Headline: BTC Reclaims $69,000: Is the "Orderly Deleveraging" Over or are we Heading to $60K?
Bitcoin has climbed back above $69,000, showing a modest 0.26% increase in the last 24 hours. After the brutal start to February that saw BTC drop 50% from its October high of $126,000, we are seeing the first signs of a stabilizing base.
Key Technical Insights:
The Deleveraging Phase: Analysts at VanEck suggest the recent crash wasn't a "collapse" but an "orderly deleveraging." Futures open interest has dropped by 20%, removing excessive speculative heat.
The $60K Support: Experts warn that $60,000 remains the "liquidation trigger." If we lose $67,000 on a daily close, a fast sweep to $60k is highly likely.
Institutional Shift: While ETF inflows have slowed, companies like MicroStrategy continue to accumulate. The "Fear & Greed Index" has ticked up slightly from a historic low of 8, but we are still in "Extreme Fear."
Strategy: Watch the $71,450 resistance. A breakout here confirms a "V-Shape" recovery. For now, avoid high leverage and focus on spot accumulation in the $67k-$69k range.
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