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Plus: Is this the bottom or just a break before another leg down? |
The mood of the crypto market? Dizzy. Suspicious. Mildly offensive. But somehow we still can't stop looking at the charts. Extreme fear is still running hot. Bitcoin's still trading below $90K. But here's the slightly better news: the worst of the price drop seems to have slowed (for now, at least). Not reversed... just stopped bleeding for a moment.
Basically, we're in that awkward middle zone where everyone's trying to figure out whether this is a real bottom or just a break before another leg down. And the answer? Honestly, it depends on who you ask. 👉 Some analysts point to rising expectations of Fed rate cuts - not immediately, but close enough for risk assets to perk up. 👉 Others point to more than $1B in recent institutional outflows and generally shaky liquidity conditions, which is usually not the recipe for a quick recovery. Translation: part of the market sees a rebound forming, the rest sees more downside risk. But here's the interesting part - Bitcoin's down 20% - 30%, fear is maxed, market cap is ~$3T... and yet buyers are still there. That's not how a true cycle top usually behaves. 👉 If this were a true unwind, the panic would be harsher. 👉 If it's a mid-cycle reset, this level of fear is exactly what you tend to see right before things reverse. So the whole question comes down to one line: do we reclaim $90K - $95K, or do we fall back into the $80K basement to scream into a pillow again? Either way, crypto woke up dazed today - but it's back on its feet, blinking hard, trying to remember where it left its confidence.
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