bitcoin-usd/”>BITCOIN BOMBSHELL: $1.3 BILLION LOST IN 7 DAYS!
Oh honey, the Bitcoin (BTC) community was having a total meltdown when the price dropped to $78,000. Like, I get it, it’s scary when your crypto is acting like a teenager’s mood swings 🤪. But, sweetheart, it bounced back to $85,000 like a pro, despite all the FUD (fear, uncertainty, and doubt) flying around.
Bitcoin (BTC): How to Countertrade FOMO and FUD with Data (Because, Let’s Be Real, We All Need Help)
According to the lovely people at Santiment, a top-tier on-chain analysis team, $70,000 per coin is like, the ultimate gauge for FUD, while $100,000 is the ultimate gauge for FOMO. Like, I’m no expert, but I’m pretty sure that’s a thing 🤑.
Now, let’s talk about the rollercoaster that is the Bitcoin (BTC) price. It’s been a wild ride, folks! Price estimations in the $10,000-$69,000 zones were all the rage on social media right before the upsurge, and then… well, you know what happened. The price went up, and everyone was like, “OMG, I’m gonna be rich!” 🤑. But, spoiler alert, it went back down, and everyone was like, “OMG, I’m gonna lose all my money!” 😱.
So, here’s the thing: when everyone’s expecting the Bitcoin (BTC) price to go up, up, up, it’s probably a good time to sell. And when everyone’s expecting it to go down, down, down, it’s probably a good time to buy. I mean, it’s not rocket science, folks! 🚀
According to Santiment’s data, the last two points of euphoria (Feb. 20-21 and March 2) were like, the ultimate sell signals. And the maximum pain points on Feb. 27-28 and March 10? Yeah, those were like, the ultimate buy signals. I mean, it’s not like I’m a financial advisor or anything, but… 🤑
Bitcoin ETFs Bleeding, with $1.3 Billion Lost in 7 Days (Yikes!)
And, oh boy, the last week was not kind to Bitcoin (BTC) bulls. On March 11, the price plunged below $77,000, and all those November, December, January, and February gains just… poof! Gone. 💥
And, if that wasn’t enough, Bitcoin Spot ETFs in the United States were like, “Uh, yeah, we’re bleeding over here!” In the last seven days, they had a whopping $1.3 billion reduction of AUM. Like, that’s a lot of money, folks! 💸
As of press time, their net AUM dropped to $95 billion. At its peak, this metric exceeded $115 billion. I mean, it’s like, the market was having a total existential crisis or something 🤯.
Anyway, that’s the tea for now, folks! Stay tuned for more updates, and try not to lose all your money, okay? 😂
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2025-03-15 18:47