Selling Pressure

Bitcoin dropped ~7% to ~$62,464 over four consecutive days, hitting its lowest level since January, as US spot BTC ETFs saw $1.525B in outflows over 4 trading days — led by BlackRock's IBIT shedding $1.239B.

Key Catalysts

Mt. Gox moved 10,422 BTC, Strategy sold 32 BTC for the first time in 3+ years, and geopolitical tensions in the Middle East fueled risk-off sentiment.

Market Mood

Crypto Fear & Greed Index fell to 12 — extreme fear territory.