Fear in the crypto market continues to spread. According to AiCoin data, the current Fear & Greed Index (FGI) has dropped to 12, entering the "Extreme Fear" zone. Over the past 24 hours, total liquidations across the network reached $4.46 billion, with long positions accounting for $3.5 billion—nearly 78% of the total. However, as market sentiment approaches its lowest point, on-chain whale activity has begun to show contrarian moves. On-chain data reveals a large spot buy order of approximately $20.8 million for BTC near $61,500, alongside multi-million-dollar buy walls accumulating at $51,000, $57,500, $58,500, and $60,300. Major players are gradually accumulating at lower levels. Meanwhile, the mysterious whale on Hyperliquid known as “First Set 10 Big Targets,” after exiting their short position with profits, has now reversed into a long position on BTC. Another address opened a bottom-fishing position at 1x leverage near $63,784. The market is now showing a divergence signal: widespread panic-driven selling coexisting with whale accumulation. Beyond BTC, on-chain funds continue flowing into HYPE. Data shows that whale address 0xb5E4...Fc24e has been steadily purchasing 269,000 HYPE tokens via a 24-hour TWAP strategy, totaling approximately $19.6 million. HYPE’s current holding volume has risen to second place overall, trailing only BTC. On the technical side, key BTC short-term levels to watch: • Support zone: $63,000–$62,500 USDT • Strong buying zone: $61,500 USDT • Resistance levels: $64,500 / $65,800 USDT If BTC can reclaim and hold above $64,500, market sentiment may gradually recover. If it breaks below $61,500, further cascading liquidations must be monitored. The market has entered a high-volatility phase; short-term trading is better suited for lighter positions and faster-paced strategies—avoid holding high-leverage positions against the trend. Risk Disclaimer: Market volatility is significant. This content is for informational purposes only and does not constitute investment advice.
BTC at $61,500 sees a $20.8M buy wall as whales accumulate.
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Summary
On-chain trading signals reveal a $20.8M BTC buy wall forming at $61,500 as whale activity intensifies. The Fear & Greed Index reached 12, with $4.46B in liquidations—$3.5B from long positions. Whale activity includes buy walls at $51,000, $57,500, $58,500, and $60,300. A major whale reversed a short position to go long on Hyperliquid. Whale address 0xb5E4...Fc24e is accumulating 269,000 HYPE via TWAP, totaling $19.6M.
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