The cryptocurrency market is weakening: Bitcoin surpasses $90,000 but sentiment remains cautious

The ongoing sharp correction continues across the entire cryptocurrency market. Bitcoin is trading around $92,380 with a 1.77% increase in the past 24 hours, however, the trend of falling below $90,000 still leaves a deep mark on investor sentiment. Ethereum is also no exception, currently at $3,140 (+0.75%), continuing to reflect significant selling pressure from traders.

Other major coins also see modest recovery

Solana increased by 1.56% to $141.99, while Cardano also recorded a similar rise to $0.39 (+1.57%). Although these figures show signs of recovery, the previous weakness has caused notable cracks in community confidence.

Market capitalization declines, investor sentiment becomes cautious

The total cryptocurrency market capitalization has decreased by 1.4%, now at $2.97 trillion. The Fear & Greed Index (Fear & Greed Index) has fallen to 42, clearly reflecting a cautious sentiment spreading across the market. This is a warning sign that investors are carefully considering their next moves.

Capital outflows from crypto products increase

According to CoinShares, last week saw outflows of up to $952 million from crypto investment products, marking the end of three consecutive weeks of inflows. This shift indicates a clear change in behavior among institutional and individual investors as they begin to gradually withdraw from the market.

This context reminds the cryptocurrency community that market corrections are normal, and the current cautious sentiment could be an opportunity for long-term investors to reconsider their strategies.