Bitcoin sentiment hits extreme lows as dollar climbs
Bitcoin's Bull Score fell to zero, stablecoin supply is contracting fastest since 2022 and the dollar hit a yearly high, even as equities rebounded.
What we know
CryptoQuant's Bull Score hit 0. An account on X says stablecoin supply is shrinking at the fastest rate since June 2022 and the largest liquidation cluster sits near $60k. Traders note the DXY at a new yearly high, and BTC is failing to bounce at the 200-day MA while stocks rebound. One trader is eyeing $70K.
How the story developed
Bitcoin's Bull Score fell to zero, stablecoin supply is contracting fastest since 2022 and the dollar hit a yearly high, even as equities rebounded.
Bitcoin is struggling while stablecoin supply contracts at its fastest pace since June 2022. Traders eye $70K and lower.
What people are posting
Posts on X this story draws on. They are individual users' views and have not been verified by Global Eye 24.
“Bitcoin's biggest liquidation cluster sits near $60k.”
View post →“All eyes on the dollar, new yearly high reached today”
View post →By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.