The long positions got wiped out pretty badly, with 715 million dollars vanishing into thin air, but the Fear and Greed Index is still hesitating, indicating that true panic hasn't arrived yet?

Crypto界网报道，European session BTC drops 3.5% to approximately $73,200, possibly falling below $70,000; ETH drops below $2,000, down 4.8% in 24 hours. The bearish trend has continued since mid-May, mainly due to ETF fund outflows, with BTC-related ETFs net outflows of about $733 million yesterday, Blackstone IBIT ETF over $500 million. The total market capitalization decreased by 3% from the previous day to $2.54 trillion, and if it falls below $2.5 trillion, it will accelerate to $20 trillion. BTC liquidations exceed $744 million, of which $715 million come from longs, indicating market caution about the downward trend. The Fear & Greed Index shows market hesitation, with BTC approaching $70,000.