BTC has fallen below $67,000! Greed index at 13 extreme fear, is this the bottom of the bear market or will it continue to plunge?
📊 BTC Price Analysis
Current Price: $66,008
CVDD Valuation: $47,516 (39% premium over current price)
Dropped about 7% from recent high of ~$71,000
Key Support Area: $60,000-63,000 (near 200-day moving average)
📈 NUPL In-Depth Analysis
Current Value: 22% (Hope/Fear zone)
Area Interpretation: Hope/Fear zone, below the 0.25 threshold
Historical Comparison: Typical signals from the bear market bottom at the end of 2018 and mid-2022 bear market
Sentiment Analysis: About 40% of BTC circulation is at a loss, extreme fear but not to the point of capitulation selling
Greed Index: 13 (Extreme Fear)
🎯 Comprehensive Judgment
Short-term: Under pressure, $60,000-63,000 is a critical defense line, if breached, it may test CVDD support at $47,516
Medium-term: Three indicators resonance (NUPL 0.22 + CVDD 1.39x + Fear Index 13) points to the mid-to-late structure of the bear market, gradually opening up opportunities for buying on dips
Risk Warning: External geopolitical risks suppress risk assets, strictly control positions until a stable recovery is effectively established
💡 The current market is highly similar to the mid-structure of past bear markets—fearful but not desperate. Long-term investors may consider buying opportunities below $60,000 in batches, but must have a stop-loss plan in place.
What is your choice now?
