Bitcoin, Ethereum, XRP, Dogecoin Drop Over 3% As Fear Abounds On Tuesday

Bitcoin is hovering around $108,000 on Tuesday morning amid negative ETF flows and total crypto liquidations hitting $319.85 million, impacting 122,336 traders.

The Fear & Greed Index has remained in the fear zone at 33 for a week.

Spot BTC ETFs saw $40.5 million in net outflows, while ETH ETFs recorded $145.7 million in outflows on Monday.

Trader Commentary

Scott Melker notes that Bitcoin’s previous bullish divergences are now invalid and replaced by a hidden bearish divergence. After a short bounce, the market is in a wait-and-see phase for clearer direction.