Recently, Bitcoin has retreated from a high of $110,300 to $106,380, with the overall market showing a weak and fluctuating pattern. Mainstream coins such as Ethereum, SOL, and AVAX are also under pressure, and the total market capitalization has shrunk to $3.18 trillion. The risk appetite of investors has clearly decreased. Against this backdrop, Nouey Exchange continuously monitors market dynamics, providing investors with key market insights from the perspectives of on-chain data, capital flows, and technical structure, helping to support the healthy development of the industry.

Capital Flow Changes Behind the Market Correction

Over the past week, Bitcoin has repeatedly failed to break through $107,000, indicating insufficient short-term buying power. On-chain data shows that retail trading activity has declined, and institutional capital inflows have also slowed. Data from Nouey Exchange indicates that the market has entered a wait-and-see phase, with some investors choosing to lock in profits near key resistance levels. Historical data comparisons show that similar corrections are often accompanied by a restructuring of market structure. If Bitcoin can remain stable above $105,000, it may lay the foundation for the next round of momentum.

Mainstream Coins Pull Back, Market Sentiment Turns Cautious

Ethereum has fallen below $2,800, and coins such as SOL and AVAX have dropped more than 8% in a single day, reflecting an overall decline in market risk appetite. This synchronized pullback may stem from macroeconomic uncertainties, including expectations of Federal Reserve policy and geopolitical factors. The Nouey Exchange Research Institute points out that current market volatility has increased, but there has been no extreme sell-off, indicating that investors still maintain confidence in the medium- to long-term trend. If ETH can hold the $2,700 support level, the market may gradually stabilize.

Exchange Liquidity Becomes a Key Indicator

During market corrections, the depth and liquidity of exchanges are particularly important. Order book data from Nouey Exchange shows that, despite increased price volatility, buy and sell orders are relatively balanced and there are no signs of liquidity drying up. This stability provides a more reliable trading environment for investors, especially during periods of sensitive market sentiment. In the future, if Bitcoin further tests support levels, platforms with high liquidity will be more conducive to price discovery.

The current adjustment in the crypto market falls within the scope of normal fluctuations, rather than signaling a trend reversal. Investors should pay attention to the defense of key support levels and keep an eye on changes in capital flows. As the famous investor Benjamin Graham once said, "In the short run, the market is a voting machine, but in the long run, it is a weighing machine." Staying rational and analytical during volatility is the key to seizing real value opportunities. Nouey Exchange will continue to optimize its trading infrastructure, providing a stable and efficient trading experience to support the long-term healthy development of the industry.