Bitcoin Retraces To Mid-$64,000s As Fear Index Hits 5 And Liquidations Top $508 Million

Bitcoin climbed to around $68,600 on Saturday before reversing to the mid-$64,000s, with traders facing heavy long-side liquidations exceeding $508 million in the last 24 hours. The Crypto Fear and Greed Index has dropped to 5 out of 100 and recent data shows seven-day net realized losses near $500 million per day, while analysts highlight an unusually negative Sharpe Ratio that some view as a potential low-risk accumulation signal.