The market is showing continued weakness with a deeper short-term correction, especially in altcoins. The Fear and Greed Index is at 60, still in the greed zone, but slightly declining. This means overall sentiment is still positive, but confidence is slowly decreasing as selling pressure increases. Since this index is based on volatility, volume, momentum and sentiment, a drop at this level usually indicates cooling after overbought conditions.
$BTC dominance remains high at 60.61% and is still increasing, which clearly shows that Bitcoin is maintaining strong control. In such situations, capital typically shifts away from altcoins into Bitcoin, causing altcoins to drop more sharply.
The total market cap and altcoin market cap are both down, confirming ongoing selling pressure. The larger drop in altcoin market cap highlights that altcoins are facing heavier losses compared to Bitcoin.
Looking at the coins, Bitcoin is slightly down but still holding relatively strong near 78K. Ethereum and all major altcoins like $SOL , XRP, $BNB and DOGE are clearly in red, showing a broad market decline. TON is also down, confirming that even stronger performers are now under pressure.
Overall, the market is in a clear short-term caorrection phase within a broader bullish trend. Bitcoin is holding stability, but altcoins are under strong pressure. Until BTC dominance stabilizes or drops, altcoins are likely to continue struggling.