MARKET UPDATE
In the past 24 hours , 88,938 traders were liquidated , the total liquidations comes in at $241.63 million
The largest single liquidation order happened on OKX - ETH-USDT-SWAP value $4.38M (better than usual)
Fear and greed index at 55 (neutral)
BTC, ETH dominance - 56%, 12 %
The market can retest till 89k and after it we can expect an healthy bounce , before this don’t do much long holdings
The cryptocurrency market is currently experiencing a downturn, with the total market capitalization decreasing by 7.33% in the past week. Bitcoin, the largest cryptocurrency by market cap, has also seen a significant decline, falling over 8% in the last 24 hours.
However, there are some positive signs as well. Ethereum, the second-largest cryptocurrency, has shown some resilience, and several other cryptocurrencies have seen slight increases in price. Additionally, the overall trading volume has remained relatively stable, indicating that investor interest in the market remains high.
Overall, the crypto market is currently in a state of flux, with both bullish and bearish signals present.