📌 General Situation of the Crypto Market Today
📉 Short-Term Trend
🔹 Bitcoin and Ethereum are showing a decline in the last 24 hours, reflecting selling pressure and correction in the market. Market data shows significant drops in most of the major assets in the sector.
🔹 Important altcoins like BNB, XRP, SOL, and ADA are also recording declines in value, indicating a broader retraction movement in the crypto market.
📊 BTC's dominance in the market remains above 50%, maintaining its relevance and weight in the total value of crypto assets.
🧠 Current Sentiment and Dynamics
🎢 Volatility still high
The sector remains quite volatile in the short term, with drops and small bounces in response to economic events and traders' positioning.
💡 Liquidity and trading
Some markets show limited trading and reduced liquidity volumes, which can intensify sharp price movements.
📊 Derivative Strategy
There have been recent reports of long position liquidations, meaning that many leveraged traders were forced to exit their long positions, pushing the price down.
📈 Medium and Long-Term Narratives
Even with the short-term decline, strategic accumulation movements are happening behind the scenes: large wallets are buying BTC and ETH over time, reducing the available net supply, even without large visible price movements in the market.
🧠 Accumulation Example
On-chain data shows that large investors are accumulating both Bitcoin and Ethereum over the past few months — a signal that many see as preparatory for potential future movements.
🧩 In Summary — How is the Market Today
📍 Short-term trend: Decline and correction in Bitcoin, Ethereum, and major altcoins.
📍 Liquidity: Reduced in some trades, which may amplify price movements.