CoinEx Daily: Crypto Market Experiences Sharp Downturn as Leverage Liquidations Surge over $6 Billio

Daily View

The crypto market has shifted into a pronounced downturn, with Bitcoin leading broader declines and total market capitalization dropping to $3.93 trillion. Glassnode has identified the selloff as a leverage-driven event, with over $6.24 billion in liquidations and more than 210,000 traders affected. Meanwhile, U.S. 10-year Treasury yields have fallen to a one-month low at 4.0240%, and market participants are closely watching Jerome Powell's upcoming event for signals on future monetary policy direction.