Breaking News! Late-night market crash, over 150,000 people liquidated! The truth behind the plunge of Bitcoin and Ethereum revealed!

Over the weekend, the cryptocurrency market experienced severe fluctuations, with Bitcoin briefly hitting $105,000, but quickly plunging to $103,000, finally hovering below $104,000. Ethereum, Dogecoin, and several other major cryptocurrencies also saw significant declines, particularly Ethereum, which fell below $2,500 and continued to drop.

Data shows that over 150,000 people were liquidated in the past 24 hours, and the market's extreme volatility caught investors off guard. This drop is considered a normal correction after a surge.

Meanwhile, the global macroeconomic and political situation is also changing, with India and Pakistan announcing a ceasefire, and Russia and Ukraine possibly resuming negotiations, which may affect market sentiment.

Does the market's volatility indicate that the altcoin season is approaching? Time will reveal the answer.