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BTC Below $60K. ETH RSI at an All-Time Low. Here's the Honest Read.BTC broke below $60,000 overnight, its lowest since October 2024. The RSI readings underneath that price action are historically unusual.BTC's RSI sits at 15.41, second only to November 2018 in recorded history. ETH's hit 13.29, an all-time low, surpassing June 2022 when the market was absorbing a full-scale liquidation cascade. The Fear and Greed Index sits at 12. By most historical measures, this is extreme territory.The forced liquidation data matches. A single whale was liquidated for 15,042 ETH. The Machi address had 352 ETH longs partially wiped, $15,287 remaining, with $30M+ in losses since November. These aren't small retail stops. Across the broader market, over $1.75 billion in positions were liquidated in 24 hours.Two scenarios split the road from here. If the cascade runs out of fuel in this zone, RSI readings at these levels have historically marked the start of a recovery, not necessarily the exact bottom, but the region where tactical positioning has worked. The data is as extreme as it gets.But June 2022 is the relevant warning. ETH's RSI was similarly crushed then, and the market still had cascading sell pressure to absorb before finding a floor. On-chain liquidations driving spot sales can extend the move further than technicals alone suggest.The RSI says this zone is significant. The open question is whether the liquidations are done. Share your thoughts in the comments 👇 #BTCETHExtremeOversold $BTC $ETH