Over

Tuesday’s drop from 49 to 25 is one of the sharpest since September and indicative of a quick shift toward overly bearish sentiment.

Liquidations crossed the $1.35 billion level in the past 24 hours as a market slide worsened.

Traders said the current bearish sentiment could be overblown and macroeconomic decisions were key to support market growth.

On-chain veri tracked by Nansen shows 86% of traders lost money, a total of $251 million.

Analysts are expecting overall crypto revenue at Robinhood to have soared to $345.5 million from $63.9 million in the previous quarter.

The Philadelphia Eagles won the Superbowl, but the Kansas City Chiefs were the early favorite on Polymarket.

Despite the bearish performance, analysts note a potential setup for a price bounce as bearish sentiment impacts ETH.

Bitcoin added 4% in the past 24 hours to trade around $103,000 in European morning hours, alleviating some of Monday’s losses.

Overzealous hopes for Trump’s crypto actions last week had primed the market for a pullback, but the decline could be already over, said Standard Chartered’s Geoff Kendrick.

An analysis of wallets showed 77% of TRUMP holders earned less than $100, with over 80% of TRUMP or MELANIA holders likely to be investors who held less than $1,000 worth of Solana-based assets.