Institutional Selling: Outflows of up to $1.32 billion from ETFs and whale position transfers triggered a 7% price plunge, dropping to a multi-month low of nearly $78,000. Liquidation Wave: Over $2.51 billion in liquidations today, including a record-breaking single liquidation of $1 billion, further accelerating the steep decline. Extreme Oversold Signal: RSI dropped to 17.7, indicating that the technical momentum is nearly exhausted, suggesting a potential rebound near the key support level of $77,226. Smart Money Bottom Fishing: Top traders have built a $112 million buy order defense line at $80,600. Despite the market being highly bearish, this shows institutional funds are actively positioning on dips. $BTC #GateLive直播挖矿公测开启
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Sharp Drop! Panic or Bottom Fishing
Institutional Selling: Outflows of up to $1.32 billion from ETFs and whale position transfers triggered a 7% price plunge, dropping to a multi-month low of nearly $78,000.
Liquidation Wave: Over $2.51 billion in liquidations today, including a record-breaking single liquidation of $1 billion, further accelerating the steep decline.
Extreme Oversold Signal: RSI dropped to 17.7, indicating that the technical momentum is nearly exhausted, suggesting a potential rebound near the key support level of $77,226.
Smart Money Bottom Fishing: Top traders have built a $112 million buy order defense line at $80,600. Despite the market being highly bearish, this shows institutional funds are actively positioning on dips. $BTC #GateLive直播挖矿公测开启