The crypto market is experiencing turbulence as its upward trend faces resistance, leading to a drop in the total market capitalization to $3.15 trillion and Bitcoin's price falling to $95,705. This decline has resulted in massive liquidations, with over 110,705 traders facing liquidations totaling $298 million in just 24 hours. Long trades suffered the most, with $206 million liquidated compared to $92 million from short positions. Binance accounted for the highest number of liquidations, followed by Bybit, OKX, and Gate.io. Bitcoin's decline is partly attributed to significant outflows from Bitcoin ETFs. The Crypto Fear and Greed Index has dropped to 37, indicating nervousness among traders who are now opening short positions. Other leading altcoins like SOL, XRP, and DOGE have also seen major price declines. Overall, traders are closely monitoring Bitcoin's ability to hold its support level amidst the market uncertainty.



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