Is the market declining?
Is the market declining?
Bitcoin drops below $114K, with Ethereum and major altcoins following. Over $900M in liquidations reported, as traders point to macroeconomic concerns and profit-taking pressures.
Bitcoin dominance slipping & altcoins like ETH, SOL, and XRP are gaining traction. The Altcoin Season Index is nearing 50, suggesting early signs of rotation, but still below the 75 mark that signals a full altseason. Traders are split: some see rising interest in altcoin futures and shifting capital as bullish signals, while others remain cautious due to low volume.
Are we witnessing the start of alt season? or just another temporary shift, what do you think guys?
Taking profits is normal. Market goes up and down but general trend historically has been up. If you can’t handle the swings you should seek to diversify.