📉 The Big Picture: 75 out of the top 100 coins are now trading below both their 50-day and 200-day moving averages. That's a clear sign of widespread weakness.
The majors aren't safe either—BTC, ETH, $SOL , $BNB , $XRP are all underperforming. Since these giants make up ~78% of the market cap, when they sink… the whole ship feels it 🚢
What's mor concerning? Only 8 of those 75 coins are hitting "oversold" levels on the RSI. Translation: most still have room to fall further. Not many have hit panic-selling bottoms yet.
📊 Fun (or not-so-fun) Fact:
While 75 cryptos are flashing red below key averages, only 29 Nasdaq 100 stocks are in the same boat. Tech stocks are holding up better—which makes crypto’s dip feel even heavier.
🎯 Bottom line:
The bear grip is tightening as we approach year-end. Broad weakness + few oversold signals = caution for now. Not saying it's doom forever, but the path of least resistance seems to be down for the moment.
Stay alert, trade smart, and keep those stops in place! 👀
