The crypto fear index has dropped to 23, and the market is in a state of “extreme fear”.
Trader Eugene: The market turmoil is unprecedented, survival is key.
The total market capitalization of cryptocurrencies has dropped nearly 10%, with over 800 million dollars liquidated across the network in 12 hours.
Arthur Hayes: If the bond volatility index breaks 140, it will force the Federal Reserve to “open the floodgates.”
ETH/BTC has dropped to the level of the “3·12” period in 2020, currently reported at 0.02128.
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Daily market overall capital heat (reflected by the funding rate) and token unlocks
Data source: Coinglass, TokenUnlocks