Today BTC is ranging and oscillating around 62,800, while ETH is also under pressure around the 1,660 level.

Over the past 24 hours, total liquidations across the entire network have exceeded $2.5 billion, and long positions account for as much as 94%—the leverage flush is almost done.

After the sharp selloff, volume has shrunk and the market is moving sideways; volatility continues to compress. This is a typical bottoming signal, not a “downtrend continuation.” The fear index is 17, and it’s eerily quiet in the group—but precisely when no one is discussing it, it’s actually worth taking a closer look.

There’s order/position support in the 62,000–63,000 range, and these past two days, big whales have also been making moves on the ETH order book. The shorts can’t push down anymore, and sentiment is extremely extreme—so a rebound is only a matter of time.

I won’t chase the rally or try to guess the bottom, but at this level, I choose to enter in batches.
$BTC ‌$ETH ‌