Fear just hit 13 — the lowest in 4 months — and longs are STILL paying to stay long.
We say we're scared, then pay +0.0039% funding every 8 hours to hold the same longs. OKX long/short sits at 3.05 while $1.31B just liquidated, mostly longs.
Fear 13 doesn't mean the bottom is in. It means the crowd is panicking and positioned the same way.
$BTC $67,166, -2.3% today, low $66,456. $ETH $1,904, hugging $1,900.
A close above $70,000 says the panic flushed out. Under $65,000 says the fear was right.
Scared and long, or scared and out — $BTC above $70,000, or waiting for $65,000?
Not financial advice. DYOR.
#Bitcoin #MarketPsychology #CryptoMarket
We say we're scared, then pay +0.0039% funding every 8 hours to hold the same longs. OKX long/short sits at 3.05 while $1.31B just liquidated, mostly longs.
Fear 13 doesn't mean the bottom is in. It means the crowd is panicking and positioned the same way.
$BTC $67,166, -2.3% today, low $66,456. $ETH $1,904, hugging $1,900.
A close above $70,000 says the panic flushed out. Under $65,000 says the fear was right.
Scared and long, or scared and out — $BTC above $70,000, or waiting for $65,000?
Not financial advice. DYOR.
#Bitcoin #MarketPsychology #CryptoMarket
