Crypto market sentiment has turned fearful, with total liquidations exceeding $280 million in 12 hours on June 5. The Crypto Fear and Greed Index has dipped to a level of “fear” not seen since March 11, following the US SEC filing a lawsuit against Binance, its US arm, and its CEO. Traders with open long positions were hardest hit, accounting for 92% of the overall liquidations.
– Total liquidations have exceeded $280 million in 12 hours on June 5 as crypto market sentiment has turned more fearful.
– The Crypto Fear and Greed Index has dipped to a level of “fear” not witnessed since March 11, following the US SEC filing a lawsuit against Binance, its US arm, and its CEO.
– Traders with open long positions were hardest hit, accounting for 92% of the overall liquidations.
