While everyone watches the screen bleed, the markets today enter a state of extreme fear with a reading of 11. This level is not just a number, but the psychological state that historically precedes major shifts in price structure.

Bitcoin ETF funds recorded a violent outflow of $545 million in a single day. This indicates that "smart money" is repositioning itself away from high-risk assets currently.

The founder of Ethereum sold 493 ETH (approximately $1.16 million), and the price of ETH dropped more than 20% in a week to reach $2200, putting the entire market under immense psychological pressure.

The strange thing here is that Ethereum network activity recorded a record of 2.8 million transactions daily. We are facing a rare separation between network strength and asset price.

The market does not move on emotion but on liquidity.

What is happening now is a process of unwinding leverage. Analysts like Tom Lee see these corrections as "an attractive opportunity" based on fundamentals, while Van de Poppe's analyses indicate that the ETH/BTC pair is repeating historical bottom patterns.

We are not in a random collapse but in a phase of resetting financial correlations.

The question now is not where the bottom is, but when will the bleeding of ETFs stop? The stability of flows is the only reliable signal $BTC $BNB $ETH that matters now.