19 mutes
...
...
Bitcoin Bottomed At $60,000 On Peak Bearish Sentiment
Maeda pointed to the Fear and Greed Index hitting the lowest reading in crypto’s history last month at $66,000 Bitcoin—lower than the 3AC collapse, Luna crash, or COVID crash.
“We hit the lowest fear and greed rating in the history of crypto’s existence last month at 66,000,” Maeda stated.
He argued that sellers ran out of tokens after months of liquidations and capitulation.
Michael Saylor’s aggressive Bitcoin purchases through Strategy Inc. (NASDAQ:MSTR) provided the catalyst.
Saylor bought $1.5 billion in March, $3.5 billion in April, and $2 billion in May, creating a positive reflexive loop where higher prices attract…
Read more on Benzinga
194 Reads
