The recent market trend has clearly changed the atmosphere in the crypto market. Bitcoin and Ethereum both faced significant selling pressure in the past 24 hours, with trading volumes soaring. The previously bullish sentiment instantly shifted to a net bearish one—honestly, this change came a bit quickly.

Looking at the specific numbers reveals how intense the pressure is. Bitcoin is repeatedly facing resistance in the $88,000 to $91,000 range, with a decline approaching 4% or more. Ethereum's situation is even worse, hammered around $2,990 to $3,100, with a drop of 5 to 7 percentage points. The total market capitalization fluctuates around $3.0 trillion, but volatility is clearly increasing, indicating this is not a mild correction but rather a mass capitulation of positions.

From the Fear and Greed Index and real-time data from various exchanges, all signals point to the same conclusion—the market is currently dominated by "fear." Short-term volatility is extremely high, and in this environment, a single piece of news can trigger intense swings.

**What exactly is happening in the market?**

The most direct reason is that the selling pressure and oscillating downward trend have become very obvious. Mainstream cryptocurrencies are under pressure across the board, yet trading volume is rising—this is a typical negative signal, indicating that some traders are resolutely offloading their holdings. Macro risk events are also amplifying the situation, such as escalating trade conflicts or rising risk aversion, which have a bigger impact on crypto assets than expected.

**How to view this situation in the short term?**

First, risk management should be the top priority. During such high-volatility periods, heavy leverage or aggressive entries are essentially gambling and are unnecessary. Instead of chasing rallies or panic selling, it’s better to observe whether key support levels can hold. For example, Bitcoin has relatively strong support around $85,000; if it can hold this level, it might ease some downward pressure.

Another approach is to look at opportunities in the derivatives market. High volatility itself creates structural arbitrage opportunities; data such as funding rates and liquidation dynamics often reveal short-term price discrepancies. At this moment, paying attention to these detailed indicators can be interesting. However, these are just analytical ideas—how to operate specifically still depends on your own risk tolerance.