A Red Day Across the Board: 1868 of the Market's Assets Fall

What Moved

A heavy day for the market: $66.7B of capitalisation left the market as the total fell 2.3% to $2.85T.

BTC ended the day at $81,577 (-2.3%), moving with the market rather than against it; its share of total capitalisation is 57.4%. Ethereum lost 3.7% to $2,421.

Breadth was weak: 1868 assets fell against 486 that rose, and only 21.0% of the hundred largest managed a gain.

Bitway (BTW) was the day's strongest mover at +9.6%, ahead of PRL (+5.3%). At the other end, KuCoin (KCS) fell 8.5%, with LIT (-8.5%) close behind. Every tracked sector closed lower, Privacy most of all at -5.4%.

Volume and Leverage

Trading volume was ordinary at $66.0B, +13.4% against the previous day. Spot on centralised exchanges accounted for $65.1B, on-chain swaps $2.41B and derivatives $95.9B.

Liquidations were contained at $190M, most of it longs ($133M against $57.7M of shorts). Open interest across the venues we track is $63.2B.

Sentiment

The Coinmico Fear & Greed index sits at 44, in fear, up 3 points from yesterday and 37 a week ago.

Sectors

Rotation was visible at the sector level. RWA finished -1.3% while Privacy closed -5.4%, a spread of 4.0 points across the 10 sectors we track; all 10 of them fell, with the middle of the pack (Storage & Compute) at -3.4%. RWA holding up while the market fell is the kind of relative strength worth noting if the selling continues.