Greed index hits 12, but $BTC contract longs still account for 67%, indicating that sentiment is approaching FTX collapse levels, yet positions haven't fully surrendered.

$BTC mark price is around $63,810, not far from the $60,000 miner cost line mentioned by Schwab, which is important because it is often used by the market to gauge the bottom pressure zone of the cycle.
Bitcoin open interest is still $6.33 billion, indicating that leverage has not significantly cleared; the taker buy-sell ratio is 1.41, meaning active buying is still catching the dip, and the funding rate at 0.0% suggests no clear tilt between longs and shorts for now.
The Federal Reserve's Beige Book states employment is stable and the economy is growing slightly, but Middle Eastern energy prices are pushing inflation higher, and macro risk assets are not supported by a rebound narrative but rather a narrower tolerance for error. @E0#BTC
Assisted by Claude Opus 4.8 model; this is not investment advice, please make independent judgments.