The crypto market has today experienced a wide slowdown today, the total market capitalization of the industry amounts to 3.33 billions of dollars. The commercial volume has also decreased considerably by 16.50%, now to $ 93 billion, reporting a cautious attitude of investors. Bitcoin remains the dominant force with a market share of 64.6%, followed remotely by Ethereum at 9.1%.
A combination of macro-events and sudden whale activity has injected new volatility into digital active space. The Fear & Greed index is based on a neutral 51, reflecting the indecision among market players.
An important development throwing a shadow on today’s action is the expiration of the cryptography options of $ 3.6 billion. This total, Bitcoin represents $ 2.98 billion and $ 610 million in Ethereum. The course of these contracts has led to volatility and uncertain short -term measures, as traders re -evaluate the risk in the midst of high open interest.
The activity of whales and the expiration options of the open investors?
The Bitcoin price dropped 0.68% in the last 24 hours, currently oscillating about $ 108,294.97. Although the DIP may seem modest, the deep cause is to increase alarm ringtones. As a sleeping wallet containing 80,009 BTC, which has been inactive for over 14 years, suddenly moved around $ 8.7 billion in chips.
Such an activity generally highlights safety problems and fears of large -scale discharge, which often causes a wave of defensive sales. This movement coincided with the expiration event of the massive options today, intensifying more the downward pressure.
Also read our Bitcoin price prediction (BTC) 2025, 2026-2030!
Ethereum is not immune either. The second largest crypto decreased by 1.2%, now negotiating $ 2,527.90. This withdrawal is largely linked to short -term profit following a high weekly performance of 4.09%. In addition, the ETH has faced a rigid resistance nearly $ 2,600, which led liquidations of long-sized long positions.
Shakeout strike liquidation market
The liquidation events have further stretched the feeling of investors. Long positions with Bitcoin lever effect took a blow in the middle of the fear of the sleeping wallet, triggering cascade liquidations. The 24 -hour overall trading volume for BTC dropped by 14.9%, now at 42.47 billion dollars.
The fall of Ethereum is a case of technical rejection. The unsuccessful attempt to exceed $ 2,600 led to the reservation of profits and the liquidation of low hands. The combined pressure of the options expires and the short -term resistance zones added fuel to the correction.
XRP, on the other hand, is down 0.25% to $ 2.22 after failing to maintain its breakthrough greater than the fork from $ 2.27 to $ 2.30. The market also seemed disappointed with Ripple’s recent announcement on the guarantee of a banking license, which has not generated a strong bullish dynamic.
The best winners today
- Bonk price: 0.0000001847 + 9.52%
- Pingou price: $ 0.01664 + 5.60%
- Price XDC: $ 0.06174 + 2.45%
The best losers today
- Tia Price: $ 1.52 -5.00%
- Uni Price: $ 7.02 -4.56%
- IMX Price: $ 0.4286 -4.16%
Faq
A mixture of whale portfolio activity, $ 3.6 billion in expiration and profit in the main assets such as BTC and ETH triggered a wide drop in the market.
The sudden movement of a 14 -year -old sleeping wallet containing 80,009 BTC aroused fears of selling pressure, leading to long liquidations with leverage and a price drop of 0.68%.
Bonk with + 9.52%, the pingou with + 5.60% and XDC with + 2.45% of gains are among the few altcoins showing resilience in the larger drop in the market.
