The number of people who got liquidated last night reached 210,000.

Just today, there was an old cannon that smashed 300,000 into the 86,000 position.

You might think he is crazy?

But this person did just that in November 2022, when BTC plummeted to 15,500. At that time, the market fear index was only 10, and there was a deafening wail of "going to zero" everywhere.

He entered the market with 100,000 at that time, and after half a year, he doubled his investment and left the market, securely taking away 200,000.

And those who initially scolded him for having "water in his brain" only dared to chase in when BTC surged to 100,000.

His original words were: "I don't bet on price fluctuations; I bet on human nature."

This set of gameplay is something almost everyone has heard of, but only about 1% actually use it correctly.

**Most people have seen the Fear and Greed Index, but few take it seriously.**

Why?

Because most people just look at the numbers and never take them as trading signals.

The Fear and Greed Index ranges from 0 to 100:

• 0~25: Extreme Fear
• 25~45: Fear
• 45~55: Neutral
• 55~75: Greed
• 75~100: Extreme Greed

What time is it now? 27.

What does this mean?

Looking Back at History:
In November 2022, when BTC dropped to 15,500, the index was 21.
In August 2024, when BTC breaks through 50,000, the index is 26.

Both of these time points were later proven to be phase bottoms.

What happened to those who entered at index 21 and 26?

• In 2022, the index entered at 21 → In 2024, it rose to 108,000, nearly 6 times the return
• Index 26 entered in 24 years → Increased to 108,000 in 24 years, doubling.

But every time at the bottom, the market is always filled with these voices:

"It will continue to fall."
"It needs to drop below 10,000."
"The bear market is far from bottoming out."

If you believe it, you can only watch the opportunity slip away.

So, the current fear index of 27 is not meant to make you panic, but to indicate an opportunity window.

**But this does not mean that one should go all in just because the fear index is low.**

The market is always more complex than you imagine. The index is just one reference dimension; it must be combined with on-chain data, macro environment, and capital flow for a comprehensive judgment.

A true expert is not one who predicts rises and falls, but one who remains calm when others are fearful and knows how to restrain themselves when others are being crazy.