BTC falls from its peak

DOGE, ADA plummet 7%

SOL, XRP, BNB drop 5%-6%

$530 million liquidated overnight, bulls suffered a massacre!

Last week's short squeeze was too intense, bullish positions piled up high, ETH surged 40% in a week, and market FOMO sentiment reached a peak.

As a result, China and the US suddenly announced a temporary ceasefire on tariffs, cooling the market risk narrative, and some institutions took the opportunity to harvest.

Liquidation data shows: $200 million liquidated in BTC, $170 million liquidated in ETH, and the entire market's leverage sentiment began to cool down.

A sharp decline is not entirely a bad thing

✅ Cleared out high leverage

✅ Market cooling down

✅ Building momentum for the next round

The June Federal Reserve meeting is the real big event; if the dovish tone is strong enough and rates ease, BTC could really have a shot at reaching a new all-time high.