🚨 It has been a brutal week for the crypto market.
Bitcoin briefly dropped toward the $59K region, triggering heavy volatility across the market. $ETH revisited levels not seen in many months as altcoins continued to weaken. Spot Bitcoin ETFs recorded major outflows, adding additional pressure to sentiment. Billions in leveraged positions were liquidated during the sell-off as volatility accelerated. Several large-cap altcoins experienced extreme downside moves, with traders reacting aggressively to uncertainty and risk-off conditions.
Right now, fear is clearly dominating the market.
The important question is whether this becomes a deeper structural breakdown, or another capitulation phase before stabilization returns.
