Crypto Market Downturn: Institutional Inflows Fueling Resilience

The cryptocurrency market grapples with continued downtrend, marked by surging liquidations and a shift in trader sentiment. Despite the recent pullback, Bitcoin and Ethereum have shown notable resilience, fueled by positive institutional inflows into ETFs. The Fear and Greed Index now sits at 51, signifying a neutral market tone. Traders are displaying risk-off behavior, evidenced by negative funding rates on perpetual futures contracts, indicating a potential trend shift in the short term.