Fear & Greed Index at 29, traders extremely nervous.

But what about the open interest? It rose 6.1%, while the volume plummeted by 37%.

Long liquidations surged by 683% in 24 hours.

On social media, people are divided between "ETH reaching $7 thousand" and "whales dumping $2 billion".

Meanwhile, derivatives traders continue to throw money into positions that no one is sure will work out.

The data is telling two different stories, and one of them is lying.

So... what is the real game here?