Bitcoin is consolidating around $62,600, but the most interesting story today comes from South Korea: crypto trading volume there has surged by 1.426% as the KOSPI index has fallen 10% in just a few days. A clear wave of capital rotation from stocks into digital assets is underway.
Technically, BTC has slipped from $64,400 down to $61,800 before rebounding slightly. Liquidations totaled $283 million, with 74% from long positions, suggesting buyers are still trying to hold the line. The $61,300 level on the Binance heatmap is the key spot to watch if price continues to cool off.
Notably, the options market is cooling — both the put/call ratio and delta skew have narrowed, and DVOL is close to multi-year lows. The current environment is less stressful than the price action suggests.
Personally, I think yesterday’s sell-off was driven by local geopolitical risk sentiment (heightened Iran tensions), along with weakness in South Korea’s stock market. Koreans are flowing into crypto as a short-term safe-haven channel, but this could also create instability if the KOSPI continues to plunge.
Risk management is the key. $61,300 is critical in the short term. If BTC holds above it, the chance of a return to $64,000 is still there. If it breaks, be prepared for a test of $60,000.
DYOR.
#BTC #Bitcoin #DauTu #ThiTruong
Technically, BTC has slipped from $64,400 down to $61,800 before rebounding slightly. Liquidations totaled $283 million, with 74% from long positions, suggesting buyers are still trying to hold the line. The $61,300 level on the Binance heatmap is the key spot to watch if price continues to cool off.
Notably, the options market is cooling — both the put/call ratio and delta skew have narrowed, and DVOL is close to multi-year lows. The current environment is less stressful than the price action suggests.
Personally, I think yesterday’s sell-off was driven by local geopolitical risk sentiment (heightened Iran tensions), along with weakness in South Korea’s stock market. Koreans are flowing into crypto as a short-term safe-haven channel, but this could also create instability if the KOSPI continues to plunge.
Risk management is the key. $61,300 is critical in the short term. If BTC holds above it, the chance of a return to $64,000 is still there. If it breaks, be prepared for a test of $60,000.
DYOR.
#BTC #Bitcoin #DauTu #ThiTruong