The cryptocurrency market is dealing with intense concern, uncertainty, and doubt (FUD), with sentiment round a number of prime property at excessive bearish ranges.
Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), and Solana (SOL) have all suffered vital declines, pushing merchants into panic mode, however historical past suggests a possible backside could also be close to.
Market Sentiment Hits Rock Backside
In line with on-chain analytics from the digital asset market intelligence platform Santiment, the broader crypto group has turn into overwhelmingly bearish following current worth dips. Since final Friday, Bitcoin’s worth has fallen sharply from a excessive of $99,400 to $86,000.
At the moment, the asset is buying and selling at round $88,820, a 2.6% drop within the final 24 hours. Throughout the earlier seven days, the cryptocurrency has been down nearly 7%, whereas the lack of worth over the previous month is extra marked at 11.7%.
Its spot ETF market hasn’t fared a lot better both, seeing six consecutive days of outflows within the final week. On February 24 alone, withdrawals amounted to an eye-watering $516 million, suggesting a rising warning amongst institutional traders. That quantity shot up to over $900 million on Tuesday.
Then again, ETH has had a tough February, falling under the $2,400 degree. Up to now, the second month of the yr was at all times a bullish interval for the most important altcoin, however 2025 has been an exception.
The current Bybit hack, the place suspected Lazarus Group operatives made off with a whopping $1.4 billion in crypto, Trump’s commerce tariffs on Mexico and Canada, and broader market uncertainties have pushed down ETH 25% this month, with the asset not too long ago slumping to a low of $2,310.
Bleak Instances for XRP, SOL
In the meantime, XRP has dropped to $2.2, nearing its key help at $2. Market watchers have recommended that if sellers proceed to dominate, the token might check $1.6 within the coming days.
Solana’s story is not any completely different, having been hit onerous by whale sell-offs over the previous month. As reported by crypto analyst Ali Martinez, not less than 135 giant holders of the asset not too long ago offloaded their holdings, contributing to its 20% weekly decline. Additional, contemplating a significant token unlock is scheduled for March 1, consultants imagine SOL might face much more promoting stress.
Nonetheless, the present gloom however, some observers stay optimistic. In line with Santiment, excessive FUD, just like the one being skilled proper now, often alerts a market backside, that means there could possibly be a possible turnaround on the horizon.
Binance Free $600 (CryptoPotato Unique): Use this hyperlink to register a brand new account and obtain $600 unique welcome provide on Binance (full particulars).
LIMITED OFFER for CryptoPotato readers at Bybit: Use this hyperlink to register and open a $500 FREE place on any coin!
