Just stared at Coinglass for a long time — BTC is napping around $60,251 right now

On the surface it's "Buddha-like lying flat," but in reality it's a "collective silence" before the storm.

First, look at trading volume: BTC plummeted 52%, ETH dropped 45%, SOL fell 51% — all retail investors seem to have agreed to turn off their computers and spend time with family over the weekend. Without volume, there is no direction. The whales can't pump it and can't dump it.

Then look on-chain: someone is "secretly picking up bargains."

After BTC briefly broke below $60,000, whale transaction volume surged sharply — large orders above $100k and $1M increased significantly.

But on the other side, short-term holders are "cutting losses and leaving" — in the past 24 hours, about 50k BTC were transferred to exchanges at a loss. Panicked people are selling, smart people are buying. That's how every bottom looks.

Then look outside: institutions are running, and the USD is stealing the show.

The US spot Bitcoin ETF has seen net outflows for the seventh consecutive day. Last Friday alone saw $44.5 million in outflows, and the monthly total outflow is about $4.06 billion. The Coinbase Premium Index has been below zero for 40 consecutive days. On the macro side, PCE inflation at 4.1% exceeded expectations, the USD is strengthening, and the Fed will have to continue "tightening."

The good news is that some people are "betting against the trend."

Although ETFs are seeing outflows, BTC inflows to accumulation addresses surged to 181k on June 25 — nearly double the 2022 high of 94.7k. Long-term holders are "catching the falling knife," short-term holders are "cutting losses." Historical bottoms always play out this way.

The Fear & Greed Index is 18 (Extreme Fear), the lowest of this cycle. Should I be greedy when others are fearful, or should I follow the fear and run? That's the dilemma.

First, check the liquidation map (Coinglass data):

· If it pumps to $63,162, shorts will cry — total short liquidation intensity on major CEXs is as high as $786 million.
· If it dumps below $57,458, longs will suffer more — total long liquidation intensity is $710 million.

There's a $3,000 range on each side. Whoever strikes first gets hit.

Key levels (based on real-time prices):

· $60,000: Psychological level. If it holds, there's still hope; if it doesn't, watch more and act less.
· $57,458: The last fig leaf for longs. If broken, you must run.
· $63,162: The first hurdle. If it breaks through, shorts panic; if not, consolidation continues.

Specific ideas (not investment advice, just chatting):

· Spot traders: Don't cut losses at this level, but don't rush to bottom-fish either. Wait for a volume-backed hold above $61,000.
· Futures veterans:
· Long idea: Wait for a pullback to $59,500-$59,800 that doesn't break, then try long. Stop loss at $58,800**, targets at **$61,000 and $62,500.
· Short idea: If it bounces to $61,500-$62,000 and can't go higher, try short with light position. Stop loss at $62,800**, targets at **$60,000 and $58,500.
· Position management: Don't get carried away in this low-volume market. Short-term positions should not exceed 20%, keep enough bullets to watch the show.

Price flat, on-chain undercurrents. Is extreme fear a "golden pit" or a "bottomless pit"? Share your thoughts in the comments 👇#0成本拿2股SK海力士 $BTC ‌