Fear of greed hits 12, but
$BTC still has 66% of contracts in long positions, with emotions screaming, and positions still holding on tightly.
Point A is about stopping the bleeding after a sharp decline.
$BTC fell below $60k and then rebounded near $61k, with the current marked price around $60,658.
This indicates that the critical level was breached without an immediate crash, but the rebound hasn't yet dispersed the panic.
The previous downward move triggered about $1.6 billion in liquidations.
This is not a normal retracement; it’s leveraged positions being forcibly unwound.