The Crypto Fear and Greed Index just hit its lowest level since the 2022 bear market! 😱
Extreme deviations like this tend to mark major capitulation moments which often lead to a local bottom.
1/ For months, hedge funds were exploiting a low-risk yield trade using BTC spot ETFs & CME futures.
This is how it worked:
✅ Buy Bitcoin spot ETFs (BlackRock, Fidelity)
✅ Short BTC futures on CME
✅ Farm the spread for ~5.68% annualized returns
Some were even using leverage to juice their returns into double digits.
But now? It’s imploding.
@dogwifcoin volume has significantly increased and starting to get a decent grouping of green candles again on 15 minute and hourly charts, just taken a larger position of this #crypto#memecoin#CryptoRecovery