The crypto market is facing strong pressure as most major tokens move into a clear downtrend. As the year moves closer to its end, market mood has turned cautious, and many traders are stepping back.
Recent chart data shows that seventy-five of the top one hundred cryptocurrencies are now trading below their fifty-day and two hundred-day moving averages. These levels are often used to understand the short-term and long-term trends of prices. When assets fall below both lines, it usually signals weakness and reduced confidence.
Bitcoin has played a major role in this move. After reaching a high above one hundred twenty-six thousand earlier this year, it has now slipped closer to eighty-seven thousand. This drop has pushed many investors to reduce risk, which has affected the wider market. When Bitcoin weakens, other coins often follow.
Ethereum, Solana, BNB, and XRP are also trading below these key levels. Together these large coins make up most of the total crypto market value. When they struggle, it becomes hard for smaller tokens to perform well. This is why the overall market feels heavy and slow.
Trading behavior shows that many investors are waiting instead of buying. Large players usually focus on these major coins, and when signals turn negative, they tend to stay cautious. This reduces liquidity and keeps prices under pressure.
At the same time traditional tech stocks are showing a different picture. Only a small part of major tech shares are trading below similar trend lines. Bitcoin often moves in the same direction as tech markets, but during weak phases, the downside can feel stronger in crypto.
Another important point is that only eight coins are currently considered oversold. Oversold means the price has fallen very fast and may soon slow down or bounce. Since only a few tokens are in this zone, it suggests that many coins still have space to move lower before strong buying returns.
This does not mean a crash is certain, but it shows that the market has not reached full fear yet. In past cycles deeper declines often happened before a stable recovery started.
For now traders are watching key levels closely. If major coins reclaim their moving averages confidence could return slowly. If not, the market may continue to drift lower as patience is tested.
The coming weeks may decide whether this phase becomes a short pause or a longer cooling period for crypto.
