The encryption market has continued to weaken for the past 24 hours, and the total market value has fallen to about $2.14 trillion. The strengthening of the United States dollar and the Federal Reserve's policy are expected to suppress risk preferences, as well as the general under pressure on risk assets, and the resulting decline in the encryption market.
24 hour drops increased
The data shows that the entire encryption market has fallen by 2.68 per cent over the past 24 hours. As the total market value retreats and sales pressure spreads from the mainstream currency to the broader risk asset segment, short-line sentiment is clearly weakening.
- The total market value of the encryption market is about $2.14 trillion.
- 24 hours overall down by 2.68%.
- Market interest 2.1 trillion dollars sustained
Bitcoin is being liquidated.
This turnback has also been accompanied by a widening of the derivatives market. Over $83 million of bitcoin silos were forced to level off in a short period of time, further widening down speed and exacerbating short-line fluctuations.
When prices fall rapidly, liquidation can easily form a chain reaction. After the passive withdrawal of multiple silos, the market has weakened and prices have become easier to pursue.
Panic heats up.
Market risk tends to retreat simultaneously. The Encrypted Fear and Greed Index, which is now reported, is in a state of extreme fear, showing a clear bias in investor sentiment.
Next, the market will continue to be concerned about the viability of the 2.1 trillion dollar near, while awaiting a follow-up signal from the Fed and data on the ETF financial flows. Both factors remain the focus of short-line observations.