Crypto Fear and Greed Index hits 62 after $1.44B in shorts are wiped out

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The Crypto Fear and Greed Index jumped 16 points to reach 62 on August 20, moving from fear to greed territory. This sharp move followed Bitcoin’s rally beyond $72,000, with the price peaking at $72,868. Traders who had bet on falling prices suffered approximately $1.44 billion in liquidations over 24 hours, including $861 million on Bitcoin and $424 million on Ethereum. The index stood at 46 the previous day, at 29 a week earlier, and at 25 one month ago when the market was in « Extreme Fear ».

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Telemac
Telemachttp://cryptoinfo.ch
Passionné de nouvelles technologies, j’explore l’univers de la blockchain et des cryptomonnaies pour partager l’actualité et les innovations du secteur.

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