Crypto Market Rebounds - $515M Liquidated in 24H
Buyers are finally stepping in. As $BTC climbed over 4% toward $66.4K, the total market cap pushed back above $2.3T after days of extreme fear and heavy selling.
The move followed a deep sentiment reset. The Fear & Greed Index dropped to 16, signaling "extreme fear," while roughly $515M in leveraged positions were liquidated. Bitcoin alone saw about $187M wiped out as forced selling cleared the market.
$ETH jumped nearly 7% toward $1,978, $XRP gained over 7% to around $1.37, and Solana surged more than 9%. Bitcoin dominance remains near 58%, showing large caps are still leading, but altcoins are catching momentum.
Funding rates recently turned negative, meaning many traders were positioned short. As price moved higher, short covering added fuel to the rally.
Total market cap now sits near $2.3T. Hold above $2.27T, and the next resistance zone lies around $2.4T-$2.47T. Lose momentum, and volatility could quickly return.
