I have warned you long ago! To be honest, being limited in flow is an unspoken rule. My uncle told me a long time ago.

The cryptocurrency market has quietly entered a major crash cycle, with market data revealing a severe situation.

Recently, the cryptocurrency market has experienced a sharp decline, with the prices of several major cryptocurrencies plummeting significantly, triggering widespread attention and discussion in the market. Whether this decline marks the beginning of a major crash cycle in the crypto world has become the focus of investors' attention.

Data shows that Bitcoin, as the leader of the cryptocurrency market, has seen a rapid price decline in a short period of time. On a certain trading platform, the price of Bitcoin quickly dropped from a recent high, once falling below a key support level. Specifically, Bitcoin's maximum drop in a short time exceeded 6%, even briefly touching a lower price level. This decline not only caught investors off guard but also triggered panic in the market.

In addition to Bitcoin, other major cryptocurrencies such as Ethereum and Dogecoin have also not been spared. Ethereum's price has also seen a significant drop, with its decline even exceeding that of Bitcoin. Dogecoin has become the 'leading drop pioneer' in this storm of decline, with its drop once exceeding 9%. The entire cryptocurrency market is in disarray, and investors are suffering heavy losses.

According to on-chain data, during the price decline of cryptocurrencies, there have been numerous liquidation situations in the market. In the past 24 hours, over hundreds of thousands of people have faced liquidation in the cryptocurrency market, with the total liquidation amount reaching hundreds of millions of dollars. This data not only reveals the severe situation of the market but also reflects the panic and helplessness of investors in the face of the decline.

From a technical perspective, the decline of cryptocurrencies such as Bitcoin was not without warning. Before the decline, the market had already shown some unfavorable signals, such as a decrease in trading volume and weakening technical indicators. However, despite these signals indicating market risks, many investors still chose to hold or buy, ultimately leading to huge losses.

Analysts point out that the reasons for this wave of decline may involve multiple aspects. On one hand, the uncertainty of the global economic situation and the tense geopolitical situation have had a negative impact on the cryptocurrency market.