Everyone's posting charts. Nobody's posting what it actually means for crypto right now. $1.25B left Bitcoin ETFs in 3 days. Blackrock saw its largest single day redemption ever. Institutions bought at $100k & panic sold at $60k. Same playbook as retail, just with compliance departments.. Meanwhile alts vs stablecoin supply just hit 2022 bear lows. Money didn't leave crypto. It froze. This is what maximum fear looks like when it's dressed up in institutional clothing. COVID bottom: Fear index at 10. Bitcoin went $4k to $64k in 18 months. FTX bottom: Fear index at 20. Bitcoin went $16k to $126k in 24 months. 15 years in, the pattern hasn't changed. Just the players panicking. Lesson in there..
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Bitcoin was $1 15 years ago today.
Everyone's posting charts. Nobody's posting what it actually means for crypto right now.
$1.25B left Bitcoin ETFs in 3 days. Blackrock saw its largest single day redemption ever.
Institutions bought at $100k & panic sold at $60k. Same playbook as retail, just with compliance departments..
Meanwhile alts vs stablecoin supply just hit 2022 bear lows. Money didn't leave crypto. It froze.
This is what maximum fear looks like when it's dressed up in institutional clothing.
COVID bottom: Fear index at 10. Bitcoin went $4k to $64k in 18 months.
FTX bottom: Fear index at 20. Bitcoin went $16k to $126k in 24 months.
15 years in, the pattern hasn't changed. Just the players panicking.
Lesson in there..