bitcoin:native Dropped from 73k to 60k, a nearly 20% decline, breaking below 60k twice.

But the reaction in the derivatives market wasn't that significant.
According to normal logic, with such a large drop, everyone should be getting more and more nervous, but the volatility of long-term options is actually decreasing, and forward contracts aren't showing any strong performance.
Simply put:
It seems that big funds don't think there will be a big move soon, whether it's a sharp rise or a sharp fall, they are now more like observing.
What does this feeling resemble?
In the past, when the market dropped, everyone was shouting "golden pit" or "buying opportunity," now even long-term funds are starting to stay silent.
Price drops are not scary; what's scary is that sentiment is starting to cool down.
BTC has been best at proving the market wrong all these years; when everyone thinks it can't, it often suddenly surges.
But at least from the current derivatives data, the attitude of long-term funds is no longer as optimistic as before.
The support level around 60k isn't that strong; I feel it might not hold, and the market may need to find a bottom again.
#Bitcoin