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Crypto Market Slides as Liquidations Trigger Extreme Fear
The crypto market is facing a sharp sell-off. Total market capitalization has fallen nearly 5% in 24 hours to $2.54T, while Bitcoin trades just below $75,000.
More than $243M in BTC long positions were liquidated, with over 80% coming from leveraged longs. Open interest dropped almost 10%, confirming rapid deleveraging after heavy positioning.
Ethereum underperformed with a ~10% decline, and ETH dominance slipped to 10.46%, accelerating capital outflows from altcoins.
The Fear & Greed Index plunged to 15, signaling extreme fear.
Macro pressure remains strong as geopolitical risks rise and U.S. manufacturing data continue to point toward contraction.
Success!! The Stock Market has reached Extreme Fear levels for the first time since October 2023 π« #StockMarket #ExtremeFear #Milestone