Bitcoin Price 10% Selloff Sparks Deeper Breakdown Fears

Bitcoin's price dropped 10%, and the market is once again doing its favorite pastime: staring at candles and asking whether things get worse from here. The recent selloff has traders watching the charts with the kind of focus usually reserved for defi exploit announcements, nervously eyeing support levels like they might vanish overnight. Whether this becomes a deeper breakdown or just another dip-buyers' convention remains to be seen, but for now, the fear gauge is doing what fear gauges do.