#ENA market showed continued weakness as major coins struggled to hold gains from earlier in the day. Bitcoin dipped below key resistance levels and trading volumes remained soft, reflecting broader market uncertainty.

Liquidations in crypto derivatives spiked, with over $540 million wiped out and more than 153,000 traders affected, mostly on long positions that bet on prices rising.

Analysts also noted bearish sentiment as Bitcoin and Ethereum led declines, while some altcoins showed mixed performance. Despite this, some institutional interest persists, with steady flows into certain crypto ETFs.

Investors are watching for policy and regulatory developments that could influence market direction in the coming days.