The market is grinding again today, with a sea of green making people uneasy.
Let’s look at the broader market: The total global crypto market cap is now hovering around $3.17 trillion, down 1.21% in 24 hours, and the overall atmosphere does feel a bit tense. But there’s a surprise in the Top 100—Zcash is up between 9% and 13%, making it the lone standout today. In contrast, hot tokens like XRP and HYPE are both down about 3%-5%.
Bitcoin is stuck oscillating around $92,284, down 0.88% on the day, and on-chain data shows funds are steadily leaving exchanges. Ethereum is holding up a bit better at $3,133, up 5.36% over the past seven days, with the market speculating on upgrade expectations. BNB is retracing 2.23% near $905, and leverage in the derivatives market is clearly cooling off.
Trading volume is down 17%-37% compared to previous periods, so market activity is indeed declining. Major coins are mostly trading sideways, while volatility in smaller coins is intensifying significantly.
**By token:**
Bitcoin is currently neutral to bearish, with the price grinding around $92,000 and the MACD showing fading momentum. If it drops below $91,000, it could trigger a chain reaction with $1.3 billion in long liquidations, so keep an eye on that.
Ethereum, on the other hand, is looking bullish with a strong MACD and price holding above the moving averages. If it breaks above $3,200, the next test is the $3,250 resistance zone. However, there’s a divergence on OBV and funding rates are high, so there’s pressure for profit-taking. If it breaks below $3,100, cascading liquidations could happen quickly.
BNB is consolidating near $900, showing neutral oscillation. MACD is slightly bullish but lacks momentum. $890 is the max pain point for options, so watch if the price gravitates there. A breakout above $925.67 would confirm a rebound, but if it breaks below $884.22, watch for the $865 liquidation cluster.
For SOL, focus on playing the rebound as ETF inflows are still continuing.
Overall, major coins are mostly in a consolidation phase. Be cautious of intensified volatility in altcoins.