Mohsin saim

$BTC 🖇️ $BNB 🖇️ $ETH 🌪️ What happened on Thursday? A storm in the market What we experienced this Thursday was one of the strongest drops in crypto history. Imagine that more than $2.6 billion were wiped out in liquidations (money that exchanges forcibly close for traders operating with borrowed money who do not have enough to cover the losses). Bitcoin fell to $60,000, its lowest point since October 2024. But here comes the interesting part: According to the RSI (a metric that measures how stretched the price is), Bitcoin entered oversold territory (when the price drops so much and so fast that historically a bounce tends to come soon). And effectively, as soon as the market awoke in Asia, the price bounced from $60,000 to $65,000. It's not just cryptos... Even traditional markets are having a hard time. The Nasdaq 100 (the index that groups the largest tech companies in the U.S.) has fallen by 6%, and even gold and silver have dropped. In the futures world (where people bet on the future price of a currency), for the first time since March 2025, the total market value fell below $100 billion. Additionally, financing rates (the small interest paid between those betting on whether prices rise or fall) became negative. This means that now there are many people betting that the price will continue to fall. What is our mindset today? 🧘🏻‍♀️ We are seeing levels of extreme fear, even in BlackRock's options (the largest fund manager in the world). But remember: the big players like Cathie Wood take advantage of this chaos to readjust their pieces with a calm mind. While the market cleans itself of those trading with too much risk, we maintain our mental peace and stick to our plan. And you, do you see this bounce to $65,000 as a sign of relief or do you think we still have more drops to see before calm returns? #noticie #RiskAssetsMarketShock #MarketCorrection