Sentiment has slipped back into fear, with the index at 33, but the bigger signal is participation, or the lack of it.
Volume has dropped sharply, and price is drifting lower without much resistance, which usually says more than the move itself. The trigger was familiar: a leverage flush, with over $120M in BTC longs cleared, turning a slow selloff into a faster unwind. Add in an $80M DeFi exploit, and confidence, especially around the Ethereum ecosystem, took […]
