Altcoin total sell-off reaches $266 billion, indicating funds are exiting the crypto market.
Key Data: The $266 billion sell-off marks a 5-year high, raising doubts about whether the altcoin season has come to an end.
Live Market: BTC is currently priced at $64,181, with $540,000 in active buy orders dominating in the last 5 minutes, but the funding rate of -0.000034 indicates that short-selling sentiment is still present.
Directional Judgment: Although there are signs of short-term capital inflows, the large-scale sell-off of altcoins shows that market confidence is lacking, and overall caution is still advised.
Key Data: The $266 billion sell-off marks a 5-year high, raising doubts about whether the altcoin season has come to an end.
Live Market: BTC is currently priced at $64,181, with $540,000 in active buy orders dominating in the last 5 minutes, but the funding rate of -0.000034 indicates that short-selling sentiment is still present.
Directional Judgment: Although there are signs of short-term capital inflows, the large-scale sell-off of altcoins shows that market confidence is lacking, and overall caution is still advised.