Greed fear index is only at 12, already indicating extreme panic; but $BTC longs still have 66%, showing that the sentiment has collapsed, but the positions haven't fully given up yet.

$BTC first dropped below $60k and then rebounded above $61k, with the current marked price around $60,594, meaning there is a rebound, but the pressure of the integer level hasn't been fully shaken off; this round was accompanied by $1.6 billion in liquidations, indicating it's not a normal correction, but a leveraged wipeout.
What's more frustrating is that $BTC open contracts still amount to $6.17 billion, showing that the on-chain ammunition is still heavy; active buy-sell ratio is 0.93, indicating that the buy-side orders are still stronger than the sell orders.
$ETH is close to $1,556 with a funding rate of -0.0046%, and $SOL around $61.8 with a funding rate of -0.0047%, meaning shorts are starting to pay more; next, focus on three things: $60k, 61.7 billion in open interest, and the greed fear index at 12.
$BTC $ETH $SOL # Crypto Market
Assisted by Claude Opus 4.8 model; not investment advice, please make independent judgments.