Woof, what a day for the crypto markets. We just saw a massive wave of liquidations, with over $1.19 billion getting wiped out across various platforms. That's a pretty significant cleanup of leveraged positions.
It's no surprise the Fear & Greed Index has absolutely cratered, now sitting at a stark 16. That level of extreme fear definitely reflects the widespread margin washout affecting many $BTC and $ETH traders. This kind of event often clears out some of the froth.
#Crypto #MarketUpdate #Liquidations #FearAndGreed
It's no surprise the Fear & Greed Index has absolutely cratered, now sitting at a stark 16. That level of extreme fear definitely reflects the widespread margin washout affecting many $BTC and $ETH traders. This kind of event often clears out some of the froth.
#Crypto #MarketUpdate #Liquidations #FearAndGreed