$BTC has slid under $60K to multi-year lows - roughly 52% off October's $126,198 peak with Fear & Greed pinned at 17 (Extreme Fear).

One correction on the framing: the inflation data isn't pending, it already landed. May PCE printed Wednesday at 4.1% YoY, core at 3.4%, both hotter than hoped.

That's the catalyst already in the tape, not a coin-flip waiting on the calendar. Sticky inflation under a hawkish Fed quietly kills the rate-cut bid that risk assets were leaning on.

The engine of the bleed isn't mood - it's flows. Sustained ETF outflows and capital rotating into AI equities did the heavy lifting. Oversold doesn't equal a bottom (2022 sat below key support for months), but Extreme Fear is where capitulation tends to cluster.

Levels traders are watching: $55K as downside support, $62-65K as the reclaim that would shift tone. Flows decide which breaks first, not sentiment. DYOR.
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