đ¨ Fear Strikes: Crypto Sentiment Index Plummets to 26! đ¨
The crypto market is experiencing significant turmoil with a massive sell-off and liquidations. Both Bitcoin and Ethereum have seen sharp declines:
- Bitcoin Crashes: BTC tumbles to $52,300.
- Ethereum Dives:ETH nosedives to $2,111.
In a shocking 24-hour period, the market witnessed massive liquidations totaling $800.32 million. The Nikkei index also suffered its largest two-day decline in history, surpassing even Black Monday.
Speculation surrounds Jump Trading as they reportedly unstake and offload $500 million worth of Ethereum over two weeks, possibly signaling an exit from the crypto market maker business.
The Crypto Fear and Greed Index has dropped to a worrying 26, indicating a strong wave of fear gripping the market.
Stay alert, traders! The crypto market is in a state of chaos.
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