Market Cap Drops $13 Billion: Sign of Weakness or Waiting Phase?

The global crypto market has shown significant weakness in the past 24 hours. Total market capitalization (TOTAL) has shrunk by $13 billion, dropping to $3.25 trillion (5/6).

This decline is not a reflection of panic, but rather a signal that the market is in a consolidation phase, a situation where investors tend to be passive while waiting for a stronger directional signal.

TOTAL itself is trapped in a narrow range of $3.21 trillion–$3.31 trillion. This reflects that there is no major selling pressure, but there is also no significant buying pressure.

Trading volume tends to be thin, reinforcing the assumption that market players are currently choosing to wait.$BTC