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Bitcoin’s Death Cross Returns: Why Even Whales Are Panicking

  • A bitcoin whale incurred a loss of $2.53 million after panic-selling 778.5 BTC on Binance.
  • $1 billion was liquidated from the crypto market in the last 24 hours, with Bitcoin falling below $77K and altcoins losing over 14%.
  • Bitcoin's death cross, with the 50-day SMA dipping below the 200-day SMA, indicates a potential shift from bullish momentum to bearish.
  • Recession fears and tariffs have contributed to the market downturn, with the Fear & Greed Index at 23 signifying extreme fear.

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