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BTC dropped 16%—Is it a correction or the end?
On May 28, BTC peaked at $74,533, and today it reached $62,399, a 16% pullback.
The Fear and Greed Index is at 22, in the extreme fear zone.
A few key signals: 📉 Over the past 22 trading days, spot ETF has had 19 days of net outflows, totaling about $5 billion 🐋
Institutional divergence—Marathon bought 1,000 BTC against the trend last week, but more whales are watching 🔑
$60,000 is the most critical support level in this round; do not hastily judge the end of the bull market before it breaks.
My view: This is a normal "shakeout correction" in the mid-stage of the bull market, not a trend reversal.
But before ETF capital flows stabilize, the rebound should be viewed as a bounce, don’t chase. 👉
What do you think is the lowest BTC could go? Write your number in the comments.
On May 28, BTC peaked at $74,533, and today it reached $62,399, a 16% pullback.
The Fear and Greed Index is at 22, in the extreme fear zone.
A few key signals: 📉 Over the past 22 trading days, spot ETF has had 19 days of net outflows, totaling about $5 billion 🐋
Institutional divergence—Marathon bought 1,000 BTC against the trend last week, but more whales are watching 🔑
$60,000 is the most critical support level in this round; do not hastily judge the end of the bull market before it breaks.
My view: This is a normal "shakeout correction" in the mid-stage of the bull market, not a trend reversal.
But before ETF capital flows stabilize, the rebound should be viewed as a bounce, don’t chase. 👉
What do you think is the lowest BTC could go? Write your number in the comments.