Bitcoin and Ethereum dominated the high-volume fading trend across 522 USDT perpetual contracts on Binance. BTC slipped 7.9% in the last 24 hours, finishing near $62,835, well off its $68,375 recent high. The BTC 1-hour chart shows a consolidation phase near the $63,000 area, with volume on the last closed candle rising 21% vs. the prior day, suggesting active trading on downside moves. Ethereum slid 10%, settling around $1,735 after hitting $1,932 during the day. ETH's 1-hour volume was slightly lower than the previous day with price hovering near recent lows. Other notable volume leaders include SOL (-10.7%), ZEC (-8.1%), and XRP (-8.9%), all reflecting weakness. For traders, BTC near $62,500-$63,000 and ETH above $1,700 remain critical short-term support levels to monitor amid ongoing high volume sell-offs.

Sources: https://www.binance.com/en/futures/BTCUSDT
https://www.binance.com/en/futures/ETHUSDT