Bitcoin dropped more than 2% over the past 24 hours and briefly touched $61,825, while Ether fell to $1,750. CoinGlass data cited in the report showed $367 million in crypto liquidations over the same stretch, with 91,399 traders wiped out as the market’s Fear and Greed Index slid to 22, or “Extreme Fear.”
$367 million liquidated in 24 hours, longs took most of the hit
According to CoinGlass, total liquidations across the crypto market reached $367 million in the past 24 hours. Long positions accounted for $310 million, or about 85% of the total, while shorts made up $56.2 million.
A total of 91,399 traders were liquidated. The largest single liquidation was an ETH-USD position on Hyperliquid valued at $4.08 million.
Binance spot quotes in the report showed Bitcoin falling to a 24-hour low of $61,825 before trading at $62,561 at the time of writing, down 2.23% on the day. Ether touched $1,750 and later traded at $1,786, down 2.12%. SOL and XRP also moved lower, falling 2.52% and 2.02% to $75.45 and $1.0695.
Chip stocks and oil prices added pressure to sentiment
On the macro side, the report said the three major U.S. stock indexes all closed lower Monday. The Nasdaq fell 1.6%, or 408 points, to 25,873. The S&P 500 lost 0.8%, while the Dow Jones Industrial Average slipped 0.3%, or 138 points, to 52,498.
The article also said SK Hynix posted its biggest one-day drop on record in Seoul trading, dragging down semiconductor names including Micron and Nvidia.
It further stated that Donald Trump announced a renewed U.S. military “Iran blockade” policy, under which all ships passing through the Strait of Hormuz would face a 20% cargo protection charge. Brent crude futures rose after that, according to the report. The article linked rising war risk and higher oil prices to concerns over inflation and the possibility of further Federal Reserve rate hikes.
Fear and Greed Index falls to 22
Data from Alternative.me showed the Crypto Fear and Greed Index dropping to 22, placing the market in the “Extreme Fear” zone and marking its lowest level in nearly a week.
The report said Bitcoin reached $64,442 on July 10, its highest level in the past 14 days, and has since pulled back by about 3%. Ether touched $1,825 on July 13 before also moving lower.