📊 Data Shows Bitcoin & Altcoin Selling Continues - What You Need to Know👇

The cryptocurrency market has faced a tumultuous start to the week, following a dramatic sell-off fueled by geopolitical tensions and unexpected macroeconomic developments. Over $20 billion in liquidations have shaken investor confidence, prompting a cautious approach as traders await further market signals. This environment highlights the ongoing challenges and the importance of monitoring key technical and on-chain data to understand potential short-term moves in crypto markets, especially Bitcoin and Ethereum.

🪙Over $20 billion in crypto liquidations underscores widespread trader panic amid geopolitical shocks and market volatility.

🪙Bitcoin and major altcoins are experiencing continued weakness, with open interest declining across the board.

🪙Liquidation heatmaps reveal key levels of leverage and potential areas of market exploitation, indicating possible discounts for Bitcoin.

🪙Market participants are cautious, with open interest in perpetual futures markets shrinking, suggesting reluctance to open new positions.

🪙Upcoming CME futures market open could serve as a critical moment for gauging the market's next direction after a period of sustained declines.

The cryptocurrency market is currently struggling to recover from last Friday's unprecedented sell-off, which saw over $20 billion liquidated on centralized exchanges alone. The sudden drop was triggered by a surprise announcement from President Trump, who posted on Truth Social about a 100% tariff on Chinese imports, igniting fears of escalating geopolitical

After the crash, the crypto community rapidly began to seek explanations, with social media buzzing about both market fundamentals and geo-economic tensions," Santiment noted. The emotional response underscores the heightened sensitivity of retail traders to external events, even as broader systemic issues underpin the market's recent vulnerability.

💰 US-China Tensions Will Remain Central for Retail Traders

While the tariff announcement was a catalyst for the recent decline, analysts from The Kobeissi Letter emphasized that excessive leverage and market risk played significant roles. An estimated $16.7 billion in long crypto positions were liquidated amid Market crash.
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