Key Market Statistics (Last 24 Hours)
Total Liquidations: Approximately $670M – $750M across the crypto market.
Long vs. Short: Roughly 90% of liquidations have been long positions, showing that the market was over-leveraged to the upside before this dip.
Fear & Greed Index: Currently at 29 (Fear), a sharp drop from the "Greed" levels seen just two weeks ago.
ETF Activity: Five consecutive days of net outflows (reaching $700M on peak days) have stripped the market of immediate buy-side support.
Technical Note: Analysts are watching the 100-week SMA (Simple Moving Average) at $87,250. Closing the day or week below this level is historically a bearish signal that often precedes a test of the deeper $80,000 support cluster.