The price of gold is up nearly 11% so far in 2025 and 43% over the past 12 months.
The move higher was in line with a CoinDesk analysis on Tuesday, as a five-month low in a sentiment index and a large-scale liquidation event indicated assets were likely oversold and could see relief in the short term.
Tuesday’s drop from 49 to 25 is one of the sharpest since September and indicative of a quick shift toward overly bearish sentiment.
Liquidations crossed the $1.35 billion level in the past 24 hours as a market slide worsened.
Traders said the current bearish sentiment could be overblown and macroeconomic decisions were key to support market growth.
On-chain veri tracked by Nansen shows 86% of traders lost money, a total of $251 million.
Analysts are expecting overall crypto revenue at Robinhood to have soared to $345.5 million from $63.9 million in the previous quarter.
The Philadelphia Eagles won the Superbowl, but the Kansas City Chiefs were the early favorite on Polymarket.
Despite the bearish performance, analysts note a potential setup for a price bounce as bearish sentiment impacts ETH.
Bitcoin added 4% in the past 24 hours to trade around $103,000 in European morning hours, alleviating some of Monday’s losses.