$515M LIQUIDATED: Is the $BTC Bottom Finally In?
The market just underwent a massive sentiment reset. As the Fear & Greed Index hit "Extreme Fear" (16), smart money stepped in to reclaim the $2.3T market cap level.
Why did this happen? $515M in leveraged positions were wiped out in 24 hours ($187M in $BTC alone). Crucially, funding rates had flipped negative, creating a perfect environment for a short squeeze. As $BTC pushes past $66.4K, we are finally seeing rotation into $ETH and $XRP, though Bitcoin dominance remains high at 58%.
Market Structure Signal:
The key level to watch is the $2.27T total market cap support. If bulls defend this zone against volatility, the path is clear to the next liquidity block at $2.4T–$2.47T .