$BTC 💡 Idea of the Day


The market is gripped by **Extreme Fear** (FNG 25), with **100% of liquidations** hitting long positions, totaling over $76 million. This signals aggressive **retail capitulation** as leveraged bulls are forced out, while shorts remain nearly unscathed.

Similar setups on April 19 and May 17 saw FNG near 27 with 100% long liquidations, each preceding a local bottom within 48 hours.

Traders should watch for a stabilization in selling pressure near 75,000 as a potential reversal zone, but avoid catching a falling knife without confirmation.

⚠️ **Risk: 7/10** (High probability of further downside if 75,000 breaks, as the golden cross narrative fails to attract buying support.)

📊 Key levels:
• BTC: $75,000 / $77,000
• ETH: $2,100 / $2,100

DYOR | Not financial advice
BTC-1.83%
ETH-2.26%
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