Bitcoin briefly traded below $66,000 over the past 24 hours, triggering nearly $1.83 billion in liquidations as leveraged longs were forced out. Spot BTC is now hovering around $67,287, down 4.11% on the day, while Ethereum underperformed at $1,879, off 5.19%.
Why it matters
The scale of the wipeout — almost $1.83B in 24 hours — shows the market was carrying a crowded long book into a thin-liquidity window. A drop that size rarely comes from organic spot selling alone; the cascade does the work once a band of liquidations goes. The Fear & Greed Index has now slipped to 11 (Extreme Fear), a level last registered in April, which historically marks a sentiment reset rather than a sentiment capitulation.
Market impact
Spot BTC ETF outflows are still running on top of the price weakness, which is the combination that tends to keep drawdowns grinding rather than reversing cleanly. Total crypto market cap sits at $2.44T with BTC dominance at 55.4%, a sign that altcoins are absorbing the worst of the deleveraging. Bullish crypto bets lost roughly $1.6B in the move, with ETH, SOL, and DOGE each dropping around 9%. With extreme-fear readings back on the board and the long side cleared, the next session is more about whether ETF flows turn or extend.
Source: [source](http://telegraph.controller.bot/files/8336652911/AgACAgIAAxkBAAI3Fmof0QZe_-3itfP4uT_qy31k_84qAALRHGsb9PoBSdysj-Evi0bVAQADAgADeQADOwQ)
Frequently asked questions
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How much was liquidated in the last 24 hours?
Nearly $1.83 billion in leveraged positions were liquidated over the past 24 hours after Bitcoin briefly fell below $66,000.
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What is Bitcoin's current price and daily move?
Bitcoin is trading around $67,287, down 4.11% on the day, after a brief dip below $66,000.
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How is Ethereum performing in this move?
Ethereum is trading around $1,879, down 5.19%, underperforming Bitcoin and absorbing a heavier share of the altcoin deleveraging.
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What does the Fear & Greed Index reading of 11 mean?
A reading of 11 puts the index back in Extreme Fear territory — a level last registered in April, historically associated with sentiment resets rather than full capitulation.
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Are spot Bitcoin ETFs still seeing outflows?
Yes. Spot BTC ETF outflows have continued alongside the price weakness, a combination that tends to keep drawdowns grinding rather than reversing cleanly.
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