59 days of extreme fear with BTC still at $68K — for context, the last single-digit reading was June 2022 when BTC sat at $19K post-Luna/3AC. Whale wallets holding 1,000+ BTC just hit a record 2,140 addresses during this exact panic window, per Glassnode. Retail is capitulating into the strongest institutional bid wall since the ETF approvals, and historically buying below index 15 has returned a median +38.4% over 90 days.

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