The blockchain industry has experienced its worst crash ever, with numerous altcoins plummeting nearly 90% in a short period of time and over 1.62 million people experiencing margin calls. For many in the cryptocurrency world, this is a costly lesson: survival is paramount; survival opens up new opportunities!
BTC has only fallen 7%, ETH 12%, and SOL 14%. Mainstream cryptocurrencies remain resilient. Current funding rates on major CEX and DEX exchanges indicate a bearish market outlook. The bright side is that deleveraging is underway.
Today's updated Crypto Fear & Greed Index plummeted from 64 to 27. This dramatic shift from greed to fear in a single day fully reflects the market's panic!
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