🔴 Altcoins under pressure — what is happening and what to do?
Yesterday, the market reminded us once again why risk management is not an option.
BTC broke below the $70,000 level, and altcoins took the biggest hit — the DeFi and Computing token indices fell by over 4% during the Asian session. (CoinDesk)
What triggered the decline?
The breakdown of negotiations between Iran and the USA caused a new spike in oil above $100 per barrel — and capital began to exit crypto-derivatives. (CoinDesk) Risk appetite sharply declined, and stock markets also dropped.
Figures worth noting:
The total open interest in crypto futures decreased by 3.5% to $108 billion. Funding rates turned negative, and traders increased short positions. (CoinDesk)
Is there hope for recovery?
The "Altcoin Season" index holds at 48/100 — this is a neutral zone that technically allows for a bullish recovery if the market finds support. (CoinDesk) Among the few tokens in the positive — $ENA , $TRX .
Conclusion:
Macro dictates the rules. As long as oil is above $100 and geopolitics is unstable — altcoins remain under pressure. Watch the BTC levels and do not over-leverage positions.
💬 How did you handle yesterday's drop? Did you hold positions or cut losses?
#altcoins #CryptoNews #BTC #defi #BİNANCE
Yesterday, the market reminded us once again why risk management is not an option.
BTC broke below the $70,000 level, and altcoins took the biggest hit — the DeFi and Computing token indices fell by over 4% during the Asian session. (CoinDesk)
What triggered the decline?
The breakdown of negotiations between Iran and the USA caused a new spike in oil above $100 per barrel — and capital began to exit crypto-derivatives. (CoinDesk) Risk appetite sharply declined, and stock markets also dropped.
Figures worth noting:
The total open interest in crypto futures decreased by 3.5% to $108 billion. Funding rates turned negative, and traders increased short positions. (CoinDesk)
Is there hope for recovery?
The "Altcoin Season" index holds at 48/100 — this is a neutral zone that technically allows for a bullish recovery if the market finds support. (CoinDesk) Among the few tokens in the positive — $ENA , $TRX .
Conclusion:
Macro dictates the rules. As long as oil is above $100 and geopolitics is unstable — altcoins remain under pressure. Watch the BTC levels and do not over-leverage positions.
💬 How did you handle yesterday's drop? Did you hold positions or cut losses?
#altcoins #CryptoNews #BTC #defi #BİNANCE