đš Crypto Markets Today: Extreme Fear, Critical Support đš
Bitcoin is holding the line.
$BTC is trading around $78Kâ$78.4K, staying above a key support zone during Asia hours, even as fear grips the market. ETH is also steady near $2.29K â but donât get it twisted, sentiment is ugly.
đ Fear & Greed Index: 17/100 â EXTREME FEAR
Traders are slowly accepting a hard truth:
Octoberâs high may have been the cycle top, and what followed looks less like a âdipâ and more like a trend reversal.
đ Whatâs happening under the hood:
âą Crypto is showing relative weakness while equities & precious metals rally
âą Over $300M in leveraged futures liquidated in 24h
âą Futures open interest has dropped to multi-month lows (~$110B)
âą Volatility remains elevated â turbulence not over yet
â ïž Some analysts warn BTC could still be drawn toward $60K if structural weakness isnât resolved.
đ„ Outliers & rotation:
âą HYPE exploded +70% in a week, with futures OI up nearly 20% â retail clearly piling in
âą POL, LIT, MORPHO bounced up to +13% after oversold conditions
âą CC (Canton) up +28% weekly, driven by institutional RWA interest
đ©ž Pain zone: Privacy coins
âą XMR & ZEC down 20%+ this week, extending losses despite strong starts to the year
đ§ Bottom line:
Extreme fear usually appears near bottoms, but not all bottoms are equal.
BTC holding support is bullish only if it sticks â lose it, and the bears regain control.
Stay sharp. Volatility favors the prepared, not the emotional.
đ Patience > Panic
