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The market experienced a slight rebound in the past 24 hours.
Total crypto market capitalization has returned to 2.32T, but this rally appears more like a technical rebound driven by liquidations.
BTC liquidations reached 141 million USD, with leveraged longs being squeezed, and short covering pushing prices back up.
At the same time, funds are starting to rotate into small-cap altcoins:
MBOX +42%
DEXE +21%
However, market sentiment remains in extreme panic (19).
The key points to watch next:
Can 2.32T hold?
Hold → Possibly test 2.33T
Break below → The market may continue to decline.
#BTC #Crypto