Traders with leveraged long positions suffered the hardest blow, with over 360 million dollars lost. Bitcoin recorded 56 million dollars in liquidations, marking the largest single-day liquidations in BTC in over a week. However, despite the recent correction, market sentiment remains bullish. This is reflected in the fear and greed index, which reaches a value of 82, indicating "extreme greed." While this metric shows that traders are very optimistic and confident, it may also indicate an imminent correction or trend reversal. Therefore, traders should be on the lookout for signs of intense profit-taking, as this could drive new declines.