Bitcoin Whale Liquidated, Crypto Sentiment Turns Extreme Fear

A significant event occurred in the cryptocurrency market as a $61 million Bitcoin whale was liquidated on HTX. This liquidation was part of a broader trend of crypto liquidations, which exceeded $500 million. The market's sentiment has turned extreme fear, with investors becoming increasingly cautious.

The liquidation of the $61 million whale was the largest single forced closure in 24 hours. Bitcoin shed its weekend gains, and the fear index returned to historic lows.