Why Bitcoin Is Capitulating: ETF Outflows, OI Crash, and Fear
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- Bitcoin price has dropped below $71k amid heightened selling pressure.
- Bhutan moved $22M BTC to QCP as Bitcoin open interest fell $40B from its peak.
- Bitcoin led liquidations with $409M wiped out as long squeeze boosts bearish momentum.
Bitcoin (BTC) price has dropped more than 20% in the past seven days to trade at about $70,488 on Thursday, February 5. For the first time since November 2024, the Bitcoin price has slipped below $71k, amid extreme fear of further capitulation.
Following Bitcoin’s 7.7% drop in the past 24 hours, CoinMarketCap’s Fear and Greed Index plunged to 11, which represents extreme fear among crypto traders.
Why Is Bitcoin Price Capitulating?
Low institutional demand amid OI capitulation
Bitcoin’s price has faced intense bearish sentiment in recent months, driven by low liquidity inflows. According to market data analysis from SoS…
Read The Full Article Why Bitcoin Is Capitulating: ETF Outflows, OI Crash, and Fear On Coin Edition.
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Bitcoin (BTC) Price Prediction: BTC Slips Below Key Levels as Derivatives Cool and Bhutan Sells
Bitcoin’s slides to $70,000 triggering structural crisis that could make FTX collapse look like child’s play
Why Bitcoin Is Capitulating: ETF Outflows, OI Crash, and Fear
Share:
- Bitcoin price has dropped below $71k amid heightened selling pressure.
- Bhutan moved $22M BTC to QCP as Bitcoin open interest fell $40B from its peak.
- Bitcoin led liquidations with $409M wiped out as long squeeze boosts bearish momentum.
Bitcoin (BTC) price has dropped more than 20% in the past seven days to trade at about $70,488 on Thursday, February 5. For the first time since November 2024, the Bitcoin price has slipped below $71k, amid extreme fear of further capitulation.
Following Bitcoin’s 7.7% drop in the past 24 hours, CoinMarketCap’s Fear and Greed Index plunged to 11, which represents extreme fear among crypto traders.
Why Is Bitcoin Price Capitulating?
Low institutional demand amid OI capitulation
Bitcoin’s price has faced intense bearish sentiment in recent months, driven by low liquidity inflows. According to market data analysis from SoS…
Read The Full Article Why Bitcoin Is Capitulating: ETF Outflows, OI Crash, and Fear On Coin Edition.
In This News
Share:
In This News
Share:
Read More
Bitcoin (BTC) Price Prediction: BTC Slips Below Key Levels as Derivatives Cool and Bhutan Sells