BTC falling below 70,000 doubles the probability to 31%, institutions withdrew 1.28 billion last week — how much longer will this drop last?
BTC breaking below 70,000 doubles the probability to 31%, institutions withdrew 1.28 billion last week — how much longer will this drop last? Brothers, today's market summary in one sentence: broad decline, and sentiment is still in the fear zone (index around 30), it's not just a single coin performing poorly, but an overall contraction in risk appetite. 【BTC】Current price 73,500–73,700, 24h −2%. After breaking below 74,000, it oscillates above 73,000, down about 11.5% cumulatively over 30 days. · Resistance above: 74,900 (dense short positions) → 75,300 (intraday high) · Support below: 72,500 (dense long positions, breaking opens space) → 70,000 · Signal: price falling but open interest rising, indicating new shorts dominate, not a long liquidation, no evidence of funds turning bullish. 【ETH】Current price around 2050, 24h −3.4%, clearly weaker than BTC. One week −10%, one month −19%, ETH/BTC continues weakening, funds are contracting towards large caps. · Key level: 2005 is intraday + recent low, breaking it points to lower levels; only above 2130 counts as a stop to the decline. 【FIL】Weakest of the three, current price around 0.75, 30 days −40% magnitude, high volatility. · 0.73 is the dividing line between bulls and bears, only above 0.774 does a rebound make sense, otherwise avoid longs. 【Trading strategy】 · Chasing longs has poor odds, especially for FIL which is at a halving-level drop, leverage is easily liquidated both ways. · More stable long trigger: BTC stabilizes above 74,900 and open interest declines (shorts
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