More than $220 million in crypto positions were liquidated over the past 24 hours, with long traders suffering most of the losses, according to Coinglass data.

Bitcoin’s open interest slid 2.20% over the last 24 hours. A fall in open interest alongside a price increase typically suggests short sellers are buying back contracts to close losing positions.

Investor sentiment leaned toward “Greed,” according to the Crypto Fear & Greed Index.

The global cryptocurrency market capitalization stood at $2.96 trillion, up 0.30% over the last 24 hours.

Stocks Extend Losses

The stock market continued its downward trend on Tuesday. The Dow Jones Industrial Average fell 131.59 points, or 0.26%, to close at 51,349.9.The S&P 500 dropped 0.16% to…