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Still Extreme Fear 👀
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GEMINI
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The pickup in demand for $95K puts is telling. Premiums have jumped, traders are getting more cautious as they look for protection on the downside. Since the $100K level didn’t hold, sentiment has turned shaky and this move toward heavier hedging means the market is preparing for more pressure ahead.
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🚨 SANTIMENT: If everyone says it's the bottom, it's probably not.
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⚡ $1T has been wiped out from the Total Crypto Market since October 7th.
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Almost everyone who bought #Bitcoin in the last 155 days is now in loss territory with the price sitting around 96K. The pullback surprised many short term buyers, but long term holders see it as another typical reset before momentum returns.
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Still Extreme Fear 👀
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