JUST IN: GameStop Deposits Full Bitcoin Holdings to Coinbase as Market Sentiment Hits "Extreme Fear."
The market is on edge today as on-chain data reveals GameStop has moved its entire Bitcoin treasury to Coinbase Prime, fueling intense speculation of an impending corporate liquidation. This move coincides with a broader "risk-off" environment where the Fear & Greed Index has plunged to a chilling 25.
This matters because we are seeing a massive divergence between institutional resilience and retail panic. While roughly $1.7 billion has been liquidated in recent sessions, venture capital remains aggressive, with crypto startups securing $362 million in funding this week alone.
Bitcoin is currently fighting to maintain the $89,600 support level. Despite the negative headlines, spot buyers are actively absorbing the sell-side pressure. If this floor holds, the current "Extreme Fear" may mark a local capitulation bottom rather than a deeper crash.
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JUST IN: GameStop Deposits Full Bitcoin Holdings to Coinbase as Market Sentiment Hits "Extreme Fear."
The market is on edge today as on-chain data reveals GameStop has moved its entire Bitcoin treasury to Coinbase Prime, fueling intense speculation of an impending corporate liquidation. This move coincides with a broader "risk-off" environment where the Fear & Greed Index has plunged to a chilling 25.
This matters because we are seeing a massive divergence between institutional resilience and retail panic. While roughly $1.7 billion has been liquidated in recent sessions, venture capital remains aggressive, with crypto startups securing $362 million in funding this week alone.
Bitcoin is currently fighting to maintain the $89,600 support level. Despite the negative headlines, spot buyers are actively absorbing the sell-side pressure. If this floor holds, the current "Extreme Fear" may mark a local capitulation bottom rather than a deeper crash.
#Bitcoin #GameStop #MarketAnalysis