Are we in the eye of the hurricane?
Today little price variation $BTC
BTC
89,969.07
+0.39%
The fear and greed index varied by one point,
from 21 to 22, it is in Fear
Or has the new equilibrium point already arrived?
What happened again with BitCoin?
The price is 89275.0 USD currently with a variation of -3071.00 USD compared to the previous close. The intraday high is 92665.0 USD and the intraday low is 88333.0 USD.
This drop in price coincides with an increase in bearish pressure: there were liquidations of leveraged positions (“longs”) and exit signals from funds/ETFs according to recent reports.
Factors explaining the retracement
The bullish momentum of this week —which brought $BTC a ~ 94,000 USD— could not be sustained: demand weakened in light of expectations that large investors (and “whales”) might be reducing exposure.
This drop in price coincides with an increase in bearish pressure: there were liquidations of leveraged positions (“longs”) and exit signals from funds/ETFs according to recent reports.
Factors explaining the retracement
The bullish momentum of this week —which brought $BTC a ~ 94,000 USD— could not be sustained: demand weakened in light of expectations that large investors (and “whales”) might be reducing exposure.
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