Market sentiment has dropped to extreme fear marking the lowest level seen this year.
Bitcoin has struggled to move higher repeatedly facing resistance, while Ethereum remains under pressure with continued outflows and weaker demand. The gap between them is becoming more noticeable.
Capital is staying concentrated in $BTC with little rotation into altcoins. Institutional flows into Bitcoin have remained steady while $ETH shows the opposite trend.
A key support level for BTC is now in focus holding it could bring stability while losing it may lead to further downside.