As per Coindesk, crypto market sentiment remains unsettled following Bitcoin's BTC$107,971.69 reversal from an early Tuesday spike to $114,000, with most altcoins mirroring the price action. The CoinDesk 20 Index showed little change over 24 hours, while $600 million in crypto futures bets were liquidated, marking a three-sigma event. Bitcoin's open interest ratio in options to futures reached a high since late 2023, signaling potential for increased price swings. The Crypto Fear & Greed index dropped to 25, indicating heightened market fear.
Crypto Market Volatility Rises as Fear Index Hits 3-Month High
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