Crypto Market Slips Into Extreme Fear as Liquidity Thins and Support Breaks
The crypto market cap has lost more than 8% in the last 24 hours to $2.22T, dropping to $2.09T at its lowest point. The Crypto fell below last April’s lows and rolled back to levels last seen in September 2024. The market did not hold on to the strong line that had served as support and resistance for more than two years. Either this is a switch to panic mode, or we saw a short-term overreaction during a period of reduced liquidity, and cryptocurrencies will partially rebound in the coming days.
The sentiment index fell to 9, where it was last seen in June 2022. In general, reaching single-digit levels is a very rare occurrence. At the same time, we warn again that such oversold conditions may be followed by months of consolidation or…
