Bitcoin fell close to $62,000 during a broad crypto-market sell-off, then traded near $64,469 at the time of writing. CoinGlass reported $1.96 billion in forced position closures affecting 313,538 traders; long positions accounted for 85.9% of the value. The Fear and Greed Index fell to 12 out of 100, in the “extreme fear” category.
CryptoQuant data showed wallets holding at least 1,000 BTC adding to their holdings during the sell-off, while wallets holding 10 to 1,000 BTC reduced theirs. Its analysts placed the nearest significant support around $63,000 and said several former support levels may now act as resistance.
