The sentiment is quite bearish, even if even after seeing a slight bounce back from the shop selloff that we saw in the last 24 hours, the the bounce back has not been very convincing. We have not seen quite a big buyers yet in the market. The so-called dip buys of the value buying has not kicked in yet.Oh, there is a index called fear and greed index in crypto, which is at 23, which still shows extreme fear, reflecting the kind of mood that market sentiment market is at. Traders are still sitting on the si ...

🔥 INSIGHT: Analyst says $BTC sellers are trying to create bearish sentiment online.Looks like they want a better entry. https://t.co/Dv3qCr7vod ...

Group 1 - Institutional traders have bet over $1.15 billion on downside protection in the past 24 hours, with put options making up 28% of total market transactions while Bitcoin remains above $110,000 [1] - The options market shows a high degree of panic among large players, with market skew turning deeply negative, comparable to levels seen after the $19 billion liquidation crash on October 11 [2] - Total open interest across all Bitcoin derivatives is at $33.0 billion, with perpetual contracts at $30.9 billion and futures contracts at $2.2 billion, reflecting a 1.67% decline in open interest over 24 hours [3] Group 2 - A Bitcoin whale transferred 2,000 BTC, valued at approximately $222 million, into 51 new addresses, indicating a common practice among large holders for privacy rather than panic selling [4] - The ongoing liquidation primarily affects traders using high leverage on low-quality cryptocurrencies, with a warning that there is no safe leverage on coins that can potentially go to zero [5] - Significant short positions have been established, including a 3,440 BTC short worth approximately $392 million, with unrealized gains of $5.7 million, and other large traders building short positions across multiple cryptocurrencies [6]