“Bitcoin lost nearly 4% of its value in the past 24 hours, falling from $72,500 to just above $69,000,” CoinGlass reports. The sharp price decline led to mass liquidations, with losses on BTC futures amounting to $88 million, $44 million on Ether, and $15 million on both SOL and DOGE.

“The Fear and Greed Index showed ‘extreme greed’ on Thursday, which could signal a market top,” analysts comment. By Friday, the index dropped to a ‘greed’ level, which may indicate a possible upcoming price correction.

“Nearly 90% of all positions were bullish before the sudden drop,” experts note.