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With crypto clearing reaching US $200 million, Bitcoin hovers below US $19000: Is market fear receding?
Bitcoin
Bitcoin/USD
+11.1%
It reached the level of $19000 on Thursday night, and then fell to $18800 in the liquidation of $80 million.
According to CoinGlass data, more than $200 million of cryptocurrencies have been cleared in the past 24 hours.
More than 38246 traders closed their positions within 24 hours, which means that short positions failed to break the BTC price level.
The second largest settlement occurred in Ethereum
ETH/USD
+9.43%
Transactions, in which a total of US $71 million was lost.
Bitcoin's "fear and greed index" rose from 26 points on Wednesday to 30 points today, indicating that the fear in the market is weakening. The index collects and evaluates multiple indicators to continuously measure market sentiment, including price trends and social media posts.
Price action: According to the data of Benzinga Pro, at the time of writing this article, the transaction price of BTC in the past 24 hours was $18822, up 3.16%.