🛑 $BTC below $70,000: Market panic or time for the "Golden Shield"?
Today, the cryptocurrency market is experiencing a real storm. Bitcoin has breached an important psychological support, dropping below $70,000. On the streets — "blood", long liquidations are counted in the hundreds of millions of dollars, and the fear index is off the charts.
📉 Why is BTC storming?
We are seeing a classic risk-off scenario. Global economic instability and capital outflow from ETFs are putting pressure on Bitcoin. Over the week, the main asset has lost more than 12%, forcing traders to panic and seek an exit.
🛡 $PAXG — Your solid hedge
Take a look at the charts of PAX Gold (PAXG) that I attached:
Contrast: While BTC is plummeting, PAXG is showing confident growth (+1.48% over the day).
Price: The asset is holding above $5,000, confirming its status as true "digital gold", not just a volatile asset.
Year-to-date result: +76.94%. This is a case where a conservative strategy outperforms the hype.
⚖️ What to do now?
When the market is storming, the best strategy is to preserve capital.
The golden rule of trading: When everything is falling, gold is always in demand.
Your position today?
🌕 — I will wait out the storm in PAXG/Stablecoins
🔥 — I am buying BTC on the dip, I believe in a turnaround
