Free falling
Almost unbelievable this sell off! Not the percentage number but the absolute number. Hundreds of millions of dollars flowing out of the asset every single day. ETF paper hands are selling like crazy. Net outflows yesterday were another 300M USD. The price is free falling to currently 78k.
Where does it stop?
The next important mark that could give us support is 70-74k, which was the last year ATH area. If that doesn‘t hold…gosh we could go down to 50k! That would wash out almost every bullish momentum though and would bring us towards the brink of a new bear market.
Keep your finhgers crossed, guys. 70-74k should better hold!
