• $61 million bitcoin whale liquidated on HTX as sentiment back at ’extreme fear' The position was the largest single forced closure in 24 hours as bitcoin shed weekend gains and the fear index returned to historic lows. • What to know: Bitcoin plunged from about $68,600 on Saturday to $64,300 on Monday, erasing its weekend gains and triggering roughly $468 million in crypto futures liquidations, mostly from long positions. • A single $61.5 million BTC-USDT liquidation on HTX and a plunge in the Crypto Fear and Greed Index to an “extreme fear” reading of 5 highlight mounting stress and capitulation among short-term bitcoin holders. • With bitcoin now about 48% below its October record high and traders repeatedly reloading leveraged longs into brief rallies, analysts warn the cycle of sharp rallies, liquidations and resets is likely to persist. • Bitcoin’sBTC$65,791.51price losses on Monday wiped out a massive leveraged bullish bet. • The trade worth $61.5 million was forcibly closed by cryptocurrency exchange HTX, marking the largest single liquidation in the past 24 hours, according to data source Coinglass.
Article Summaries:
- Bitcoin fell from a Saturday high of $68,600 to $64,300 on Monday, triggering the largest single forced liquidation in 24 hours-a $61.5 million BTC‑USDT position on HTX. The sell‑off erased weekend gains and led to roughly $468 million in crypto futures liquidations, with long positions accounting for about 93 % of the total. The Crypto Fear and Greed Index dropped to an “extreme fear” level of 5, a reading seen only three times since 2018. Bitcoin is now 48 % below its October record and 5.5 % below its 2021 peak, and analysts warn that the pattern of sharp rallies, liquidations and resets is likely to continue.
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