🔥Market cooling down, altcoins face "collective slashing"!
📉After last week's macro positive-driven rebound, mainstream altcoins like Dogecoin, SOL, ADA have generally fallen over 5% within 24 hours. Investors chose to take profits, and the market is now in short-term consolidation.
📊 Bitcoin also faced strong pressure, peaking at $104,000 before retreating, and ETH similarly encountered resistance at the $2,700 mark, showing signs of short-term correction.
📌However, it's worth noting that large whales haven’t sold off; instead, they increased their holdings by 83,000 BTC! Santiment data shows that medium to large addresses continue to accumulate, while retail investors have chosen to stay on the sidelines, possibly scared off by the "top".
📈A new round of catalysts may come from Coinbase being included in the S&P 500, expected to attract over $9 billion in passive funds, potentially reigniting institutional bullish expectations🔥
📉In the short term, the sentiment indicator has slightly retreated from "greed" levels, indicating the market is somewhat overheated, and the technical correction after a rapid rise may continue. However, the mid-term direction remains unchanged—the bull market logic is still intact!
📢Altcoins are highly volatile, caution is needed in the short term, and focusing on mainstream capital movements is key; the choices of whales often determine the ultimate trend!
