The Fear & Greed Index has fallen to 25, putting it in the extreme fear zone.
Spot Bitcoin ETFs saw net outflows of about $430 million on Thursday. Perpetual futures liquidations totaled around $1.26 billion in one day, 90% of them from long positions; yet the account long/short ratio is still elevated at 3.13, and funding rates remain positive. BTC is currently around $75,900, with little direction over the past day. Order books tend to be thinner on weekends, and crowded longs facing thin liquidity make for a worrying combination. I’m prioritizing the risks on the leverage side.
$BTC
#Bitcoin rebounds to $75,000 as chip stocks lead gains
Spot Bitcoin ETFs saw net outflows of about $430 million on Thursday. Perpetual futures liquidations totaled around $1.26 billion in one day, 90% of them from long positions; yet the account long/short ratio is still elevated at 3.13, and funding rates remain positive. BTC is currently around $75,900, with little direction over the past day. Order books tend to be thinner on weekends, and crowded longs facing thin liquidity make for a worrying combination. I’m prioritizing the risks on the leverage side.
$BTC
#Bitcoin rebounds to $75,000 as chip stocks lead gains
