I got this too, but suddenly its back to green. Looks like most definitely a glitch.
How much time between the glitch and it returning back to normal. It’s still in the red for me
About 12hrs or more
But now theyre gone again so… yeah
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no, it’s still going on
Over the last 2 days one account of mine dropped from 215k to 145k lol.
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Yeah I know, I was aware of the amount of fake followers as I bought the account a few months ago. Actually kind of happy with the drop as my ER was horrible, but still my vanity metrics for my entire network took a hit.
that client I mentioned before lost another 1k overnight
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Ouch! IG is so annoying atm. On my personal acct I lost 400+ on Thursday and 240 yesterday. How long will this go on for!! 
Mine also dropped 3K yet again over night. No worries mate. Can only be fake followers or IG shutting down none active profiles perhaps, as these fill up unnecessarily space on their servers.
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personally dont care, its for the better, but handling a lot of clients sadly involves this.
those clients dont want to listen and are only focused on the followers count (sad)
one of mine lost 10k in 24hrs !
Bro i feel you. But at the end of the story, you know and I know, they got no where to go. So if they believe switching provider can prevent fake profiles to drop, the door is open. You don’t wanna do ignorant costumers anyways
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Welcome to the club mate 
sucks… But I am almost postive it’s fake/ghostfollowers dropping.
Haha Thank you for your warm welcome, its actually good but clients doesnt undertstand it all they want to see is green numbers
Exactly and that is funny though. But as @andrejo says. To most clients it all about em numbers of followers.
But bro seriously IG is KILLIIIIING it In a bad way ofcourse
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Anything instagram does good come in bad way
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Maybe they removed the fake ones 