Summary
- The cryptocurrency market reported position liquidations exceeding $1.5 billion.
- Spot ETF indicators, reflecting institutional investors' market entry, showed the worst performance.
- The investor sentiment index recorded 21 points, the lowest this year, indicating increasing anxiety.
The cryptocurrency market showed an overall downward trend, resulting in large-scale position liquidations in the futures market.
According to cryptocurrency media BeInCrypto on the 25th (local time), positions worth a total of $1.5 billion (approximately 2.15 trillion won) were liquidated in the cryptocurrency futures market over the past 24 hours.
By cryptocurrency, Ethereum (ETH) had the largest liquidation volume at $13.8 million, followed by Bitcoin ($9 million), XRP ($2 million), Story ($1.6 million), and Solana ($1.5 million).
Amid this situation, spot ETF indicators, which reflect institutional investors' market entry, are heading towards their worst levels. According to current figures, Fidelity FBTC recorded net outflows of $344.7 million, while large net outflows were also recorded in Bitwise BITB, Grayscale BTC, and GBTC. The current net outflow of Bitcoin spot ETFs stands at $773.5 million, already marking the largest net outflow in history, even without counting the net flow indicators from BlackRock IBIT and ARK Invest ARKB.
The Fear and Greed Index, which shows cryptocurrency market investor sentiment, recorded 21 points, down 4 points from the previous day, marking the lowest figure this year.
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
