📉 BTC: Capitulation confirmed. What's behind the 60k spike?
January's plan is complete: the 1st and 2nd targets of my SHORT Fibonacci ratio have been reached. Bitcoin touched $60,000, leaving behind a powerful spike (shadow). Important capitulation metrics: * Volumes: This kind of movement hasn't been seen since 2021. 103k BTC inflows versus 84k BTC outflows on Friday! Sellers dumped assets in panic. The sell-off to 60,000 is a positive signal; the market is clearing as quickly as possible. * USDT dominance: The index soared to 9% at that point (almost the level of crypto winter 2022). This suggests that fiat liquidity is waiting for the "go!" command. * Technique: These spikes are usually covered by the candlestick's "body." I wait for this test before going long. Rebound targets: $74,800 - $78,800 - $80,680 - $83,000 (but even these targets are just a rebound). *⚠️ ⚠️⚠️ Whales and Market Makers are placing hidden limit orders right now (which can be easily viewed in the ATAS program). The upper zone is on average 72,500, and the lower zone is 55,000! The WHALES are up to something! I'll tell you about it in the next video! 🌍 Macro reversal formula (May 2026) Why am I not expecting a Tozemoon tomorrow? Because the market is waiting for three events: * CLARITY Act: The legislative framework in the US will give the green light to institutions. * Fed Chairman Change: The market is pricing in a new leadership and a real rate cut in May (the Fed's balance sheet has already begun to grow by $18.3 billion in a week). * Japan: A 20% tax and recognition of crypto as a "financial product" will open the floodgates for Asian capital + a new cryptocurrency index. 💎 Altcoins: ADA and AVAX are a safe haven Notice? Bitcoin has dipped, but there's no capitulation in the top altcoins. Institutional investors are already accumulating coins that are either destined for ETFs or already exist. #btc $ETH #usdt #ltc #gold #silver. $GT $XRP
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
1 Likes
Reward
1
1
Repost
Share
Comment
0/400
deltapro
· 3h ago
🍽 Bullish CEO Tom Farley predicted an increase in acquisitions in the crypto industry. He believes the recent major correction in digital assets was the main catalyst.
📉 BTC: Capitulation confirmed. What's behind the 60k spike?
January's plan is complete: the 1st and 2nd targets of my SHORT Fibonacci ratio have been reached. Bitcoin touched $60,000, leaving behind a powerful spike (shadow).
Important capitulation metrics:
* Volumes: This kind of movement hasn't been seen since 2021. 103k BTC inflows versus 84k BTC outflows on Friday! Sellers dumped assets in panic. The sell-off to 60,000 is a positive signal; the market is clearing as quickly as possible.
* USDT dominance: The index soared to 9% at that point (almost the level of crypto winter 2022). This suggests that fiat liquidity is waiting for the "go!" command. * Technique: These spikes are usually covered by the candlestick's "body." I wait for this test before going long. Rebound targets: $74,800 - $78,800 - $80,680 - $83,000 (but even these targets are just a rebound).
*⚠️ ⚠️⚠️ Whales and Market Makers are placing hidden limit orders right now (which can be easily viewed in the ATAS program). The upper zone is on average 72,500, and the lower zone is 55,000! The WHALES are up to something! I'll tell you about it in the next video!
🌍 Macro reversal formula (May 2026)
Why am I not expecting a Tozemoon tomorrow? Because the market is waiting for three events:
* CLARITY Act: The legislative framework in the US will give the green light to institutions.
* Fed Chairman Change: The market is pricing in a new leadership and a real rate cut in May (the Fed's balance sheet has already begun to grow by $18.3 billion in a week).
* Japan: A 20% tax and recognition of crypto as a "financial product" will open the floodgates for Asian capital + a new cryptocurrency index.
💎 Altcoins: ADA and AVAX are a safe haven
Notice? Bitcoin has dipped, but there's no capitulation in the top altcoins. Institutional investors are already accumulating coins that are either destined for ETFs or already exist.
#btc $ETH #usdt #ltc #gold #silver. $GT $XRP