Everyone is calling $BTC dead at Fear & Greed 12. The price chart tells a different story.
Popular narrative: extreme fear means collapse. Actual data: $BTC sits at $70,712 and has held $70K four times this week without a flush.
Today brings quadruple witching — four types of derivatives expiring simultaneously. Crypto correlates with risk assets, so equity volatility today matters.
March 27, $13.5B in crypto options expire on Deribit. Positioning shows demand for volatility strategies, not directional bets. Smart money is buying protection, not picking a side.
Both scenarios are live: $70K launches a move higher, or it becomes a liquidation trap.
Are you positioned for the breakout or the breakdown?