The cryptocurrency market has experienced a slight decline over the last 24 hours, with $348 million in liquidations across major assets. Bitcoin and Ethereum showed minimal price movement.
Overview of Market Liquidations
The crypto market recorded a drop with liquidations totaling $348 million. The global market cap now stands at $3.92 trillion, confirming a short-term cooling phase.
Divergent ETF Flows for BTC and ETH
BTC ETFs saw outflows for four consecutive days, while ETH ETFs demonstrated a net inflow of $73 million. This indicates different sentiments among institutional investors towards these assets.
Significant Decline in Altcoins
Most altcoins saw declines between 1% and 3%. However, some small-cap cryptocurrencies showed positive movement, like BISO, which gained 9.57%, and YODE, which rose by 8.21%, highlighting a mixed atmosphere in the market.
The crypto market demonstrates cooling with high liquidation levels and limited price action. The future direction of the market will depend on upcoming macro signals and capital flows.
