🟥 🟥 For the second week in a row, #Bitcoin is closing below the 50MA!

📉 The RSI has dropped to 35 points — the last time #BTC was at these levels was exactly 3 years ago after the FTX collapse (back then it traded at $16k).

📉 The Fear & Greed Index has hit 11, showing extreme fear among retail traders. The last time we saw numbers this low was 3.5 years ago, at the end of the 2022 bear market (back then it traded at $19k).

All of this suggests we may be sitting at a local bottom. On-chain data shows a sharp increase in $BTC whales accumulating aggressively around $80k.🐋

👀 And if you look at the liquidity heatmap, there’s nothing meaningful left to capture below current levels — unlike the upside, where large pools have been waiting at $95k and $112k for a long time.

🏆 The current correction is now the largest of the entire cycle, with a drawdown from the ATH exceeding -36% — making it just the third correction of this cycle to break below the 30% mark.
For comparison: during the 2016–2018 cycle, there were eight 30%+ corrections, with some reaching as deep as 42%.

At this point, panic makes no sense. 🤷
Yes, this cycle is completely different from the previous ones — but it’s also creating better long-term opportunities.
I know many are giving up and leaving the market… but I’ll stay here, averaging into my positions.
Because eventually… this has to end, right? 🤔