The crypto market just saw a major reset.

Over $515M in leveraged positions were liquidated in 24 hours, including around $187M in Bitcoin alone. At the same time, the Fear & Greed Index dropped to “Extreme Fear” (16), showing how negative sentiment had become.

Funding rates had turned negative, which often signals crowded short positions. That setup can increase the chances of a short squeeze if price starts moving up.

Bitcoin moving back above $66.4K has led to some rotation into Ethereum and $XRP, although Bitcoin dominance remains elevated near 58%.

From a broader structure perspective, the total crypto market cap around $2.27T is an important support level. If that area holds, the next key liquidity zone sits between $2.4T and $2.47T.

This move looks more like a positioning reset than a clear confirmation of a long-term bottom. Watching support levels and funding conditions remains important.

#Bitcoin #Crypto #MarketSignals #MarketUpdate #XRP