The recent trading day has revealed an interesting pattern in the crypto market landscape.
Data from January 8th shows that the entire market experienced significant downward pressure. Bitcoin faced resistance during this period, with a 24-hour decline of 1.08%, breaking below the $92,000 mark. Ethereum performed even weaker, dropping 2.05%, and failed to hold the $3,200 level.
Sector-level differentiation is particularly noteworthy. The RWA sector led the decline, falling 2.99%. Ondo Finance (ONDO) dropped 4%, and Keeta (KTA) declined even more, by 5.57%. In contrast, the SocialFi sector saw a slight increase of 0.58%, becoming a safe haven in the market. Among them, Toncoin (TON) rose 0.48%, and Chiliz (CHZ) increased by 1.93%, showing relative resilience.
The situation in other sectors is as follows: CeFi decreased by 0.59%, but NEXO (NEXO) still gained 0.10%; Layer1 declined by 0.88%, but TRON (TRX) surged 1.43 during the session; the Meme sector overall fell 1.07%. Notably, a popular token surged 29.06% driven by the launch of spot trading; the DeFi sector dropped 1.76%, but MYX Finance (MYX) defied the trend with a 7.60% increase; Layer2 declined by 2.37%.
Overall, the market experienced clear sector rotation amid volatility, with pronounced strength and weakness differentiation.
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rugged_again
· 01-10 05:39
RWA is hitting the limit down, really becoming a "hot sector." Luckily, I didn't put all my funds in, or I would have been rugged again.
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Fren_Not_Food
· 01-09 02:34
RWA this wave is really disastrous, but I'm puzzled why SocialFi can find a safe haven. Why can TON and CHZ still hold up? By the way, that Meme coin surged 29%, and even with spot trading available, it still performed like this. Feels like someone knew in advance.
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ForkPrince
· 01-08 08:55
RWA leading the decline is really outrageous, feels like I've been cut again, but this wave of SocialFi is holding up well
What’s with the 29% increase in meme coins? Is launching spot trading really a cheat code?
BTC breaking 9.2K, and that's it? I thought it would keep dropping further
Sector rotation is so intense, those who can't keep up are losing out
ETH down 2 points, that's quite respectful, better than I expected
MYX defied the trend and rose over 7 points, who was the one who preemptively bought in?
I missed the rally of TRX today again, missed out once more
This decline still seems to be unfolding, let's keep observing
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NFTArtisanHQ
· 01-08 08:54
the rotation dynamics here are genuinely fascinating from a token economics perspective... rwa getting obliterated while socialfi holds steady really does mirror that post-digital aesthetic shift we've been theorizing about, doesn't it? like the market's literally deconstructing which primitives actually hold cultural gravity rn
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TheMemefather
· 01-08 08:43
RWA has dropped to a mess again, is it SocialFi's turn to take a hit? Sector rotation is really like betting; what looks good today might crash tomorrow.
A certain popular Meme coin rose 29%, I don't know which one, but I didn't catch it haha.
BTC breaking 92,000 is a bit painful, ETH is even worse... Who made money on this drop?
TRX and TON are resisting the decline; these two really have some strength.
DeFi dropped so hard, yet MYX still gained 7 points, what does that even mean?
It's really just waiting for the next windfall to arrive; now there's no certainty anymore.
SocialFi safe haven? Laughing out loud, let's see how long it can last before it gets exposed.
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StrawberryIce
· 01-08 08:36
RWA really underperformed, but it's still a bit surprising that SocialFi increased. TON and CHZ are really resilient.
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CryptoGoldmine
· 01-08 08:35
Sector rotation is so obvious, indicating that the market is searching for direction. RWA leads the decline but MYX defies the trend with a 7.6% increase; this data discrepancy itself presents an opportunity.
From a computational power perspective, the downturn period is actually a window for difficulty adjustment. The key is ROI, not chasing after those hot coins.
SocialFi's resilience is interesting, but TON's 0.48% increase isn't enough to be convincing. Actual trading volume and wallet activity are needed to determine whether it's a safe haven or a false rebound.
That Meme coin's 29% surge, driven by spot listing, is a typical time lag arbitrage. But such short-term opportunities aren't worth going all-in; fundamentals still matter.
Overall, breaking 92,000 for BTC isn't a big deal; historically, after such a correction, the difficulty adjustment cycle is often the golden time for low-cost entry.
The recent trading day has revealed an interesting pattern in the crypto market landscape.
Data from January 8th shows that the entire market experienced significant downward pressure. Bitcoin faced resistance during this period, with a 24-hour decline of 1.08%, breaking below the $92,000 mark. Ethereum performed even weaker, dropping 2.05%, and failed to hold the $3,200 level.
Sector-level differentiation is particularly noteworthy. The RWA sector led the decline, falling 2.99%. Ondo Finance (ONDO) dropped 4%, and Keeta (KTA) declined even more, by 5.57%. In contrast, the SocialFi sector saw a slight increase of 0.58%, becoming a safe haven in the market. Among them, Toncoin (TON) rose 0.48%, and Chiliz (CHZ) increased by 1.93%, showing relative resilience.
The situation in other sectors is as follows: CeFi decreased by 0.59%, but NEXO (NEXO) still gained 0.10%; Layer1 declined by 0.88%, but TRON (TRX) surged 1.43 during the session; the Meme sector overall fell 1.07%. Notably, a popular token surged 29.06% driven by the launch of spot trading; the DeFi sector dropped 1.76%, but MYX Finance (MYX) defied the trend with a 7.60% increase; Layer2 declined by 2.37%.
Overall, the market experienced clear sector rotation amid volatility, with pronounced strength and weakness differentiation.