FNG 25 Extreme Fear

BTC 64K
These two numbers shouldn’t appear at the same time
This week BTC did a V
On Monday it was smashed to 62.3K
On Tuesday it pulled back to 65K
On Wednesday it touched 65.6K but didn’t break through
On Thursday and Friday it slid back to 63.8K
The price is back, but fear isn’t back
I looked through the history
In March 2023, when SVB blew up
BTC 24K, FNG 25
Now BTC is 2.7x what it was then
Fear is identical
What is the market afraid of?
The ETF hasn’t stopped
Stablecoins haven’t run
Big whales haven’t dumped
Fear just won’t retreat
I think there are two things
65.6K didn’t break, and the bulls’ courage was collected
Anxieties from the US stock market have spilled over too
Next week, watch 65.6K
If it breaks, the narrative shifts from “waiting to die” to confirmation
If it doesn’t, keep grinding in the 63–65 range
Which side do you see it on?