#当前行情抄底还是观望？ The current market situation is quite delicate. Although BTC and ETH have risen slightly, the entire market remains in a state of "extreme fear," and investor confidence is lacking. There have been $218 million in liquidations, with 77% being long liquidations, indicating that many bottom-fishing investors have been shaken out.

From a technical perspective, Bitcoin has strong support in the $60,000-$62,000 range, which was the low point in January this year. If this level cannot hold, it may really test the $50,000 level.
Standard Chartered Bank even predicts that BTC could fall to $50,000, and ETH could drop to $1,400, but they believe this is only temporary. By the end of the year, BTC might reach $100,000, and ETH could hit $4,000.
JPMorgan expects larger institutional capital inflows into the crypto market by 2026. In the long term, institutions remain optimistic about crypto assets, but they are currently on the sidelines in the short term.
From the liquidation data, it’s clear that market leverage remains high. A 10% volatility can trigger billions of dollars in liquidations. Regarding exchange flows, although there is no specific inflow or outflow data today, the weak performance of ETFs suggests that institutional funds may still be cautious. The poor performance of Bitcoin and Ethereum ETFs like IBIT and ETHA indicates that institutional investors are cautious about the short-term market.
So, is now a good time to bottom fish?
That’s a difficult question to answer. Market sentiment is extremely pessimistic, and the surge in searches for "Bitcoin zeroing out" is often a sign of a market bottom. But on the other hand, the technicals still look weak, and support levels may be tested again.
Perhaps the most prudent approach is to avoid blind bottom fishing and panic selling. Long-term investors might see this as an opportunity to build positions gradually, but they must control their positions carefully. Short-term traders should be especially cautious, as market volatility remains high.
This is just how the crypto market is—ups and downs are normal. The key is to stay rational and not be driven by emotions. Investing is a marathon, not a sprint.