Bitcoin briefly dropped to 60,000 USD, recording its lowest levels since September 2024. Over the course of a day, positions worth 2.67 billion USD disappeared from the market, of which 2.31 billion USD were leveraged long positions.
The CMC Fear and Greed Index dropped to 5 points, the lowest in the history of the indicator, signaling extreme risk aversion. The index is currently oscillating around 9.
According to analyst Rachael Lucas (BTC Markets), traders have stopped 'catching falling knives' and are focusing on capital preservation. This is also confirmed by outflows from American spot ETFs on BTC, which exceeded 800 million USD in two days.
The key technical area remains the zone of 58–60 thousand USD. Its maintenance may enable stabilization and an attempt to rebound, however, the market still remains heavily dependent on the moods on Wall Street, where a sell-off of technology companies and assets related to AI is ongoing.
