Fear and Greed hits 31 as $751 million in positions get wiped out and nearly every major asset posts losses on the day.
Key Takeaways:
- Bitcoin trading at $70,651, down 3.72% in 24 hours and 7.97% on the week.
- $751.35M in total liquidations over 24 hours, 155,514 traders affected.
- Fear and Greed Index at 31, deep in Fear territory, approaching levels last seen in February.
- Ethereum holding just below $2,000 at $1,996, down 4.68% on the week.
- Hyperliquid the only major gainer, up 23.54% on the week against the broader selloff.
Bitcoin is trading at $70,651 at the time of writing, extending the decline that began yesterday when geopolitical pressure from US-Iran tensions started feeding into crypto markets. The 3.72% drop over the past 24 hours pushed price below the $71,000 level.
The weekly picture is more telling than the daily move. Bitcoin is down 7.97% over seven days, a number that reflects not just yesterday’s drop but a sustained institutional exit that CoinShares reported as the largest weekly Bitcoin outflow of 2026 in its most recent data.
The Broader Market
Almost nothing escaped the selling. Ethereum is sitting just below the psychologically significant $2,000 level at $1,996, down 4.68% on the week. XRP dropped to $1.27, a 5.34% weekly loss that erases most of the gains it had accumulated through May. Solana is at $80.35, down 4.80% for the week. Cardano shed 6.44% and now trades at $0.2259. Bitcoin Cash took one of the harder hits among larger assets, falling 17.14% over seven days to $289.
Stellar was the most dramatic mover in either direction, printing a 55.75% weekly gain to $0.2311 while also dropping 12.44% in the past 24 hours, a sign of a volatile asset that spiked earlier in the week and is now pulling back sharply.
Hyperliquid stood apart from the rest of the market. HYPE is up 23.54% on the week at $74.01, making it the only asset in the top tier showing meaningful gains over the past seven days against a market that moved almost uniformly lower.
The Liquidation Data
According to CoinGlass, 155,514 traders were liquidated in the past 24 hours, with total liquidations reaching $751.35 million. Long positions took the overwhelming majority of the damage at $632.41 million, against $118.94 million in short liquidations. That ratio confirms the market was positioned for recovery or continuation higher and got caught the wrong way as price dropped instead.
The largest single liquidation order over the period was a $23.99 million BTCUSDT position on Binance. Over the past four hours alone, $184.89 million was wiped out, with $162.57 million of that from longs, suggesting the selling accelerated rather than slowed as the morning session developed.
What the Fear and Greed Index Shows
The CMC Crypto Fear and Greed Index is sitting at 31, firmly in Fear territory. Looking at the chart, the index has not been at these levels since the February 2026 crash that followed the initial US-Iran military escalation.
At that time, Fear readings in this range preceded a recovery that eventually carried Bitcoin toward its May highs. Whether the current Fear reading marks a similar inflection point could depend heavily on whether the geopolitical situation around Iran and the broader risk-off environment stabilizes or deteriorates further from here.
What the index also shows is how fast sentiment shifted. As recently as late April the index was sitting in Greed territory alongside Bitcoin’s push toward $82,000. The move from Greed to Fear in five weeks reflects the speed at which the Iran conflict, combined with institutional outflows and diplomatic breakdown, reversed what had looked like a recovering market.
Kosta has reported on cryptocurrency markets and blockchain infrastructure since 2020, bringing over six years of hands-on experience in the crypto industry built through daily tracking of markets, trends, and emerging blockchain developments. Specializing in Bitcoin on-chain analysis, institutional ETF flows, and digital asset price action, his work at Coindoo has been cited by other news agencies and consistently covers market developments with a focus on data-driven reporting across Bitcoin, Ethereum, Solana, and XRP.
Over the years, Kosta has contributed to multiple crypto media outlets in different regions, authoring over 6,000 articles across the sector. His reporting spans cryptocurrency markets and the broader fintech industry, tracking not only price action but also the technological and regulatory forces shaping the ecosystem.
To support his analysis, Kosta actively leverages on-chain data and metrics from leading platforms such as Santiment, Glassnode, and CryptoQuant, enabling deeper, evidence-based market insights. He believes in the power of transparency and the data that underpins the blockchain ecosystem.
His academic background in Marketing Management from Denmark further complements his analytical approach, adding a strong understanding of communication strategy and content positioning to his work.
Be the first to comment