The BlockDAG Legacy sale has officially launched amidst a notable increase in whale activity within the cryptocurrency market. This week, the total market capitalization of cryptocurrencies has decreased by 10%, now standing at $2.2 trillion, influenced by significant ETF outflows and substantial Bitcoin sales. Additionally, persistent inflation data exceeding 3.8% has contributed to a heightened sense of caution among investors, as reflected by the Fear and Greed Index, which has dropped to 11, indicating Extreme Fear. Furthermore, over $1.7 billion in leveraged long positions have been liquidated, underscoring the current volatility in the market.
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