Just now, the cryptocurrency market has encountered a sudden wave of sell-offs, with all currencies collectively 'plummeting', and panic sentiment spreading rapidly.
According to HTX's real-time data, Bitcoin has sharply declined in a short time, first breaking the critical support level of $114,000, and then accelerating to lose the $112,000 mark, with a 24-hour decline expanding to 3%; Ethereum has weakened in sync, briefly dropping below $4,100, reaching a low just below a sensitive psychological level; even the recently strong-performing SOL has not been spared, breaking below the $230 support level, with the three major mainstream currencies all 'bleeding'.
This sharp decline is not merely a technical correction; multiple factors in the news are intertwined: on one hand, analysts point out that expectations for Federal Reserve interest rates have suddenly changed, large institutions are taking profits, and the weak liquidity in the Asian early market has exacerbated the selling pressure; on the other hand, unverified rumors of a certain whale on-chain making continuous large transfers have further triggered panic selling in the market.
The current market shows significant pressure on the bulls: if Bitcoin cannot quickly recover $115,000, the mid-term trend may turn bearish; Ethereum must focus on holding the $4,000 integer level, and if it falls below, market sentiment may further deteriorate.
However, opportunities are hidden within the crisis. Historical data shows that sudden pullbacks in a bull market are not uncommon; sharp declines often present a window for institutions to buy at lower prices. For ordinary investors, it is crucial to remain calm and closely monitor whether Bitcoin and Ethereum can release rebound signals at key positions; if considering bottom-fishing, it is essential to set stop-losses in advance, strictly control positions, and avoid blindly following the trend.$BTC $ETH
