Bitcoin has declined by 1.8% to $121,702 following its recent all-time highs, resulting in the liquidation of over $511 million in long positions within 24 hours. Ethereum also saw a significant drop, falling 4.8% to $4,453. Despite the pullback, the total cryptocurrency market capitalization stands at $4.42 trillion, with the Fear & Greed Index at 60, reflecting a 'Greed' sentiment. Traders are taking profits after the rally, but the overall market outlook remains bullish.