🟡The Crypto Fear and Greed Index dropped from 72 to 60 points in a day, despite Bitcoin holding steadily above $90,000. The decline in sentiment comes amid record-high position openings: according to Alphractal, $8.41 billion worth of trades were opened on April 24, marking an all-time high for Bitcoin.
🟡Alphractal CEO João Vedson noted that a significant portion of these positions has already been closed due to bearish triggers and liquidations. The clustering of long positions alongside low spot activity increases the risk of sudden volatility, although the direction remains uncertain.