Bitcoin (BTC) edges lower on Tuesday, extending its losses of over 2% from the previous day. The broader crypto market suffered nearly $600 million in liquidations over the last 24 hours amid renewed sell-off pressure. Artificial Superintelligence Alliance (FET) and Shiba Inu (SHIB) have emerged as the worst-performing crypto assets in the same time period.
CoinMarketCap’s Fear and Greed Index at 33, down from 39 on Sunday, reaffirms sustained downside pressure, keeping the sentiment bearish in the near term. At the same time, roughly $592 million in total liquidations over the last 24 hours, led by $455 million of long liquidations, echo renewed selling pressure.
