Yesterday, the cryptocurrency fear index dropped to 30, which corresponds to the “fear” zone.
This was preceded by a fall in Bitcoin below $59,000, causing panic and a decline in investor sentiment.
On Monday, the index was at 51, indicating a “neutral” sentiment.
Over the past 24 hours, $301.77 million worth of positions were liquidated in the futures market, according to CoinGlass data.
Overnight, Bitcoin rose again above $60,000, and trading volume in the futures market increased by 163%. Bulls began to activate and gradually push out the bears.
