The current picture shows a familiar divergence. Market cap is up while 24 hour volume declines, and sentiment sits in extreme fear. This often reflects a technical bounce rather than a confirmed structural recovery. A positive BTC ETF inflow of 7 million USD suggests institutions are not fully exiting, but the scale is relatively small compared to total market size.

From a broader ecosystem perspective, a Fear and Greed level at 11 usually appears after sustained selling pressure. Extreme sentiment can mark a revaluation phase, where markets begin to stabilize and rotate instead of collapsing uniformly.

If we detach emotion from data, the market has not confirmed a new trend. This could be a base forming zone or simply a relief rally within a wider downtrend. Liquidity return remains the key condition. This is not financial advice. Please protect your assets.

BNBUSDT

Perp

631.68

+5.52%

ETHUSDT

Perp

2,086.85

+6.41%

BTCUSDT

Perp

70,244.9

+4.77%