Bitcoin prices dropped nearly 4% in the last 24 hours, moving from $72,500 to just above $69,000, causing the overall crypto market cap to decrease by 5.5%.

The Fear and Greed Index reflected 'extreme greed' levels on Thursday, suggesting a potential market top. By Friday, the index showed 'greed,' indicating possible further price corrections.

Nearly 90% of futures positions were bullish, signaling market sentiment prior to a sharp decline. The price retraction and sentiment shifts have led to liquidations surpassing $250 million among bullish positions.

Additional Details

• Bitcoin's price fell from $72,500 to over $69,000, contributing to a wider market pullback.
• The widely-followed Fear and Greed Index indicated 'extreme greed,' typically predictive of market corrections.
• Liquidations occurred as BTC open interest peaked above $43 billion but fell to just over $41 billion early Friday.