The crypto market is under pressure today, and prices are sliding with the total market capitalization falling to $3.75 trillion. The liquidations have erased billions from crypto valuations, and the market has entered the fear zone as investors brace for what might come next. At press time, the trading volume is up 35.7% to $232.66 billion. The fear and greed index has dropped from the neutral zone to the fear zone at an index of 32. Meanwhile, 225,830 traders were liquidated in the past day, and the total liquidations come in at $969.42 million, per CoinGlass data.