Crypto Fear Gauge Ticks Up to 32 After $1.19B Liquidation Wipeout

The crypto sentiment gauge climbed early on Nov. 10, landing at 32. Its previous reading was 29, and the dial stayed stuck in “Fear” — the classification didn't budge. The figure was checked at about 3:47 a.m. ET (08:47 UTC), hours ahead of the U.S. October consumer price index print.

That caution follows a rough Nov. 9. A market snapshot put 24-hour liquidations at $1.187 billion, with longs absorbing $1.042 billion of the damage and shorts taking $145 million. Liquidations are forced closures that hit leveraged traders who run out of margin — and this time the bulls were the ones getting flushed.

An earlier snapshot from the same day had already shown more than $1.15 billion in 24-hour liquidations, including $1.04 billion in long positions. The two totals are rolling snapshots pulled at different moments, not separate wipeouts.

Next up: the October CPI report, scheduled for 8:30 a.m. ET (13:30 UTC) on Nov. 10, with the sentiment gauge still parked in Fear ahead of the release.