The weekend crypto market experienced a wave of correction, with geopolitical risks becoming the main driving force. Bitcoin fell below the $95,000 level, trading at $92,580, down more than 2.5%. Ethereum performed even worse, dropping from around $3,400 to $3,211, nearly a 2.8% decline in a single day. Ripple and Dogecoin also couldn't escape, both entering correction mode.

In terms of market size, the total global cryptocurrency market cap shrank by approximately 1.26%, falling to $3.23 trillion. This correction also triggered a number of liquidations—over $780 million in positions were liquidated, with longs making up the majority, totaling $750 million. Traditional financial markets also declined simultaneously, with Dow futures down 341 points, and the S&P 500 and Nasdaq 100 falling 0.80% and 1.01%, respectively.

However, analyst Ali Martinez offered an interesting perspective. He believes that if Ethereum can hold the $3,085 support level and break through the $3,400 resistance, it has the technical potential to surge toward $4,000. In other words, the current correction might just be short-term volatility, and whether it can recover depends on future momentum. This view has sparked quite a bit of discussion in the market—after all, cryptocurrency volatility is already high, and the addition of geopolitical factors makes chain reactions more likely.