Black Monday 2.0? 5 things to know in Bitcoin this week

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Coin Telegraph 21h ago

Black Monday 2.0? 5 things to know in Bitcoin this week - Coin Telegraph

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In fact, we may be nearing investor panic levels ABOVE March 2020,” it added. “It's currently a widespread rush to the exit for investors.”Bitcoin’s new hodler losses multiplyOn Bitcoin, the investor cohort likely first to capitulate are short-term holders (STHs) — the market’s more speculative entities with a buy-in date within the last six months.

Related: Bitcoin crash risk to $70K in 10 days increasing — Analyst says it’s BTC’s ‘practical bottom’The latest data from the Index, which uses a basket of factors to compute the market mood, gives a reading of just 4/100.“It’s never been this low: not in COVID, not after FTX collapse,” popular crypto commentator Atlas noted.

Crypto Fear & Greed Index (screenshot).Source: Alternative.meBeyond the panic, some voices are cautiously hinting that now is an ideal moment to “buy the dip” — whether on stocks or crypto.“This doesn't necessarily mean the absolute bottom is in, but is generally at least a local opportunity,” the founder of quantitative Bitcoin and digital asset fund Capriole Investments, argued in an X thread.