So I just noticed, the crypto market is feeling pretty heavy right now. It seems it's not just an internal crypto issue, but more contamination from the global stock market which is panicking over AI. Investors are starting to pull funds from high-risk assets, including crypto.



Just look at the latest data: BTC is around 77K, up slightly 0.22% this week, but still stuck in the battle zone between 60K-70K. Meanwhile, altcoins are worse—ETH down 4.41%, SOL -3.13%, XRP -3.23% over the week. Selling pressure on altcoins has reached the highest level since 2021 according to CryptoQuant.

Technical analysts are monitoring a bearish pennant pattern on Bitcoin's chart. If BTC breaks below 65K, the downward impact could continue even further. The 60K zone is now the main battleground between long-term accumulators and those cutting losses. The market is basically waiting for a catalyst to break out of this area. Sentiment remains risk-off until macro conditions stabilize a bit.
BTC-0,1%
ETH0,39%
SOL1,01%
XRP0,06%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin