Compass Investments

Crypto vs. Dollar

📌 Is This The Bottom?: Bitcoin Hits October 2024 Lows – Strategys $STRC slump adds to market pressure.

Is this the bottom? #Bitcoin slid to levels last seen in October 2024 as risk-off flows intensified after a sharp #STRC slump tied to a Strategy token unwind. Traders cite tighter liquidity, rising real rates and concentrated selling that tested derivatives desks and margin bands. Short-term bias is bearish, but some funds watch for capitulation and long-entry windows. Bitcoin

$BTC ,

Is this the bottom? #Bitcoin slid to levels last seen in October 2024 as risk-off flows intensified after a sharp #STRC slump tied to a Strategy token unwind. Traders cite tighter liquidity, rising real rates and concentrated selling that tested derivatives desks and margin bands. Short-term bias is bearish, but some funds watch for capitulation and long-entry windows.

#Macro Insights# #CryptoSentiment

Bitcoin

Bitcoin

$62,900.81

BTC -0.32%

Ethereum

Ethereum

$1,674.70

ETH 0.87%

Binance Coin

Binance Coin

$602.54

BNB 1.26%

XRP

XRP

$1.17

XRP 2.48%

Dogecoin

Dogecoin

$0.09

DOGE 0.96%

Cardano

Cardano

$0.17

ADA 3.37%

Solana

Solana

$66.55

SOL 1.48%