💣 Everyone who opened the market this morning saw the same scene: most currencies are in red, and those who said they were entering on a rise were shocked by the reality that the market is correcting.
🔥 The heatmap is screaming.
Most currencies are in red = collective bleeding. Bitcoin is down 2.6%. Ethereum took a bigger hit and is down 4.2%, and XRP, BNB, SOL, ADA, and DOGE... all are down by varying percentages. Very few exceptions appeared in green, mostly small, obscure currencies that caught a speculative wave. In short, the market has begun to take profits.
😬 The fear and greed index is telling you to calm down.
The market is now in a neutral position; the indicator is at 57.
But if we go back a bit to yesterday, 62 greed from a week ago: 66 greed more than a month ago 50 neutral. What happened is that greed transformed into indecision, and people are thinking twice before any buy or sell action.
📊 Market numbers confirm the statement. Bitcoin price: $115,764. Total market capitalization dropped by 2.66%, now standing at $3.77 trillion. Trading volume in the last 24 hours increased by 2.84%, reaching $177.19 billion. In simple terms, there has been a lot of selling; the market is bleeding, and trading volume is increasing = people are exiting, not entering.
✅ The market is at a crossroads, and what happened is a healthy correction. People were taking profits and decided to say enough is enough and close contracts. This is normal after a long rise. But... will we continue to drop or will we find support and soar back up? Here, everyone needs to open their eyes, see where liquidity is going, and read the market psychology correctly.
📉 If selling continues like this, we might see fear entering the picture. 📈 If prices stabilize and start to rise, greed will return quickly.
⏳ The market is in a moment of silence... all traders are thinking whether to jump in or wait.
This is what the coming days will answer 😊👻