Crypto’s latest shake-out came after the Fed’s surprise 25 bps cut, driving Bitcoin to test $117–120 K before massive long liquidations wiped out bullish bets. Correlations with gold broke down, Total2 (altcoin index) hit stalling resistance at its previous ATH, BTC dominance climbed, and the Altcoin Season Index plunged from 100 to 65.
Looking ahead, Chainlink could pop on its Department of Commerce tie-in, XRP is roughly 26 % shy of its last peak, and Avalanche and Ethena show breakout potential. Keep one eye on Ethereum’s fragile weekly structure, Q4 catalysts like altcoin ETFs and the CLARITY Act, plus whale moves and liquidity flows shaping the next leg.
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