🚀 Bitcoin's Rollercoaster: From Peaks to Troughs!

- After a stellar week, Bitcoin (BTC) took a 3% nosedive, forming a bearish engulfing pattern on Oct. 21. Historically, this pattern has a 60-70% success rate in predicting downturns. 🎢

- Over the past seven months, similar patterns led to significant corrections, with drops up to 26%. The futures and derivatives market, with open interest over $40 billion, adds fuel to the fire.

- Institutional investors hit the brakes, with $79M outflows from Bitcoin ETFs on Oct. 22. Despite this, total assets under management hit an all-time high of $65B recently.

Hold on tight, Bitcoin enthusiasts!