Crow Brother is here to explain again
The cryptocurrency market has cooled down today! Bitcoin has dropped from 72,000 to 69,000, and many people have taken the opportunity to cash out, causing the sentiment index to fall from 78 to 66
Main reasons
1. Short-term exits: AI coins and MEME coins that surged a few days ago have dropped by 10%-15%, leading to retail investor sell-offs
2. Leverage cooling: Contract funding rates and open interest have both decreased, causing gamblers to retreat
3. Big players are watching: The Federal Reserve is about to hold a meeting, and the pace of institutional purchases of Bitcoin ETFs has halved
Crow suggests: Don't chase the rise, wait for it to drop to 68,000 before buying the dip, focus on positioning in ETH and the AI track!