Bitcoin drops below the “Fire Sale” range; the Fear Index falls to 12, matching the level seen when FTX collapsed.


Bitcoin’s price breaks below the lowest “Basically a Fire Sale!” range on the rainbow chart—marking the second time since the FTX collapse.
Next, you need to watch three things: whether related funds keep flowing in, whether on-chain trading volume and open positions continue to expand, and whether the project team or regulators provide new confirmation information. A single breaking news item can only show that sentiment has been ignited; the subsequent data will determine whether it can solidify into a trend.
Risks should also be laid out clearly: at the same time, the Fear and Greed Index drops to 12, indicating extremely pessimistic market sentiment.
$btc #ftx #On-chain data #监管 #Blockchain
BTC-0.31%
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