Crypto · Digital AssetsCoinDesk
Bitcoin, ether eye worst weekly rout since FTX collapse as cryptos shed $390 billion
1 min readAnalysis by AlgoThesis Editorial Desk
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The story
Bitcoin and Ether are poised for their steepest weekly decline since the FTX collapse, as the broader crypto market shed approximately $390 billion in value. This significant drawdown, following a week initiated by a major bitcoin sale, indicates a strong bearish sentiment and potential for further capitulation.
The two-sided take
Angle
↓ SHORT-12% target+5% stoptactical / 1-2 weeks
Short BTC and ETH, targeting a further 10-15% downside as capitulation continues following this week's rout.
3 stocks · 3-month returnaverage · 3M-16.2%
COIN-22.8%MSTR-44.5%HOOD+18.6%Average
The house read
Wrong ifA sudden shift in macro sentiment or a major institutional buy order could trigger a short squeeze.
Published read · research, not advice