#数字资产市场动态 The crypto world exploded today. Rumors of tariffs from the US have caused global investors to start selling risk assets, and cryptocurrencies are no exception, taking the brunt of the sell-off.
Looking at the performance of specific coins, the situation is quite grim. Bitcoin has been falling from yesterday's high, currently at $92,531, down 3.6%, and it even briefly broke below the critical support level of $92,000—this is a dangerous signal for short-term traders. Ethereum was not spared either, dropping 4.9% to $3,208. The most painful is Solana, which fell 8.6%, making it the worst performer among mainstream assets.
On a more intuitive digital level: CoinGecko data shows that in the past 24 hours, the total market capitalization of the global crypto market evaporated by $100 billion, and the long positions in the futures market were liquidated to the tune of $790 million. Such concentrated selling pressure is rare in the short term.
Interestingly, this wave is not unique to cryptocurrencies. During the same period, international gold prices surged to a historic high of $4,676 per ounce, indicating that the entire market is moving towards safe-haven assets, shifting from high-risk assets to traditional safe havens like gold. BTC Markets analyst Rachael Lucas believes that if the $92,000 barrier cannot be held, Bitcoin may head straight for the $90,000 mark. However, the subsequent movements of institutional funds will be the real determinant of where the market bottom is.
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GoldDiggerDuck
· 13h ago
If we can't hold 92,000, and the institutions run away, we're doomed.
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NFT_Therapy
· 13h ago
Here we go again, as soon as the tariffs are announced, the entire market plunges. SOL drops 8.6%, truly remarkable.
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CrossChainMessenger
· 13h ago
It's the tariffs again, this time it's really harsh.
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92,000 can't hold, what should I do, my little coins, boohoo.
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SOL dropped the most, it’s painful.
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Fortunately, I sold some yesterday, or I would have taken a huge loss.
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Gold rises while crypto falls, this shift is very obvious.
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Let's wait and see how the institutions operate; they are the real decision-makers.
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Trillions evaporated... this speed is incredible.
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Will retail investors be harvested again?
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It should have fallen long ago; a rapid rise is abnormal.
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Liquidation of 790 million, these leverage brothers are in trouble.
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I've decided to buy again at the bottom.
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GateUser-cff9c776
· 13h ago
It's another classic "Schrödinger's Bull Market," where the supply and demand curve reverses, and all high-risk assets become hot potatoes.
Look at the performance of this floor price, perfectly illustrating the philosophy of a bear market—when the invisible hand of policy waves, so-called consensus collapses.
Even Buffett would have to say, this is why he only buys gold and avoids coins.
Once the 92,000 defense line is broken, we can see clearly who truly believes and who is just gambling.
$100 billion evaporated, sounds terrifying, but upon reflection, this is actually the moment when DAO governance mechanisms should come into play.
A short-term liquidation of $790 million—only when you lose do you understand what risk management really means.
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LiquidationKing
· 13h ago
Whether the $92,000 breaks or not depends on how institutions handle the buy-in. We'll just wait and watch the show.
#数字资产市场动态 The crypto world exploded today. Rumors of tariffs from the US have caused global investors to start selling risk assets, and cryptocurrencies are no exception, taking the brunt of the sell-off.
Looking at the performance of specific coins, the situation is quite grim. Bitcoin has been falling from yesterday's high, currently at $92,531, down 3.6%, and it even briefly broke below the critical support level of $92,000—this is a dangerous signal for short-term traders. Ethereum was not spared either, dropping 4.9% to $3,208. The most painful is Solana, which fell 8.6%, making it the worst performer among mainstream assets.
On a more intuitive digital level: CoinGecko data shows that in the past 24 hours, the total market capitalization of the global crypto market evaporated by $100 billion, and the long positions in the futures market were liquidated to the tune of $790 million. Such concentrated selling pressure is rare in the short term.
Interestingly, this wave is not unique to cryptocurrencies. During the same period, international gold prices surged to a historic high of $4,676 per ounce, indicating that the entire market is moving towards safe-haven assets, shifting from high-risk assets to traditional safe havens like gold. BTC Markets analyst Rachael Lucas believes that if the $92,000 barrier cannot be held, Bitcoin may head straight for the $90,000 mark. However, the subsequent movements of institutional funds will be the real determinant of where the market bottom is.