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The market is currently experiencing clear bearish pressure: the Fear and Greed Index is at 14, indicating short-term panic and fear. Market capitalization has decreased from 2.82 trillion to 2.69 trillion over the past 24 hours. There has been high liquidity and large liquidation waves, primarily targeting long positions.
News: A comprehensive long liquidation wave has affected the market, with both BTC and ETH suffering significant losses.
*Chart showing recent market decline*
Additionally, there have been widespread liquidations, with traders rushing to close their long positions amid the sharp downturn. The volatility remains high, and traders are advised to exercise caution.