A selling climax signifies peak selling pressure from panic-driven mass sell-offs, often near a market bottom. 📉 This phase typically features unusually large red candles and a sharp spike in volume. Market sentiment becomes extremely bearish, with investors selling at any price. Meanwhile, smart money often begins quiet accumulation.

Following a selling climax, prices usually stop falling, consolidate sideways, or experience a strong rebound. 📈

Currently, the crypto market isn't showing clear signs of a selling climax. Price action is mostly corrective or sideways, with relatively low volume, not panic selling. Investor sentiment leans more towards fatigue and frustration than true despair, and candle structures don't indicate a strong washout or capitulation.

Thus, the current market phase appears to be a period of adjustment and market filtering, rather than a capitulation event. ✨

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