Fear & Greed is at 26 today, down from 37 yesterday. But look under the hood:
On Binance futures, about 72% of BTC accounts are long (long/short ratio ~2.57). Funding is flat at 0.01% and open interest is steady around $7.6B. People say they're scared, yet they're still positioned for a bounce.
BTC is ~$76.6K, right on the $76.3K floor from Oct 30.
My view this week: if daily closes hold $76.3K, that crowded long side gets its bounce toward $78.7K. If we close below it, those longs become fuel and $75K comes fast. Real capitulation usually shows up as negative funding, and we're not there yet.
$BTC #Bitcoin #FearAndGreed #CryptoMarket #BTCAnalysis NFA
On Binance futures, about 72% of BTC accounts are long (long/short ratio ~2.57). Funding is flat at 0.01% and open interest is steady around $7.6B. People say they're scared, yet they're still positioned for a bounce.
BTC is ~$76.6K, right on the $76.3K floor from Oct 30.
My view this week: if daily closes hold $76.3K, that crowded long side gets its bounce toward $78.7K. If we close below it, those longs become fuel and $75K comes fast. Real capitulation usually shows up as negative funding, and we're not there yet.
$BTC #Bitcoin #FearAndGreed #CryptoMarket #BTCAnalysis NFA
