This week has been quite a rollercoaster, and the market has once again given everyone a lesson.
Looking at the data: The total market capitalization of cryptocurrencies has dropped to $3.07 trillion, with Bitcoin accounting for 58.6%—that's another $100 billion evaporated. The rate cut has been implemented, but what’s the result? Should it fall or continue to fall? Is this the supposed positive market trend? Feels like the big players are playing us again.
The Fear and Greed Index is now at 29, firmly in the fear zone. But in times like these, it's actually better to stay calm and not panic. The more fearful the market sentiment, the closer we are to a turning point. Enduring this wave of consolidation might be the starting point for the next opportunity.
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Ramen_Until_Rich
· 12-12 01:50
Got cut again, I'm really done with this wave.
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StableNomad
· 12-12 01:46
nah the fed pivot always looks good on paper until it doesn't... statistically speaking we're seeing the same pattern as 2019, reminds me of UST in May when everyone was like "surely this can't go lower" lol. 29 on the fear index though? that's actually when smart money starts moving, not when retail should be panic selling. risk-adjusted returns on dips like this hit different tbh
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ChainMemeDealer
· 12-12 01:42
Here we go again? The main players keep scamming us like this every time.
Interest rate cuts won't save us either, it's really amazing.
The fear index at 29, I'm actually a bit excited about what's going on...
Just hang in there, anyway we can't run away.
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MEVHunterLucky
· 12-12 01:38
The main force's move this time is truly awesome. Can even interest rate cuts not save it? That's hilarious.
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MevWhisperer
· 12-12 01:23
Lowering interest rates is useless; the main players just love this approach
This week has been quite a rollercoaster, and the market has once again given everyone a lesson.
Looking at the data: The total market capitalization of cryptocurrencies has dropped to $3.07 trillion, with Bitcoin accounting for 58.6%—that's another $100 billion evaporated. The rate cut has been implemented, but what’s the result? Should it fall or continue to fall? Is this the supposed positive market trend? Feels like the big players are playing us again.
The Fear and Greed Index is now at 29, firmly in the fear zone. But in times like these, it's actually better to stay calm and not panic. The more fearful the market sentiment, the closer we are to a turning point. Enduring this wave of consolidation might be the starting point for the next opportunity.