BTC USD and ETH USD see significant losses, shaking supercycle narrative. Market cap drops to $2.3 trillion after $2.6 billion vanishes. Long positions worth over $2.1 billion erased. CEO states BTC USD must hit $8K for years to threaten balance sheets. ETH USD struggles with identity crisis amid Layer-2 drama. Adoption headlines continue despite price decline.

Technical analysis shows BTC USD at critical levels after dropping below $60K. ETH USD faces resistance at $2.2K. DeFi TVL slides to $93 billion. Extreme fear in sentiment gauges, signaling retail exodus. Despite fire, patience may pay off in the long run. Super cycle survival uncertain, but opportunity may arise for patient investors.

Total crypto market cap down by 16% excluding BTC and ETH USD. DeFi TVL drops 7%. Sentiment deep in extreme fear, hinting at bullish potential. Market reaches critical levels, testing investor patience. Despite uncertainty, long-term outlook remains positive for BTC USD and ETH USD.

Read more at Yahoo Finance: Supercycle They Say! Sentiment Hit Rock Bottom, BTC USD Touched $60K, ETH Under $2K