#BiyondDaily : Social FUD

📈 Bitcoin shows slight recovery after dipping below monthly pivot point yesterday.

🛑 Selling lacked momentum to trigger more sell signals across technical and AI indicators.

💬 Social media discussions focused on miner challenges, potential price drops, and whale inactivity.

📊 Cryptoquant data shows short-term Sharpe ratio mirroring Sept-Oct 2023 levels, hinting at possible recovery.

🎯 Technically, Bitcoin needs to surpass $62,000 for safety. De-Mark indicator points to $61,000 as bull trigger.

💥 Liquidation heatmap shows short liquidations clustered around $61,300-$62,000 and $64,600.

📅 September historically volatile for Bitcoin; this week's moves relatively small in broader context.

🏦 Bitfinex Alpha research suggests Bitcoin might react bearishly to upcoming Fed rate reduction.

👀 Hoping for a move above $62,000 before payrolls and some crypto-specific positive news.

What's your take on Bitcoin's path through this challenging period?

#CryptoAnalysisUpdate #MarketOutlook #LiquidationHeatmap #sharpe