The crypto market is under considerable pressure as substantial ETF outflows totaling 1.22 billion USD contribute to the market’s bearish trend. Recent data shows a decline in on-chain liquidity by approximately 7.94 billion USD, indicating a weakening interest in buying.
With a Fear and Greed Index at 28, investor sentiment reflects growing fear and low demand. Institutional investor activity has declined markedly, reminding bullish investors of the challenges ahead as token unlocks are set to exacerbate the existing market conditions.
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