Bitcoin’s rebound stalled and it fell below $75,000, with two-week momentum turning negative. Some altcoins bucked the trend, however, highlighting a clear divergence in the market.
Drivers
• TON plunged 41.88% in a single day, leading the declines
• STABLE rose 9.69%, AVAX gained 9.15%, and ETHFI climbed 8.10%, bucking the trend
• Whale inflows to exchanges surged, and analysts warned that leveraged trading had reached its limits
What to watch
• Whether Bitcoin can hold the $75,000 level
• Whether whale inflows to exchanges continue to intensify selling pressure
• Whether altcoins rising against the trend can sustain their strength
Risks
• A chain reaction of deleveraging after leveraged trading peaks
• MARA swung to a profit on paper gains as revenue plunged 35%, diverging from the price of crypto
• A fintech stock sell-off is spreading to crypto-related names such as Coinbase
Drivers
• TON plunged 41.88% in a single day, leading the declines
• STABLE rose 9.69%, AVAX gained 9.15%, and ETHFI climbed 8.10%, bucking the trend
• Whale inflows to exchanges surged, and analysts warned that leveraged trading had reached its limits
What to watch
• Whether Bitcoin can hold the $75,000 level
• Whether whale inflows to exchanges continue to intensify selling pressure
• Whether altcoins rising against the trend can sustain their strength
Risks
• A chain reaction of deleveraging after leveraged trading peaks
• MARA swung to a profit on paper gains as revenue plunged 35%, diverging from the price of crypto
• A fintech stock sell-off is spreading to crypto-related names such as Coinbase