Data Overview: Market Fear Intensifies, BTC Hoarding Index Enters Bottom-Fishing Zone for the First Time in Three Years
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This morning, the crypto market experienced a sharp decline, with BTC briefly dropping to the key psychological level of $60,000. Some data points have reached extreme levels not seen in years, as detailed below: · Fear & Greed Index: Currently at 9, entering the "Extreme Fear" level, breaking below 10 for the first time since July 2023 · ahr999 Coin Hoarding Index: At 0.345, falling into the "Bottom Fishing Range," the first time in nearly three years · BTC Long/Short Position Ratio: At 2.07, indicating that major funds are leaning bearish · BTC Premium on a Certain Exchange: Remains at a negative premium, with US institutional demand still weak · ETF Capital Flows: BTC and ETH spot ETFs have seen a cumulative net outflow of over $4.6 billions in the past four weeks, with selling pressure persisting AiCoin Editor's Note: Before institutional selling shows signs of exhaustion, any rebound may face pressure. In the near term, close attention should be paid to whether BTC can stabilize effectively around $60,000 and whether there is a turning point in ETF capital flows. Data is for reference only and does not constitute any investment advice.
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