ChainCatcher News: According to Cointelegraph, Real Vision analyst Jamie Coutts data showed that the market reshuffle on February 7 brought the proportion of the top 200 tokens to a new 365-day low of 24%, the highest level since August 5, 2024 (28%).
Juan Pellicer, an analyst at IntoTheBlock, said that the recent market correction has led to a large number of liquidations (especially Solana) and the total market capitalization of the crypto market has fallen to $3.13 trillion, suggesting that over-leveraged positions are being liquidated and the market may capitulate. Given the impact of tariffs and AI valuations (impacted by DeepSeek), the bull run is likely to continue, with the current correction likely to be a pullback for some tokens rather than a broader downtrend.
Brickken CEO Edwin Mata further noted that the meme coin boom is disrupting market liquidity allocation. Meme coins promoted by prominent personalities have distorted the flow of funds, leaving liquidity flowing out of more established projects, a trend that has increased market volatility and made traditional patterns of market recovery more difficult to predict.
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Analyst: 24% of Top 200 Cryptocurrencies Hit a One-Year Low, Market May Be Approaching Bottoming Opportunity
ChainCatcher News: According to Cointelegraph, Real Vision analyst Jamie Coutts data showed that the market reshuffle on February 7 brought the proportion of the top 200 tokens to a new 365-day low of 24%, the highest level since August 5, 2024 (28%). Juan Pellicer, an analyst at IntoTheBlock, said that the recent market correction has led to a large number of liquidations (especially Solana) and the total market capitalization of the crypto market has fallen to $3.13 trillion, suggesting that over-leveraged positions are being liquidated and the market may capitulate. Given the impact of tariffs and AI valuations (impacted by DeepSeek), the bull run is likely to continue, with the current correction likely to be a pullback for some tokens rather than a broader downtrend. Brickken CEO Edwin Mata further noted that the meme coin boom is disrupting market liquidity allocation. Meme coins promoted by prominent personalities have distorted the flow of funds, leaving liquidity flowing out of more established projects, a trend that has increased market volatility and made traditional patterns of market recovery more difficult to predict.