BTC today is getting absolutely wrecked—down hard, trading around $65,000–$68,000 after smashing through $70k like it was nothing. We're talking 10%+ drops in a single day, wiping out basically all the post-election pump gains from late 2024, and now sitting at levels not seen since late 2024/early 2025. From the peak around $125k–$126k last fall, that's a brutal ~44–48% haircut. Fear & Greed Index is in the shitter at like 11 (extreme fear territory).
This isn't some gentle correction; it's a full-on crypto bloodbath with forced deleveraging, margin calls, and everyone running for the exits. Stocks are sliding too, tech getting hammered, risk-off mode everywhere. The "Trump pump" narrative? Dead and buried for now. People hyped regulation easing and pro-crypto vibes, but reality hit: macro sucks, leverage unwinds fast, and BTC reminds everyone it's still volatile as fuck.
Short term? Looks ugly—some calling for $60k, others whispering $40k if it keeps cascading. But crypto's a casino on steroids; these crashes have historically been the setup for the next vicious leg up when the panic exhausts itself. HODLers are bleeding, paper hands are crying, degens are liquidated. Classic BTC.
Either way, today sucks if you're long.
#BTC #cryptocrash #BearMarket #Hold #CryptoWinter #ToTheMoonEventually
#FuckingVolatility #ShareYourThoughtOnBTC