Bitcoin Traders Lost ₱29.5 billion ($508 million) as Fear Index Hits 5
A panic-driven liquidation cascade stripped leveraged traders from the market in 24 hours. The Crypto Fear and Greed Index dropped to 5 out of 100, a level reached only three times since 2018.
Key Takeaway
Fear Index at 5 and ₱29.03 billion ($500 million) daily losses signal capitulation that historically marks accumulation zones.
Bitcoin wiped out 144,839 traders with ₱29.5 billion ($508 million) in total liquidations over 24 hours.
Ninety-two percent of those liquidations came from long bets, according to CoinGlass data. Bitcoin climbed to roughly $68,600 on Saturday before a wave of exits pushed the price into the mid-$64,000s. The Crypto Fear and Greed Index from Alternative.me dropped to 5 out of 100, a panic level reached only three times since 2018.
Glassnode reported the seven-day moving average for net realized losses hit ₱29.03 billion ($500 million) per day. That selling at scale can mark an end to a sharp phase of decline, because it reduces the number of people left to sell when prices fall further. Bitcoin now trades 5.5% below its 2021 peak near $69,000 and 48% below October 2025's high of $109,000.
Analyst Michaël van de Poppe shared a chart showing Bitcoin's Sharpe Ratio at -38.4, noting historically extreme negative readings have marked low-risk accumulation zones. The Sharpe Ratio measures risk-adjusted returns, and deeply negative readings often appear at market bottoms when volatility spikes faster than price declines. The current level mirrors the panic that drove Bitcoin to about $60,000 in early February 2026.
This article was written based on reporting from NewsBTC.
