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Today the crypto space experienced a "Black Friday." BTC broke below the 60k mark and hit a low of 58k. Over 150k people were liquidated across the network, and the Fear Index dropped to 13, indicating extreme fear. The trigger was the hot May PCE inflation (4.1%) combined with hundreds of billions of dollars in options expiration, reigniting expectations of Fed rate hikes. On the political front, U.S. Senator Lummis set July 4th as the deadline for the crypto bill, and India will also discuss regulations in July.
The market, like the candlestick chart, is mostly bearish with far more red than green, while you sit quietly on the mountain peak, waiting for the dawn when the clouds disperse. $ETH