The post Extreme fear grips crypto today: $281 mln Bitcoin liquidates in 24 hours appeared on BitcoinEthereumNews.com. Key Takeaways What is the crypto sentiment like now? It has been fearful over the past two weeks, and the recent volatility pushed sentiment into the “Extreme Fear” zone once again. What’s next for Bitcoin and the crypto market? The rest of the week will likely see another bout of volatility, but the macro outlook showed potential for a Bitcoin recovery. The crypto market sentiment shifted to “Extreme Fear” once again on Wednesday, the 22nd of October. The Crypto Fear and Greed Index has been hovering between Fear and Extreme Fear values since the market crash on the 10th of October. Over the past 24 hours, Bitcoin [BTC] experienced increased volatility. It rallied 5% from $108k to $113.4k, before falling back to $108k within 8 hours. This volatility has affected the wider market. CoinGecko data showed that the various altcoin sectors were all down 2% -5% over the past 24 hours. In a nutshell, this was crypto today. The decentralized exchange (DEX) sector was among the worst performers. Aster [ASTER] and Pump.fun [PUMP] down 10.2% and 4.7% in 24 hours, while Hyperliquid [HYPE] was down 1.9%. Source: Axel Adler Jr on X The quick increase in volatility caught many traders offside in the derivatives market. CoinGlass data showed that the past 24 hours saw $281 million worth of positions liquidated. It was quite evenly split among long and short positions. Long positions liquidations were worth $128.95 million, while shorts worth $152.21 million were liquidated. Analyst Axel Adler Jr pointed out that the liquidation index rose above 3 sigma. This implied high volatility and was not an everyday occurrence in the market. Bearish on crypto today, but macro outlook is positive Source: TOTAL on TradingView Despite the deep correction earlier in October and the losses of the past 36 hours, the… The post Extreme fear grips crypto today: $281 mln Bitcoin liquidates in 24 hours appeared on BitcoinEthereumNews.com. Key Takeaways What is the crypto sentiment like now? It has been fearful over the past two weeks, and the recent volatility pushed sentiment into the “Extreme Fear” zone once again. What’s next for Bitcoin and the crypto market? The rest of the week will likely see another bout of volatility, but the macro outlook showed potential for a Bitcoin recovery. The crypto market sentiment shifted to “Extreme Fear” once again on Wednesday, the 22nd of October. The Crypto Fear and Greed Index has been hovering between Fear and Extreme Fear values since the market crash on the 10th of October. Over the past 24 hours, Bitcoin [BTC] experienced increased volatility. It rallied 5% from $108k to $113.4k, before falling back to $108k within 8 hours. This volatility has affected the wider market. CoinGecko data showed that the various altcoin sectors were all down 2% -5% over the past 24 hours. In a nutshell, this was crypto today. The decentralized exchange (DEX) sector was among the worst performers. Aster [ASTER] and Pump.fun [PUMP] down 10.2% and 4.7% in 24 hours, while Hyperliquid [HYPE] was down 1.9%. Source: Axel Adler Jr on X The quick increase in volatility caught many traders offside in the derivatives market. CoinGlass data showed that the past 24 hours saw $281 million worth of positions liquidated. It was quite evenly split among long and short positions. Long positions liquidations were worth $128.95 million, while shorts worth $152.21 million were liquidated. Analyst Axel Adler Jr pointed out that the liquidation index rose above 3 sigma. This implied high volatility and was not an everyday occurrence in the market. Bearish on crypto today, but macro outlook is positive Source: TOTAL on TradingView Despite the deep correction earlier in October and the losses of the past 36 hours, the…