😱【Second Time in History! Bitcoin Drops into the “Dead” Zone, but Institutions Are Quietly Buying the Dip?】



Brothers, I just took a look at the overall market— $BTC ‌it directly dropped to around 60,800, down nearly 3% in 24 hours. Even more outrageous: the lowest “Bitcoin is dead” purple zone on the Rainbow Chart has been broken for the second time in history!

The last time it dropped into this range was at the cycle bottom of $15,000 in 2022. How about this time—does history repeat itself, or is the model failing? Analysts are arguing nonstop.

💥In the past 1 hour, nearly $100 million was liquidated; over the past 24 hours, more than $700 million was liquidated across the whole network. The longs really got wiped out.

But what’s interesting is—Morgan Stanley is again buying on the dip, snapping up 126 BTC, and Hong Kong-listed company CIMG also spent $13.5 million to buy 208 BTC. Big institutions are catching falling knives?

📉Technicals are indeed ugly: the neckline of the head-and-shoulders top pattern has been broken, and some people are seeing 57K. But on Friday, $13 billion in options are set to expire, and around 60,000 there is a massive wall of Put options propping things up. The battle between bulls and bears has reached the most intense moment.

🔔On the macro front, the U.S. House of Representatives has just passed a bill to prohibit the Fed from issuing a CBDC before 2030, and Trump may sign it. This matter doesn’t have a direct impact in the short term, but it’s bullish for the crypto landscape in the long run.

Markets are always born out of despair. The “dead” zone on the Rainbow Chart, historically, is an extremely fearful signal—and a game for the brave. Do you choose panic, or do you see an opportunity?

👇Let’s talk in the comments: at $60,000, do you think it can hold?

#BTC #比特币 #加密市场 #行情分析
BTC-4.66%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments