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In the past 24 hours, the crypto market has arranged a wave of "deep washing" for the brothers, with a familiar smell of retail investors permeating the entire network. The market cap has lost hundreds of billions in a day, now swaying around 2.45 trillion. The reasons are not complicated: large funds are also hesitant in the US tech stocks, the macro situation is very confusing, plus a few whale accounts are secretly dumping, causing the entire market to enter a "survive" mode.

Bitcoin (BTC) barely hangs between 72,000 and 73,000, dipping as low as 71,800, with a daily drop of over 4 points. The miners are worse off, with mining machines buzzing and coin prices plummeting, and this weekend the mining difficulty is set to drop by 14%, truly adding insult to injury. Interestingly, the fear index has surged to its highest point since 2026 — veteran investors understand that at such times, a rebound is often not far away.

Ethereum (ETH) is even worse, dropping over 5%, unable to hold 2,200, and is about to test the support at 2,100. A few days ago, Vitalik Buterin even added a dollar, saying that many Layer 2 chains have lost their "presence" due to very low transaction fees, causing various doubts within the community. The ETF has seen some small net inflows, but this amount is currently a drop in the bucket.

Other mainstream coins are even more tragic: SOL down 8%, XRP down 7-8%, and BNB is also nearing 8%. The most exciting part is the liquidation leaderboard — over the past 24 hours, the entire network has seen liquidation of 700 million to 2.5 billion dollars (data varies across platforms), with many long positions being buried and howling. There are a few highlights, such as the $HYPE coin, which surprisingly surged over 70%, only proving that the worse the market, the more hype the meme coins seem to attract.

On a macro level, there is no good news. The US Treasury Secretary directly stated, "Don't expect banks to save Bitcoin," geopolitical tensions are rising, and market liquidity is drying up. This phase is all about "de-leveraging + waiting", focusing on whether Bitcoin can hold 71,000 to 72,000, and whether there are institutions secretly picking up cheap chips.

To summarize: the market is still in a weak oscillation, but when fear reaches its peak, a reversal is often brewing. Everyone should hold back, don't get carried away with positions, and wait for clear signals to act!
#加密市场急跌
{future}(ETHUSDT)

{future}(BTCUSDT)