The Crypto Fear & Greed Index has fallen to 48, indicating a neutral sentiment in the market as investor caution grows. Recent trading data show over $319 million liquidated in just a day, heavily impacting ETH and BTC traders. Overall, the crypto market cap decreased by 1.83% to $3.28 trillion, alongside a 7.63% drop in trading volumes, signaling that investor confidence is waning.
Drivers of this sentiment shift include macroeconomic factors and geopolitical tensions, particularly renewed tariff threats from Donald Trump and ongoing conflicts in the Israel-Iran region. The U.S. stablecoin regulation discussions have also contributed to market uncertainties. Currently, Bitcoin holds a dominance of 64%, while Ethereum lags with a 9.3% share. The Altcoin Season Index reflects a mere 23/100, indicating that altcoins are not leading the market's momentum.
On the liquidation front, CoinGlass reveals that more than 105,830 traders were affected in the past 24 hours, with $100.83 million in ETH and $82.89 million in BTC positions liquidated. The highest single liquidation happened in Binance's ETH/USDT pair, amounting to $4.23 million. This uptick in liquidations suggests a notable shift in trader sentiment and highlights the risks associated with high-leverage trading in volatile conditions.
As the Fear & Greed Index continues to hover at 48, it reflects a market of indecision among investors. The recent decline in the index mirrors a price drop for Bitcoin, from above $111,000 to the low $105,000 range over the past two weeks. Points of hesitation were recorded around early June during Bitcoin's price changes, indicating investor reluctance to engage fully in either direction. Despite Bitcoin's trading volume holding steady, overall sentiment remains subdued. The rising pressure from potential liquidations signals an unsettled market awaiting clarity in direction.
Drivers of this sentiment shift include macroeconomic factors and geopolitical tensions, particularly renewed tariff threats from Donald Trump and ongoing conflicts in the Israel-Iran region. The U.S. stablecoin regulation discussions have also contributed to market uncertainties. Currently, Bitcoin holds a dominance of 64%, while Ethereum lags with a 9.3% share. The Altcoin Season Index reflects a mere 23/100, indicating that altcoins are not leading the market's momentum.
On the liquidation front, CoinGlass reveals that more than 105,830 traders were affected in the past 24 hours, with $100.83 million in ETH and $82.89 million in BTC positions liquidated. The highest single liquidation happened in Binance's ETH/USDT pair, amounting to $4.23 million. This uptick in liquidations suggests a notable shift in trader sentiment and highlights the risks associated with high-leverage trading in volatile conditions.
As the Fear & Greed Index continues to hover at 48, it reflects a market of indecision among investors. The recent decline in the index mirrors a price drop for Bitcoin, from above $111,000 to the low $105,000 range over the past two weeks. Points of hesitation were recorded around early June during Bitcoin's price changes, indicating investor reluctance to engage fully in either direction. Despite Bitcoin's trading volume holding steady, overall sentiment remains subdued. The rising pressure from potential liquidations signals an unsettled market awaiting clarity in direction.
