🔴On May 30, Bitcoin’s price dropped below $105,000, hitting its lowest level in the past 10 days. After a rapid surge to $112,000, the cryptocurrency corrected by 6%, continuing to trade in the red. As Bitcoin fell 2.5%, leading altcoins also declined: Ethereum lost 3.8%, and Dogecoin nearly 9%. The total crypto market capitalization decreased by 2.9%, falling to $3.32 trillion.
🔴The sharp price movement led to the liquidation of positions for over 200,000 traders, amounting to $685 million. Most of the losses came from long positions, signaling a shift in market sentiment. The Fear and Greed Index dropped from 74 to 60 — the market remains in the greed zone, but caution is growing. This trend could mark the beginning of a deeper correction unless the bulls regain control.