Old seasoned investors say: 80k is a threshold I've seen too many times, always dragging on like this 🙄


$BTC Now it's at $80,142, just hovering around 80k, not daring to speak loudly even with a 0.32% increase. Watching today’s volatility only at 1.67%, I recall the old "sideways trading is the biggest good news" theory... Never mind, those are just comforting lies we tell ourselves.
Interestingly, the fear and greed index has dropped to 38, and the Fear mode is activated. I remember the last time the index was this low, everyone was shouting "buying opportunity is here," only to get trapped again. Perpetual funding rate is -0.0015%, bears still have a slight advantage, but it’s not too extreme.
The 24-hour trading volume of 80k... how to put it, not too cold, but not the kind of madness during sharp rises and falls either. This is how the market is now, unable to move up or break down, just slowly wearing down everyone’s patience.
Anyway, old seasoned investors have experienced the crash from 20k to 3,200 in 2017, and also saw the brutal drop from 69k to 16k in 2021. Now this frustrating sideways trading actually makes me feel like "calm before the storm." The quieter the market, the more uneasy I feel... Or maybe I’m overthinking it, after all, even cutting the chives has become gentle now 😅
BTC0.08%
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