🚨 CRYPTO MARKET IN FULL CAPITULATION
Bitcoin has dropped below $71,000 and Ethereum is under $2,100, showing strong selling across the whole market. In the last 24 hours, over $830M was $CHESS liquidated, and more than $6.7B in leveraged positions is gone in just one week.
Bitcoin is now 45% down from its all-time high and at its lowest level since November 2024, wiping out all gains after the $BANK Trump election win. Since the October peak, around $1.89 trillion has been erased from the total crypto market. $ARPA
In January alone, $1.6B flowed out of Bitcoin ETFs, showing continued institutional selling. Bitcoin has also fallen for 4 months in a row, something not seen since 2018. Fear in the market is extreme, and history shows this phase can last months, not days.
This is not a normal dip anymore.
This is forced selling, broken confidence, and full capitulation.