Panic and Greed Index declines, market sentiment weakens, BTC faces downward pressure
The Panic and Greed Index drops to 29, compared to 44 yesterday, indicating increased market fear.
$BTC fell 1.08% to $91,362, with approximately $60 million in long positions liquidated within 24 hours.
Meanwhile, whales reduced long positions by over 9% and increased short positions by 22%; institutional level ETF net outflows reached $54.6 million, indicating a generally cautious sentiment.
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duphung8679
· 01-08 02:39
$BTC
DP reminds everyone of a very important point...
The current market is still in a major downtrend.
The rebounds we are seeing are just technical recoveries + bull traps, not an uptrend.
It's not the right time to get on the boat.
Anyone rushing now is very likely to become liquidity for Market Makers.
Based on the monthly candlestick structure + price action and bear flag...
The selling wave has not ended yet.
It will take another 3–5 weeks for...
Panic and Greed Index declines, market sentiment weakens, BTC faces downward pressure
The Panic and Greed Index drops to 29, compared to 44 yesterday, indicating increased market fear.
$BTC fell 1.08% to $91,362, with approximately $60 million in long positions liquidated within 24 hours.
Meanwhile, whales reduced long positions by over 9% and increased short positions by 22%; institutional level ETF net outflows reached $54.6 million, indicating a generally cautious sentiment.
#BTC # Market sentiment #Panic and Greed Index