The crypto fear index has fallen to a one-month low.
The indicator, which reflects the mood of market participants, is at its minimum since mid-May, namely, it has rolled back to 64 and is in the “greed” zone.
According to CoinGlass, positions worth $391 million were liquidated on the futures market in one day.
A significant outflow of capital from crypto funds ($600 million) contributed to the market decline.
According to Split Capital, the release of a large volume of small tokens provokes a chain reaction: while some earn money, others begin to sell coins in panic.