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$458 million worth of positions were liquidated as BTC dropped to $64K, with the Fear Index falling to extreme levels.
The Greed and Fear Index has returned to its lowest levels on Monday as Bitcoin declined over 4% in a single day, dropping to $64,300 and wiping out all gains since the previous Friday.
In the past 24 hours, more than 136,000 traders have been liquidated, with total liquidation value reaching approximately $458 million. According to data from CoinGlass, about 92% of these were long leveraged positions.
Compared to the all-time high of $126,000 set in October, Bitcoin is now about 48% lower, and 5.5% below the 2021 bull cycle peak of $69,000. Chart data from TradingView shows that at one point, Bitcoin lost over $3,000 in less than two hours of trading.
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