The Bitcoin price has taken a significant hit, dropping by over 4% on Monday to $66,300. This decline wiped out the gains accumulated since Friday and pushed the Crypto FearAndGreed Index back to an extreme fear level of 14 out of 100.
According to CoinGlass, over 136,000 traders were liquidated over the 24-hour period, with total liquidations reaching $458 million. This is largely due to leveraged long positions, which account for 92% of the liquidations.