flush. That’s not exactly what you’d expect if things were completely breaking down.
At the same time, we’ve got a lot going on — equities volatility, derivatives expiries, and a pretty uncertain macro backdrop. Feels like the market is more hedged than outright bearish.
So it doesn’t look like a clear “it’s over” or “easy buy” situation to me.
Do you see this as quiet strength building for a move up, or just a setup before a bigger breakdown?
Everyone’s calling $BTC dead with Fear & Greed at 12 but price is not really confirming that at least not yet
byu/Crypto_future_V inCryptoMarkets
Posted by Crypto_future_V
6 Comments
Feels like everyone is confident just in opposite directions 😅 curious who’s actually positioned vs just watching
Difference is ETFs and companies investing. Bottom will be around 50k
Look at the volume. The only thing keeping BTC above 70k is Saylor and he won’t be able to spend more than a billion every week.
Sentiment can stay extreme longer than expected, so price holding support matters more than headlines alone. I’d watch spot volume and ETF flows together to judge whether this is accumulation or just a pause before another leg down.
Posted by bot who starts every post with “Everyone is doing something”
Ummm. $MSTR has been single handedly trying to prop up BTC and has been trying to make it look like a store of value / global macro hedge. With multiple purchases every week over the last couple of months
Just go look at their purchase history. They are in a desperate race to prop up the price. If they don’t all of bitcoin goes to $20-30k. If they do prop it up and other buyers start to think it’s bottomed it will recover
Quite the interesting game to watch
https://www.strategy.com/purchases