Bitcoin experienced a weekend drop to $93,029, sparking $579 million in liquidations, but has since recovered to $95,453. The ‘Death Cross’ signal appeared due to a bearish sentiment caused by uncertainty over key economic reports and Fed actions.

The Crypto Fear & Greed Index hit ‘Extreme Fear’ as Bitcoin fell 10% from its high. Myriad’s sentiment market shows a slight bearish skew with a 51/49 split towards Fear. Experts predict increased volatility and consolidation, with Bitcoin’s trajectory tied to macroeconomic data and institutional flows.

Despite potential economic impacts, Bitcoin remains in a corrective phase as traders await key signals like ETF flow data. The market sentiment is cautious due to lingering systemic risks and a ‘risk-off tone,’ leading to a wait-and-see approach for investors.

Read more at Yahoo Finance: Bitcoin’s Weekend Dip to $93K Sparks Volatility, ‘Extreme Fear’: What’s Next?