The cake has a small pullback, is it a good time to go bottom fishing for altcoins?🔥📈

BTC is currently experiencing dramatic price fluctuations, which has had a negative impact on other cryptocurrencies.
After experiencing nearly a 1% drop in the past 24 hours, the value of this leading cryptocurrency hovers around $69,500. This slight decline has triggered a larger drop in altcoins, with meme coins like Floki suffering significant losses.
How do AltCoins react?🔥🔥✈️
Following the decline of BTC, ETH fell 1.20% to $3,670, while BNB, which recently hit a new all-time high, fell 7.45% to $622.28. Other popular altcoins such as SOL and XRP also fell 1.53% and 0.53% to $159.45 and $0.4960 respectively.
However, not all cryptocurrencies have followed a downward trend. In the overall market decline, Toncoin (TON), supported by Telegram, has risen by 1.28% to $7.176. The total liquidity in the cryptocurrency market exceeds $93.68 million, reflecting market volatility.
What is the impact of liquidation?🔥✈️📈
In the past 24 hours, over 51,000 investors have lost positions. Bitcoin led the liquidation process, with losses exceeding $14.59 million. ETH and Solana also faced a large amount of liquidation, with losses of over $12.3 million and $4.2 million respectively. Margin trading has fueled these large-scale liquidations, exacerbating market instability. BTC and ETH trend analysis #比特币政策 .