The panic index has dropped to 18. What does this number indicate? Retail investors are frantically cutting losses, setting a new record since 2018. The market is so fearful that it actually presents an opportunity for smart money to move in.

Once you see the liquidation chart clearly, you'll understand—above $90,903, there are a total of 1.923 billion in short positions stacked up. What are the big players doing? Eating up at low levels. They are not panicking at all; instead, they are happily watching you cut losses.

What’s truly interesting is the price zone around $86,000. This is not just an integer threshold but also the average cost zone for many institutions. As long as the support at $85,313 holds, a counterattack against shorts above $90,000 could happen at any time. What does a comprehensive negative funding rate mean? It indicates that the bullish funding costs are extremely low right now. This wave of market movement is going against the trend, and the odds are quite attractive.