The Fear & Greed Index fell to 25 today, officially entering “Extreme Fear.” But another scene is playing out on-chain: an hour ago, a whale spent 19.7 million USDT to buy 8,775 ETH at $2,245. ETFs are pulling out while whales are buying in—the market is doing completely opposite things at the same price.
$BTC: Current price around $75,586. ETFs saw net outflows of $411.9 million yesterday, marking two consecutive days of large outflows. Resistance is building near $76,000, with key support below at $74,000. The 4H long/short ratio is 2.01. Long positions remain crowded, and with the rebound losing steam, watch out for a second dip.
$ETH: Current price around $2,226. ETFs also saw outflows of $93.3 million, but on-chain whales have been steadily accumulating near $2,245. Resistance is at $2,280, with core support at $2,150. The 4H long/short ratio is 2.12. ETFs are selling “paper ETH” while whales are buying “real ETH.”
$SOL: Current price around $89.65. Resistance is at $92, while $86 has been repeatedly tested recently. The 4H long/short ratio is 3.10, the highest of the three coins. Long positions are the most crowded, so volatility could be amplified as risk appetite contracts.
In short: Amid extreme fear, ETFs are pulling out while whales are buying in. Don’t chase longs or try to catch the bottom. Waiting for signs of stabilization is more meaningful than guessing where the bottom is.
For market commentary only; this is not investment advice.
$BTC: Current price around $75,586. ETFs saw net outflows of $411.9 million yesterday, marking two consecutive days of large outflows. Resistance is building near $76,000, with key support below at $74,000. The 4H long/short ratio is 2.01. Long positions remain crowded, and with the rebound losing steam, watch out for a second dip.
$ETH: Current price around $2,226. ETFs also saw outflows of $93.3 million, but on-chain whales have been steadily accumulating near $2,245. Resistance is at $2,280, with core support at $2,150. The 4H long/short ratio is 2.12. ETFs are selling “paper ETH” while whales are buying “real ETH.”
$SOL: Current price around $89.65. Resistance is at $92, while $86 has been repeatedly tested recently. The 4H long/short ratio is 3.10, the highest of the three coins. Long positions are the most crowded, so volatility could be amplified as risk appetite contracts.
In short: Amid extreme fear, ETFs are pulling out while whales are buying in. Don’t chase longs or try to catch the bottom. Waiting for signs of stabilization is more meaningful than guessing where the bottom is.
For market commentary only; this is not investment advice.