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Today I looked at the market data, long positions accounted for 62.8%, while short positions only accounted for 37.2%. It seems that the longer strength is stronger. However, the fear and greed index is only 15, which is definitely in the extreme fear zone.
This combination of longer positions dominating but the market being extremely fearful is quite interesting — there are many bullish traders, but the panic sentiment is strong, indicating that although everyone wants to go long, they are still quite uncertain. This is a typical performance during the bottom consolidation period.