Bitcoin fell to $66,000 on renewed macro-driven selling, while major altcoins remain pinned below critical resistance.
Notable Statistics:
- Coinglass data shows 84,160 traders were liquidated in the past 24 hours for $192.05 million.
- SoSoValue data shows net outflows of $104.9 million from spot Bitcoin ETFs on Tuesday. Spot Ethereum ETFs saw net inflows of $48.6 million.
- In the past 24 hours, top gainers include World Liberty Financial, Kite and Cosmos.
Notable Developments:
Trader Notes: Crypto Tony said he expects a move lower toward $65,300 before a bounce. He plans to look for a long entry there, arguing that bears are targeting liquidity below current levels.
CoinBureau CEO Nic Puckrin said buying Bitcoin during “Extreme Fear,” when the Fear & Greed Index falls below 25, has not historically produced strong short-term returns. Average 90-day gains in those periods have been about 2.4%, he noted.
By contrast, buying during “Extreme Greed” has historically delivered average 90-day returns of 95%. Puckrin described the index as a backward-looking momentum gauge, limiting its predictive value.
Trader BitBull pointed out that Bitcoin’s Pi Cycle Top indicator has yet to flash this cycle. In past bull markets, the 111-day moving average crossing above the 350-day moving average multiplied by two marked major tops with accuracy.
That crossover has not occurred, even with BTC trading near prior highs. If historical patterns hold, the structural top may still be ahead, suggesting the final phase of the bull cycle could remain intact.
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