? Over the past 24 hours, the cryptocurrency market has fallen by 1.5%, with a cumulative weekly decline of 7%. The market is currently in a correction phase, facing short-term pressure. It is advisable to monitor macroeconomic data and changes in leverage levels. The main factors contributing to this decline include:
1. Liquidation of high-leverage positions and increased market volatility (recent large-scale long and short liquidations).
2. Macroeconomic uncertainties, such as Federal Reserve policy expectations, inflationary pressures, and a stronger U.S. dollar suppressing risk assets.
3. Concerns over AI-related stock valuations spilling over into the crypto market (increased correlation between crypto and tech stocks). Additionally, technical events like options expirations have amplified price fluctuations.
? Liquidation Alert:
In the past 24 hours, 151,369 traders were liquidated across the network, totaling $556 million. Long positions suffered heavily ($369 million), while short positions were also impacted ($187 million).
? Major Cryptocurrency Performance:
1. Bitcoin (BTC): Price around $87,001, up 0.58% in 24 hours.
Today, the key level to watch for Bitcoin is $86,600. As long as it holds above this level on the 4-hour chart, a rebound may begin. Upside resistance levels to watch are around $88,000, $89,450, and $90,370.
If $86,600 is broken, the current 4-hour rebound may pause. Keep an eye on support levels around $85,220, $83,830, and $82,170.
2. Ethereum (ETH): Price around $2,922, up 3.36% in 24 hours.
For Ethereum, the key level to observe is $2,870. If it holds above this level on the 4-hour chart, a rebound is likely. Upside resistance levels are around $2,964, $3,025, and $3,062.
If $2,870 is lost, the rebound may stall. Downside support levels to watch are around $2,815, $2,773, and $2,720.
3. BNB: Price around $839, up 0.77% in 24 hours.
BNB needs to stabilize above $840 today to open up rebound potential on the 4-hour chart. Upside resistance levels are around $853, $866, and $876.
If it fails to hold above $840, the rebound momentum may weaken. Downside support levels to note are around $829, $818, and $808.
4. SOL: Price around $123, up 0.31% in 24 hours.
The key level for SOL is around $122. If it holds above this level on the 4-hour chart, a rebound toward $126, $130, and $134 is possible.
If it fails to break above $122, short-term rebound momentum may weaken. Downside support levels to watch are around $117, $112, and $109.
?️ Market Sentiment:
Today, the total cryptocurrency market capitalization is approximately $3.03 trillion, with a 24-hour trading volume of about $159 billion.
Current market sentiment is at 17 (Extreme Fear). Market sentiment has turned particularly pessimistic due to technical weakness and panic selling, but oversold conditions also suggest the market may be nearing balance. Cryptocurrencies remain closely tied to traditional markets. The $23 billion Bitcoin options expiring this Friday will be a key signal for market volatility. Focus on whether the closing price can break above the 7-day moving average of $2.96 trillion, which would likely trigger a short-term rebound.
Today's Crypto Gainers and Losers?
? Top 3:
1. F: Price $0.00753, up 30% in 24 hours
2. RESOLV: Price $0.0802, up 21% in 24 hours
3. HOLO: Price $0.0685, up 16% in 24 hours
? Bottom 3:
1. GHST: Price $0.165, down 14% in 24 hours
2. DOLO: Price $0.03390, down 8% in 24 hours
3. TNSR: Price $0.0849, down 7% in 24 hours
✨ Other Major Cryptocurrency Performance:
Dogecoin (DOGE): Price $0.12570, up 0.67% in 24 hours
Tron (TRX): Price $0.2786, up 0.47% in 24 hours
Cardano (ADA): Price $0.3607, down 0.33% in 24 hours
Hyperliquid (HYPE): Price $23.593, down 2.95% in 24 hours
Avalanche (AVAX): Price $11.70, down 0.43% in 24 hours
Stellar (XLM): Price $0.2107, up 1.20% in 24 hours
Sui (SUI): Price $1.3903, down 0.54% in 24 hours
Chainlink (LINK): Price $12.23, up 0.91% in 24 hours
Hedera (HBAR): Price $0.10666, down 1.52% in 24 hours
Bitcoin Cash (BCH): Price $587.0, up 10.03% in 24 hours
Shiba Inu (SHIB): Price $0.00000726, down 2.42% in 24 hours
Litecoin (LTC): Price $75.41, up 0.40% in 24 hours
Pepe Shiba Inu (PEPE): Price $0.00000382, down 1.04% in 24 hours
Toncoin (TON): Price $1.441, down 1.91% in 24 hours









