$BTC 💡 Idea of the Day


The market is in **Extreme Fear** at FNG 14, with $17.7M in **liquidations** dominated by **massive long liquidation (retail capitulation)** at 92% longs. This signals aggressive deleveraging as bulls are forced out, particularly after XRP lost 1.15 support and Bitcoin traders load bearish bets down to 60,853.

Similar setups on June 6 and June 12 (FNG 12-15, 89-98% long liquidations) preceded local bottoms within 48 hours, suggesting the selloff may be exhausted.

Traders should watch for a reversal pattern on Bitcoin near mining cost levels, as miner capitulation historically marks a value zone.

⚠️ **Risk: 7/10** (Continued downside pressure from miner selling and bearish options skew could trigger another leg lower if Bitcoin fails to hold current support).

📊 Key levels:
• BTC: $62,000 / $65,000
• ETH: $1,700 / $1,700

DYOR | Not financial advice
BTC-0.80%
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