On the night of February 28, 2025, the price of the first cryptocurrency plummeted to $82,000, informs TradingView.
After the announcement of US President Donald Trump on the introduction of tariffs for Canada, Mexico and the EU, the cryptocurrency market has seen increased volatility. As a result, the total volume of liquidation of futures positions in 24 hours exceeded $779 million.
The positions of 187,815 traders were liquidated during the day. Most of the losses fell on long positions — more than $600 million, while short positions lost about $173 million. Bitcoin and Ethereum were the main assets that were liquidated: in pairs with them, positions in the amount of approximately $469 million and $127 million were liquidated, respectively.
Bitcoin’s market dominance continued to gradually decline, dropping to 60.2% at some points. Meanwhile, the Fear and Greed Index fell to 10 points, indicating “extreme fear” among traders, a level last recorded in June 2022.
We will remind that February 26 in Matrixport predicted possible fall of bitcoin to the nearest support level of $73,000.
