Bitcoin Whale Loses $61 Million in HTX Liquidation as Crypto Fear & Greed Index Hits 'Extreme Fear'

A major Bitcoin (BTC) holder, commonly referred to as a 'whale,' has been liquidated on the HTX exchange, resulting in a staggering loss of approximately $61 million. This significant liquidation event coincides with a sharp decline in overall market sentiment, with the widely monitored Crypto Fear & Greed Index plummeting back into the 'Extreme Fear' zone. The liquidation occurred as Bitcoin's price experienced heightened volatility, triggering the whale's leveraged position. Analysts highlight that such large-scale liquidations often exacerbate market downturns by creating additional selling pressure. This event underscores the extreme risks associated with leveraged trading in cryptocurrencies, especially during periods of negative sentiment and high price fluctuations. Market participants are now closely watching key support levels for Bitcoin, as the 'Extreme Fear' reading has historically sometimes preceded potential market rebounds, though current conditions remain tense.