#CircleIPO

The crypto winter has shown its teeth again!

On the most volatile day since February, the DeFi market trembled under a wave of liquidations amounting to $979.72 million, according to data from CoinGlass. Of that figure, Ethereum, XRP, Dogecoin, and Solana took the worst hit with over $384 million liquidated in futures contracts, leaving a trail of wiped accounts and shaken traders.

Altcoins bleed under the shadow of extreme leverage. The market speaks... do you hear it?

The phenomenon, coinciding with a technical pullback in Bitcoin and signs of overheating in high-exposure altcoins, raises alarms among leveraged traders and institutional funds. While the Fear and Greed index slides toward neutral territory (58 points), data reveals a rapid increase in poorly calculated long positions, especially in pairs like ETH/USDT and SOL/USDT.

Are we witnessing a healthy purge of leverage or the prelude to a larger correction?

Will altcoins be able to recover or will we see a new cycle of Bitcoin dominance?

$XRP