Market Overview Today: A Comprehensive Look#Decline
📰 1. Collective Correction and Significant Losses
The global market lost more than $66 billion in the past 24 hours due to profit-taking and reducing leveraged positions.
⚙️ 2. Halt on the Release of Alternative Currency ETFs
The U.S. Securities and Exchange Commission (SEC) has suspended the release of ETFs for alternative currencies,
🔄 3. Liquidity Rotation Towards Bitcoin
With Bitcoin stable around $119,000, investors are shifting their profits from altcoins towards BTC, considering it the less risky asset currently.
📊 4. Signs of the Start of Altcoin Season
Despite the decline, some analysts point out that the drop in Bitcoin Dominance (market dominance ratio) is an initial sign of the beginning of altseason.#Avoid #الدخول