BTC started to cool down after a continuous rise.
As of the morning of August 26th Beijing time, BTC was reported at $78831, down 1.23% in 24 hours, but still up 22.45% in the past 7 days. ETH reported $2456, up 28.40% on the 7th; SOL reported $97, up 26.36% on the 7th.
From the perspective of price increase, the market has not weakened, but the pace of increase has significantly slowed down.
What is truly worth paying attention to is the leverage side. In the past 24 hours, the entire network experienced a sell-off of approximately 1.784 billion US dollars, with long positions selling 1.271 billion US dollars and short positions selling 513 million US dollars. The clear advantage of long liquidation indicates that some chasing funds have begun to passively exit the market.
Emotional indicators have also undergone changes.
The Panic Greed Index is currently at 65, still in the greedy range, but has decreased by 9 points compared to the previous 74.
That is to say, market sentiment is shifting from rapid warming to cooling.
At this point, the most important thing to guard against is not a regular callback, but a leveraged stampede.
If BTC only oscillates around $78000, it belongs to normal digestion after the rise; But if the price continues to weaken, and at the same time, the scale of long positions being liquidated expands, and spot buying cannot be sustained, stop loss and strong leveling may form a chain reaction, and the speed of correction will significantly accelerate at that time.
However, there is currently insufficient evidence to prove that a panic market has already begun.
On the one hand, BTC has still risen by over 22% in the past 7 days, while mainstream assets such as ETH and SOL remain strong; On the other hand, institutions have still made significant increases in holdings, and the positive expectations of regulatory authorities have not fundamentally changed.
So what is currently more worth observing is whether the price and settlement data deteriorate synchronously:
BTC maintains its high position → the upward trend is still ongoing, only digesting profit taking;
Breaking below key support+bullish liquidation continues to amplify → stampede risk significantly increases.
For a market that has already experienced a significant increase, the most important thing next is to observe whether there is a real influx of funds during the correction process.
Risk Warning: The above is only for market information sharing and data analysis, and does not constitute any investment advice.
