🚨 MARKET CATASTROPHE!
Panic has unleashed an unprecedented liquidation route in the crypto market. Bitcoin (BTC) not only fell but collapsed to a critical low of $106,200.0 in the last 24 hours, with the current price at $107,576.1 and a loss of -3.19%. But the bloodbath extends:
Ethereum (ETH), the giant of altcoins, has been massacred, falling a brutal -4.43% to $3,766.89, with a 24h low of $3,677.70. The platform that powers thousands of projects is now struggling to maintain trust.
Solana (SOL), the "Ethereum killer", has not been able to escape the apocalypse, suffering an even sharper decline of -6.42%, bringing its price to $183.21 and a low of $178.50. Its 24h volume in USDT of 6.87B reflects the massive sell-off.
The trigger was global uncertainty. The ambiguous Trump-Xi meeting, described as "incredible" but lacking firm details, has been the pretext for a massive profit-taking, exacerbated by the extreme caution of the Federal Reserve (Fed). The lack of geopolitical and macroeconomic clarity is pure poison for risk assets.
📉 There is No Shelter! The Altcoin Slaughter Reveals the Depth of Fear
This downward movement has turned into a global stampede. The brutal drop of ETH and SOL by more than 4% and 6% respectively, is irrefutable proof that when the leader falls, there is no refuge for the "substitutes". Technical indicators for all cryptos show a clear downward trend, with the MACD sinking and the RSIs entering oversold territories.
My Extra Opinion: The breach of $110,000 for BTC was just the beginning. Now, with ETH and SOL in free fall, the narrative of an "unstoppable bull market" is in ruins. My warning is clear: volatility is extreme, and selling pressure is overwhelming. The next bearish target could be significantly lower, opening the door to an even deeper correction or even a prolonged "crypto winter". Traders must prepare for more turbulence! Maximum caution.
