At the peak of market euphoria, Bitcoin broke through $126,000 before ultimately experiencing an extreme fall to $80,000, recording a brutal correction of approximately -36.5% in just one distribution phase. Ethereum, which had previously stabilized around $4,900, also could not hold on and plummeted to $2,400, marking a decline of -51%, representing one of the deepest capitulations since the 2022 crisis. $SOL not spared; from $253 it plunged to $126, corrected -50%, erasing almost all gains from the last two quarters.
Meanwhile, other altcoins experienced far more massive destruction. Many fell -50% to -90%, even touching the bottom of the bear market in 2022 again, as if the entire bullish structure of the past year was wiped out in one wave of flash crash. The order book is empty, chain liquidations, and leverage imbalances caused the market to lose its form.
Ironically, after this major collapse, market makers have a strong motivation to recover the market. BTC and ETH prices need a relief rally for liquidity to flow again, while already devastated altcoins will be easy to pump to attract retail. This condition has the potential to trigger a brief altseason, a recovery phase before the last major crash that usually concludes the entire bull run cycle.
a little story that needs to be known I have been crushed because of full margin in 2023 I lost almost all my savings because of my own stupidity where I followed a full margin influencer so my asset was liquidated, please pray and support me so that I can make a comeback again please give encouraging comments and prayers so I can recover all my failures and stupidity #BTCVolatility $BTC $ETH $SOL
$BTC Bitcoin ($BTC ) is currently in a crucial consolidation phase that is attracting the attention of market participants. The potential for a decline remains open towards the $104,000 area if selling pressure increases again, especially if BTC's dominance remains high while the flow of funds to altcoins weakens. The $104,000 level becomes an important support zone as it is close to the key MA on the daily timeframe that often serves as a significant bounce point. However, if buyers can maintain short-term momentum, BTC has the potential to continue rising towards $114,000 as the next resistance target before facing new obstacles. For Ethereum ($ETH), technical conditions indicate the risk of a deeper correction to the $3,700 area, which is a major support as well as the lower boundary of the consolidation range that has formed over the past few weeks. Nevertheless, if BTC manages to break through the $114,000 resistance and the sentiment in the crypto market improves again, $ETH has the potential to chase medium-term upward targets of up to $5,200. The movements of these two assets will be heavily influenced by spot volume, the direction of $BTC dominance, and macro factors such as global interest rate policies. Traders are advised to monitor breakout patterns, maintain risk management, and not get caught up in momentary euphoria to stay safe in extreme volatility.
starting a new 2-month futures plunge until moving between exchanges and a total loss of all has reached tens of millions until selling a motorcycle to fund trading again, resulting in continuous failure😭 even though the income from work is below the minimum wage
starting a new 2-month futures plunge until moving between exchanges and a total loss of all has reached tens of millions until selling a motorcycle to fund trading again, resulting in continuous failure😭 even though the income from work is below the minimum wage