Looking at the 11 Fear and Greed Index, I can't help but laugh 😂 The market is already in such a panic, yet BTC is still hovering around 67k, which really says a lot.


Today’s 3.28% fluctuation is normal; from 66,233 to 68,408, smart money is clearly accumulating at this level.
You see the perpetual funding rate at 0.0001%, basically neutral, indicating a balanced battle between bulls and bears, with no extreme positioning.
Such extreme fear is often the best entry point. Remember last year’s major dips, when the fear index dropped below 10, and there were good rebounds afterward. Of course, the premise is having bullets; if you have no funds, you can only watch opportunities slip away.
Recently, on-chain data shows large addresses are increasing their holdings, while retail investors are panic-selling. This divergence is very obvious, basically replaying the classic "smart money buying, dumb money selling" script.
The 67k level still provides strong support. If we can hold steady and break through the 68,400 resistance, the next target is 70k. But degens should remember, with market sentiment so bad right now, any news could trigger overreactions.
Manage risk well, and when the opportunity comes, dare to get on board 🚀
BTC-0,96%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin