Reported 14 days ago
The crypto market experienced another significant sell-off on Thursday, with many altcoins plummeting by double digits while Bitcoin (BTC) and Ethereum (ETH) tested critical support levels. Traders remain cautious following a previous $500 billion drop, with negative funding rates indicating bearish sentiment among short-position holders. Despite the turmoil, the BTC options market shows a bullish inclination as traders anticipate potential price increases. Overall, the market is currently under heavy selling pressure, particularly affecting altcoins, as liquidity remains low.
Source: YAHOO