"Hot list "

Dogecoin's Hard Times: Possibility of Necessary Correction After Excessive Leverage
The cryptocurrency market is experiencing a significant decline due to excessive leverage, which analysts consider a necessary correction.
This week, almost all major cryptocurrencies experienced losses, with Dogecoin and Cardano falling the sharpest among the top ten digital assets.
Market Outlook: A Necessary Correction in Cryptocurrency
The cryptocurrency market is moving forward amid signs of overleverage, which many analysts see as a short-term correction. After a long bull run, the current bearish wave has caused major cryptocurrencies to lose significant value. In particular, the prices of the top 50 cryptocurrencies fell; only stabilized coins retained their value. Recent data points to a more systematic evaluation of price movements, which could pave the way for healthy market conditions.
Impacts on Major Cryptocurrencies: Dogecoin and Cardano Hit Hard
Among the hardest hit are Dogecoin (DOGE) and Cardano (ADA); These cryptocurrencies showed significant declines of 12% and 14.7% respectively in less than 24 hours. Closely followed Solana (SOL) and XRP also suffered significant losses, highlighting the general instability in the market. The leading cryptocurrency Bitcoin (BTC) was also affected by this process and experienced a 6.1% decrease to $92,362. Ethereum, on the other hand, recorded a 4.5% decrease to $3,324. This decline highlights how fragile the market momentum that has seemed unshakable in recent weeks is.
Liquidation Information: Financial Impact on Investors
The size of the decline is not measured solely by price declines; Liquidation data reveals a distressing trend showing a total of $691 million being wiped out across more than 180,000 positions. A large portion of this figure was due to the liquidation of Bitcoin investors' long positions, resulting in a loss of approximately $150 million.
In the coming days, investors are preparing for important macroeconomic data that may further affect cryptocurrency prices. The minutes of the last meeting of the Federal Open Market Committee (FOMC) are awaited. Analysts are paying attention to the Federal Reserve's language on interest rates and inflation; This is an important indicator to gauge future market directions. Additionally, upcoming PCE data is expected to reflect slight inflation increases, creating mixed feelings among investors about potential rate adjustments in December.
#MyPortfolioInBull
‍