$MANA $PEPE $OP A sharp market-wide plunge! 180,000 traders liquidated—the outlook is finally clear 🔥
The crypto market has been highly volatile recently. BTC briefly fell below the $81,000 mark, hitting a low of $80,400, while ETH also pulled back to around $2,400. This sudden drop directly led to 180,000 liquidations across the market, totaling nearly $1.1 billion. Long positions were almost completely wiped out, and market panic surged.
This downturn wasn’t random; several sources of selling pressure converged. The U.S. government transferred more than 17,000 BTC over three days, and the movement of tens of billions of dollars’ worth of assets prompted investors to seek safety. Wang Chun, a major figure at F2Pool, rotated from BTC into ETH at elevated prices, and his move sparked copycat selling. Short-term retail investors also panicked and sold, pushing selling pressure to a new high for April and weighing further on the market.
The data suggests the market is currently in a classic zero-sum phase, with insufficient fresh capital and a weak foundation for gains. That’s why prices retreat quickly whenever negative news hits.
But the medium- to long-term structure remains intact! Selling pressure from whales and miners has stopped, spot demand continues to recover, and selling pressure has largely been cleared. The industry broadly views this pullback as a normal bull-market shakeout and technical correction. The overall rationale for a Q4 rise remains unchanged, and after a period of short-term volatility, the market is still worth looking forward to.#巴西交易所B3拟2027年上半年推出证券代币化平台 #XRP财库公司Evernorth完成SPAC合并 #NEAR账户支持抗量子ML-DSA签名
The crypto market has been highly volatile recently. BTC briefly fell below the $81,000 mark, hitting a low of $80,400, while ETH also pulled back to around $2,400. This sudden drop directly led to 180,000 liquidations across the market, totaling nearly $1.1 billion. Long positions were almost completely wiped out, and market panic surged.
This downturn wasn’t random; several sources of selling pressure converged. The U.S. government transferred more than 17,000 BTC over three days, and the movement of tens of billions of dollars’ worth of assets prompted investors to seek safety. Wang Chun, a major figure at F2Pool, rotated from BTC into ETH at elevated prices, and his move sparked copycat selling. Short-term retail investors also panicked and sold, pushing selling pressure to a new high for April and weighing further on the market.
The data suggests the market is currently in a classic zero-sum phase, with insufficient fresh capital and a weak foundation for gains. That’s why prices retreat quickly whenever negative news hits.
But the medium- to long-term structure remains intact! Selling pressure from whales and miners has stopped, spot demand continues to recover, and selling pressure has largely been cleared. The industry broadly views this pullback as a normal bull-market shakeout and technical correction. The overall rationale for a Q4 rise remains unchanged, and after a period of short-term volatility, the market is still worth looking forward to.#巴西交易所B3拟2027年上半年推出证券代币化平台 #XRP财库公司Evernorth完成SPAC合并 #NEAR账户支持抗量子ML-DSA签名
