Market Overview & Sentiment
The market experienced a highly volatile session with significant capitulation and a partial recovery. Bitcoin plummeted to $60,341 (a multi-month low) before recovering to $70,103, while Ethereum tested the $1,756 region before bouncing back to $2,079.
The Fear & Greed Index is at 5 (Extreme Fear) – the lowest level in the past 30 days, indicating peak panic. This index has fallen from 62 (Greed) on January 15th to its current extreme fear level.
Exchange Flows CryptoQuant
Total inflow: $2.42M – primarily ETH ($2.33M, 96.4%) with BTC at only $86.79K (3.6%). Inflow is 28-44% higher than the 7-day average, indicating selling pressure.
Total outflow: $2.27M - ETH $2.17M (95.4%), BTC $103.68K (4.6%). Outflow is 20-75% higher than average, indicating accumulation at lower levels.
🎯 Actionable Strategy
For Accumulators:
DCA enters $60,000-65,000 BTC range with stop-loss below $55,000
ETH accumulation at $1,800-1,900 zone
Monitor exchange outflow to confirm smart money accumulation
For Traders:
Range-bound trading between $60,000-71,000 BTC
Break above $71,376 targeting $75,000
Break below $60,000 targeting $55,241