Today feels like one of the more important days crypto has had in a while.

$BTC wicked below 60k earlier, bounced back above it, and now the whole market is watching to see if that was the flush or just the start of something bigger.

This is the first time in months where the chart, sentiment, and flows all look stressed at the same time. ETF outflows have been brutal, strategy selling BTC shook confidence, and once 65k broke, the market had no real bid until the low 60s.

ETH and SOL getting hit harder makes it even clearer. This is people cutting risk across the board.

But this is also where the market gets interesting. A few weeks ago, everyone was talking about 85k. Now, BTC is fighting around 60k, and the timeline feels dead.

That's usually when the next opportunity starts forming, even if it doesn't happen in one candle.

For now, 60k is the line. Hold it and reclaim the mid-60s, and this can turn into a nasty bear trap. Lose it, and crypto probably needs a deeper reset before confidence comes back.