BTC fell below 22,000, knocking out support at 22,600 to 23,000.
This morning BTC dropped more than 1,000 pips in one 5 minute candle, and is now trying to consolidate above the 21,500 mark.
The number of liquidations reached a colossal figure of $552mn in 24 hours, 90% of them were longists (Obviously). BTC fell in price by more than 7% in 24 hours.
The reason for the fall of BTC was a large-scale withdrawal of capital from the technology sector
Also the fall of BTC lowered the Greed Fear Index from 42 to 33 points.
If the short sentiment persists and the BTC falls to $20,000, the departure of sentiment to the zone of extreme fear, most likely, will not be avoided.
Share your opinion on BTC in the comments.
