The encryption markets are witnessing huge sales, which took place less than the main support levels. Bitcoin decreased to less than $ 94,000 in the beginning and then formed below less than $ 92,000, and it is interesting, it does not seem to stop the continuous declining direction. There is a possible reason for fear of rotation and uncertainty inside the markets, as Trump is continuing with a 25 % tariff in Canada and Mexico, which may hinder the fears of the trade war.
The markets have undergone the largest liquidation per month for more than 815 million dollars during the past 24 hours, as BTC has witnessed more than $ 270 million in liquidation alone during the last trading day.
Moreover, a series of long qualifiers has lasted since the early trading hours, where it recorded more than $ 116 million. Nearly 2,86,596 traders have already been filtered, as the largest liquidation of more than $ 10 million recorded. The feelings of the market have decreased to less than 30, indicating that traders are currently afraid.
What is the following for Bitcoin and Ethereum prices?
Bitcoin and Ethereum touches decisive support levels, which may lead to another declining wave if they are not defended well. BTC’s relative index has distinguished the lowest levels that have not been seen since September 2024, which hints towards the gathering heading to a minimum. Moreover, the bounce does not seem strong enough, which may restore a strong upward trend. Therefore, the BTC price is now afraid of a decrease to 90,000 dollars or lower levels, which may attract prominent liquidity.
On the other hand, the price of ETHEREUM was not only divided from the pivotal upward trend line but also failed to maintain an important support area. Currently, the price is struggling to defend local support at $ 2,500, and if he fails to rise and recover over $ 2600, this is a risk and the possibility of Altseason, both of which may decrease severely. On the other hand, Bitcoin’s dominance is expanded by an increase above 61 %, while the Altcoin season index fell to 22, indicating that the market is easier for Bitcoin.
The morale of the encryption market generally fell to fear, indicating that it is expected that the panic will continue for some time. This can keep the markets under the landfill, perhaps until the end of the monthly trade.
