Bitcoin is attempting to stabilize near $65,000, but extreme fear and weakening technical signals suggest the market has yet to reach a traditional cycle bottom.

Notable Statistics:

Coinglass data shows 126,723 traders were liquidated in the past 24 hours for $358.17 million.

SoSoValue data shows net outflows of $203.8 million from spot Bitcoin ETFs on Monday. Spot Ethereum ETFs saw net outflows of $49.5 million.

In the past 24 hours, top gainers include pippin, Decred and Ether.fi.

Notable Developments:

Trader Notes: Crypto analyst The DeFi Investor said Bitcoin’s weekly relative strength index has dropped to its lowest reading on record, even below levels seen during the…

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