The panic index fell to 15, and after selling off, the giant whale bought back $6 million in HYPE

AiCoin data shows that the Fear and Greed Index (FGI) has dropped to 15, entering the extreme panic zone. At the same time, in the past 24 hours, the entire network has experienced a sell-off of 1.679 billion US dollars, of which 1.149 billion US dollars were from long positions, accounting for over 68%, further releasing market leverage risks. According to on chain data, Garrett Jin, a giant whale, sold 184102 HYPEs for approximately $13.55 million yesterday and repurchased 81703 HYPEs worth approximately $6 million today. This means that Smart Money, which had previously proactively reduced its holdings, has begun to reassess the risk return ratio of its current position. From the perspective of market structure, the most noteworthy issue at present is not the price itself, but the deviation between emotions and financial behavior. On the one hand, FGI has fallen to the extreme panic zone, and market sentiment remains pessimistic; On the other hand, some on chain funds have begun to show exploratory replenishment actions. Historical experience shows that when panic continues to spread and large funds begin to restructure, the market often enters a transitional stage from "emotion driven decline" to "fund driven bottoming out". For traders, it is more suitable to adopt a defensive layout strategy at this stage, rather than blindly chasing gains and selling losses. In terms of BTC, we can focus on the support area around $62000. If the market continues to rebound and trading volume shrinks, it may be considered to establish spot positions in batches; If it falls below the key support, we need to continue waiting for clearer signals of stabilization. In terms of HYPE, the Whale's replenishment behavior shows that the investment funds still have a high level of attention to the subject matter. However, due to the large short-term fluctuations, it is more suitable to adopt a light position participation and phased layout approach, rather than high leverage chasing after gains. If there are further signals of increasing holdings on the chain in the future, its independent trend is still worth continuing to track. Overall, the current market is still in the game stage after the release of panic. Extreme panic does not mean an immediate reversal, but Smart Money has begun to search for chips again. For medium - to long-term funds, paying attention to changes in the flow of funds is often more important than guessing short-term fluctuations. Risk Warning: The above content is only for market information sharing and data analysis, and does not constitute any investment advice.