The cryptocurrency market experienced substantial losses over the past 24 hours, with a decline in capitalization to $3.78 trillion, marking a 4.46 percent drop. This downturn was primarily driven by the CMC100 index’s 4.57 percent slide to $233.59 and a shift towards fear within the Fear & Greed Index, which currently sits at 43. Despite this volatility, altcoin activity remained relatively subdued, with the Altcoin Season Index remaining at 46 out of 100, emphasizing Bitcoin’s continued influence on market trends. In line with these losses, total liquidations across exchanges climbed to $942.76 million, showcasing the severity of the sell-off. Bitcoin saw a significant dip under $110,000, extending its losses after reaching a peak near $123,000. Analysts suggest this decline is part of a natural market cycle rather than an indication of a broader bearish trend. The leading cryptocurrency remains above its 200-day moving average, which acts as a critical support marker in long-term bull runs.