Summary
- The total market capitalization of cryptocurrencies fell by $130 billion, and major coins including Bitcoin posted steep weekly losses.
- About $1.71 billion in liquidations hit the market over the past 24 hours, with long positions accounting for 80.2% as investor sentiment slid into ‘extreme fear.’
- Net outflows from U.S. spot Bitcoin ETFs and a decline in stablecoin market capitalization reduced liquidity and intensified selling pressure, with a recovery in buying demand needed to…
