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📉 Market Update: Crypto Faces Another Dip
The crypto market fell 1.45% in 24h, extending a 5.67% weekly decline as mixed macro signals and derivatives pressure weigh on sentiment.
Key Highlights:
😨 Fear & Greed Index: 33 (Fear)
💥 Derivatives: -4.13% OI, +65.85% volume
🟠 BTC Dominance: 59.08% (+0.18%)
Main Drivers:
1️⃣ Macro Jitters: Fed’s plan for more 2025 rate cuts sparked stagflation fear, traders moved to gold & cash.
2️⃣ Derivatives Flush: $657M in liquidations show long positions wiped out.
3️⃣ Bitcoin Strength: BTC remains the “safe zone” as altcoins bleed.
Takeaway:
Markets are cautious, but oversold conditions may offer short-term buying opportunities. Keep an eye on BTC if it holds strong, altcoins could recover next.
What are you watching this week BTC or altcoins? Drop your picks below