After we broke 94 thousand strongly last week, we are back today to test the 89–90 thousand dollar area once again.
The market wiped out more than 950 million dollars in long liquidations in just 48 hours, and the American ETF saw an outflow of 195 million last Wednesday.
But what is noticeable?
- Support at 89–90 thousand is holding strong so far (a previously strong buying area)
- The fear and greed index reached 23 (extreme fear = historical opportunities in previous cycles)
- Miners are still holding and the hash rate is at an all-time high
- Total ETF inflows since the beginning of 2025 are still +18.7 billion dollars (very positive)
