📉 Crypto Market Update — Weakness Spreading Across Alts
Perp DEX tokens, which showed relative strength earlier in the dip, have now broken down and joined the downside, becoming one of the weakest sectors after memes.
Top losers (Perp DEX):
• #MYX -12%
• #HYPE -11%
• #ASTER -8%
• #DYDX -6%
• #JUP -4%
Overall market conditions:
• 81% of tokens in the red, showing very poor market breadth
• Memes remain the weakest and continue to see heavy selling
• Only a handful of small caps are green, mostly due to low liquidity and short-term rotation, not real strength
• Volume is weak, indicating lack of strong dip buyers
What this means:
When former relative-strength sectors start underperforming, it usually signals continuation or extended consolidation, not an immediate reversal. The market remains risk-off, and rallies are likely to be sold.
Outlook:
Until BTC reclaims key resistance with volume and breadth improves, expect choppy price action and continued pressure on high-beta alts. Patience and selectivity remain key.
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