In the last 24 hours, Ethereum, XRP, Solana, and Cardano have lost between 4–12%, reflecting strong selling pressure after a previous growth phase. This correction mainly stems from:
• Short-term profit-taking by investors after the recent recovery.
• Decreased market liquidity, causing price volatility to become stronger.
• Cautious sentiment as macro factors (interest rates, capital inflows into crypto) remain unclear.
The Fear & Greed Index stands at 47 (Neutral), indicating that the market has not fallen into a state of panic, but there is also not enough confidence for new capital to flow in strongly.
In the last 24 hours, over 407,000 traders were liquidated, totaling a value of 1.7 billion USD, of which 1.61 billion USD came from long positions. The largest liquidation occurred on OKX (BTC-USDT swap), worth 12.74 million USD. As long positions were forced to sell, the sudden increase in supply created a domino effect, driving prices down sharply and causing panic among retail investors.
Short-term outlook: After the crash, the market may technically recover as selling pressure eases. However, the risk of further declines still exists if sentiment remains unstable and high leverage has not been fully released.@Plume - RWA Chain @Binance Square Official
