📊 Market Update - Feb 12
BTC around $67k. BlockFills halted client deposits and withdrawals this week citing market conditions. Fear & Greed index at an all-time-low.
Here's what's happening on LN Markets 👇
🐂 Bulls went full send → 80% long by volume today, up from 61% yesterday. The more the market panics, the harder LN Markets traders buy.
📊 Open interest unchanged → Still 92% long. Conviction hasn't cracked one bit.
😱 Fear & Greed: 5 (was 9 yesterday, 14 on Monday). Deep into capitulation territory.
Conviction being tested hard right now.

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