BTC 63000, $20.8 million to buy wall, giant whale begins to go long in reverse direction

The panic in the cryptocurrency market continues to spread. According to AiCoin data, the current Fear and Greed Index (FGI) has fallen to 12, entering the 'extreme fear' range. In the past 24 hours, the total amount of overstocked stocks on the entire network reached 4.46 billion US dollars, of which the liquidation amount of long positions was as high as 3.5 billion US dollars, accounting for nearly 78%. However, as market sentiment approached freezing point, on chain whale funds began to take counter trend actions. On chain data shows that BTC has seen a large spot buy of approximately $20.8 million around $61500, while the $51000, $57500, $58500, and $60300 regions have also accumulated a multi million dollar buy wall, with main funds taking over in batches at low levels. At the same time, the mysterious whale on Hyperliquid "set 10 big targets first" and went long on BTC again after profiting from short positions and leaving; The other address opened a buying position at around $63784 with 1x leverage, and the market began to show signs of differentiation between "panic buying" and "whale buying". In addition to BTC, on chain funds continue to flow into HYPE. Data shows that the address 0xb5E4... Fc24e of the giant whale is continuously buying 269000 HYPEs through a 24-hour TWAP strategy, with a total value of approximately 19.6 million US dollars. The current position of HYPE has risen to the second largest on the entire network, second only to BTC. Technically speaking, BTC's short-term focus is on: • Support area: 63000-62500 USDT Strong buying area: 61500 USDT • Upper pressure: 64500/65800 USDT If BTC can regain its position above 64500 in the future, market sentiment is expected to gradually recover; If it falls below 61500, we need to be alert to the risk of further chain liquidation. The current market has entered a high volatility stage, and short-term trading is more suitable for light positions and fast-paced trading, avoiding high leverage and hard direction. Risk Warning: The market fluctuates greatly, and this article is only for market information sharing and does not constitute any investment advice.