💥 $1.7B in liquidations and extreme fear in crypto
In 24h:
• $1.7 billion liquidated
• 270,000+ traders expelled
• 90% were long positions
• $BTC and $ETH at 2-month lows
• Market cap -6%
👉 This is not a normal drop.
The Fear & Greed index falls to 16 → extreme fear.
Level that historically appears in capitulations.
Panic… or necessary cleanup?