#Daily Crypto Market Highlights In the past 24 hours, the cryptocurrency market showed a cautious consolidation with slight adjustments, trading volume shrank, and panic sentiment intensified, overall leaning towards defense.
Last Thursday, the situation in the Middle East eased slightly, with five European countries and Japan jointly issuing a statement condemning Iran and stating that they would ensure the safety of navigation in the Strait of Hormuz, but no specific action plan was provided, which may have just been a response to calm Trump’s anger. The Fed's dot plot suggests only one rate cut in 2026, or even no cuts at all, leading to a market sell-off as the positive news was fully priced in, but there was a subsequent rebound, ending with a slight drop.
In summary, the market focus is highly concentrated on oil prices and the safety of the Strait of Hormuz. Specifically in the cryptocurrency market, trading volume has decreased by about 33%, indicating profit-taking by long positions and a strong wait-and-see sentiment in the market. Of course, there are also investors with aggressive strategies.
In the past 24 hours, the total liquidation across the network exceeded 400 million USD, with long positions liquidating over 300 million. The leverage wash continues. As the saying goes: the market is in a high uncertainty phase, and the prudent strategy is to watch and wait.
#Crypto #MiddleEastConflict #StraitOfHormuz