๐๐๐ง๐ญ๐ข๐ฆ๐๐ง๐ญ ๐๐ก๐๐๐ค โ ๐๐ฑ๐ญ๐ซ๐๐ฆ๐ ๐ ๐๐๐ซ ๐จ๐ซ ๐๐ฑ๐ญ๐ซ๐๐ฆ๐ ๐๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ฒ?๐
The "Fear & Greed Index" is sitting at a bone-chilling 16 (Extreme Fear). With $2 trillion wiped from the total crypto market cap since October, it feels like the "winter" has returned.
The Reality๐ซง:
Bitcoin hit a local low of $63,295 today. While retail is panicking, institutional outflows from ETFs are the primary driver of this sell-off.
Watch the $63k Support:
If $63k holds over the weekend, we could see a massive "Short Squeeze" as traders bet too heavily on the downside.