Bitcoin price analysis sees a collapse in the Crypto Fear & Greed Index as a "good sign," with a BTC price relief bounce due.

Bitcoin continues June with a dip below $70,000, its first since mid-April, as crypto markets spark $800 million in liquidations over 24 hours.

Open interest has risen to 773,000 BTC, one of the highest readings on record, while funding rates remain elevated despite weak spot demand and growing market fear.