cryptocurrency market It started the week with a sharp decline. Bitcoin in the last 24 hours $99,231.3With ‘s drop below $100,000, most major altcoins fell hard. Solana (SOL) and Dogecoin 
$0.313883 (DOGE) was among the hardest hit, dropping over 10 percent. Ethereum (ETH) 
$3,072.0BNB, XRP and Cardano (ADA) 
$0.885508 lost nearly 9 percent of its value. While the total loss across the market reached 8.5 percent, a position worth $870 million in leveraged transactions was liquidated.
Jupiter‘s JUP coin attracted attention as the only altcoin that gained 3.5 percent in value after the platform’s decision to buy back tokens from the market. On the other hand, the main triggers of the decline in Bitcoin and altcoins were investors taking profits before the US Federal Reserve’s (Fed) interest rate meeting this week and the move of China-based artificial intelligence company DeepSeek, which suppressed technology stocks.
Factors Triggering the Decline
Uncertainties in the global economy and highly leveraged transactions are cited as the main reasons for the decline. Accordingly, in futures markets Bitcoin $238 million in Ethereum products, $84 million in Ethereum and other altcoinA $138 million position was wiped out in ‘s. On the Solana and Dogecoin side, a total of $50 million was liquidated. The closing of a $98.4 million Bitcoin position on the HTX exchange was the largest single liquidation of recent times.
Market analysts state that such sharp declines indicate that overly optimistic positions have been cleared. It is emphasized that liquidations, especially concentrated at certain price levels, can create short-term support or resistance points. However, if the downward trend continues, warnings are made that short positions will increase and volatility will continue to increase.
Important Signals for Investors
purge wave cryptocurrency It signals that the market may be overinflated. Experts state that investors, especially those using leverage, should tighten their risk management. However, some analysts predict that sharp sales may be followed by bottom buying and a technical recovery may begin.
Another point that attracts attention in the market is JUP coinIt was the performance of. Jupiter’s announcement that it would buy tokens back from the market with transaction fees was considered a step that could create purchasing power of hundreds of millions of dollars annually. While this move increases confidence in the project’s token economy, it can also set an example for other altcoin projects.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
