$BTC finally broke above $62K, the CMC Fear & Greed Index also rebounded to 26 (Fear), with $248.65M liquidated in the past 24H, of which shorts accounted for $203.4M.


Historically, this level often corresponds to a short-term bottom over the next three to four weeks. As I said long ago, the quality of buying the dip when the Fear & Greed Index is below 20 is still rising.
But this wave looks more like a short squeeze / short-covering rally. Take it slow, July is still a long way off.
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SlippageSailor
· 21h ago
Is it fear-and-greed 26, or still the fear zone? Historically, this is indeed an area that often forms short-term bottoms, but July is long—don’t rush to go all in.
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SnackFi
· 22h ago
Short sellers got wrecked badly, 203M went up in smoke. The quality of this rebound is mediocre; wait until the end of the month to see.
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