Bitcoin's dip below $67,000 today follows a heavy week of deleveraging, where futures open interest has dropped significantly from its peaks.
While "Extreme Fear" grips the market, analysts note this orderly sell-off is clearing out excess leverage rather than signaling a total capitulation.
With the US CPI data release and XRP Community Day both landing today, volatility is expected to remain high. 📉🛡️
Bitcoin’s slip below $67k marks a critical test of support. 📉 While "Extreme Fear" dominates, we’re seeing an orderly flush of leverage rather than a total crash.
Today’s US CPI data and the XRP Community event could be the catalysts for a rebound or further consolidation. Stay disciplined. 🛡️💎