Friday Crypto Wrap: BTC Slips to ~$65.5K on Inflation/Macro Fears — Options Expiry Vol Ahead, Weekly Gains Fading? 📉⚡
Binance fam, Friday risk-off hits crypto hard after Nvidia/tech unwind! 😓
Weekly recap & today's pulse (late GMT Feb 27):
$BTC ~$65,400–$65,800 (down 2.5–3.5% 24h, low ~$65,100–$65,200 on hotter PPI/inflation data killing rate-cut bets; erased midweek $70k attempt, range-bound $62k–$70k).
$ETH ~$2,000–$2,050 (down 1.5–5%, testing $2k support post-rebound).
Market cap ~$2.26T–$2.34T (down ~2–3% daily); alts mixed/red, BTC dom high.
Sentiment: Fear & Greed ~13–16 (extreme fear grip easing tiny bit, but caution dominates).
Drivers: U.S. inflation hotter than expected (PPI/Core up), macro risks (stocks/gold rotation), $8.7B BTC/ETH options expiry (max pain $75k BTC/$2.2k ETH — vol likely); ETF inflows slowed, risk aversion high.
Weekend outlook:
Chop in $62k–$70k likely — hold $65k for stabilization/bounce toward $68k+. Sub-$65k risks retest $62k–$60k. Expiry could spark swings (pain trade if below max pain), but oversold + fear spikes historically set relief. Long-term: Adoption/ETF narrative intact despite macro noise.
My take: Classic post-rebound profit-taking + macro headwinds — extreme fear still screams potential washout, but diamond hands needed. Weekly majors held slight gains, so not total wipeout yet.
Weekend vibe? Vote below!
Share your levels, expiry plays, or macro thoughts in comments — let's close the week and prep for next!
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