BEARISH 📉 : Bitcoin Faces Heavy Liquidations and Historic Fear Levels

Bitcoin's recent volatility has led to significant market movements, with notable liquidations and fear levels:

Over 144,839 traders were liquidated in 24 hours, totaling over $508 million, primarily from long positions.
The Crypto Fear and Greed Index fell to 5 out of 100, indicating high panic levels.

Recent investors are experiencing substantial losses, with net realized losses averaging nearly $500 million per day, suggesting potential capitulation.

Bitcoin's price fluctuated, reaching around $68,600 before dropping to the mid-$64,000s. It currently sits about 48% below its October peak of $126,000.

External factors like US-Iran tensions and risk-off trading have contributed to the price retreat.

Bitcoin's Sharpe Ratio hit -38.4, a rare low, which historically suggests "Low Risk" accumulation zones where buying risk is perceived as lower.

While more support tests may occur amid ongoing uncertainty, heavy liquidations and deep fear readings could indicate a bottom forming.