NOT and PENDLE tokens face significant losses amidBitcoin’srebound to$59.8K,reflecting broader market volatility and investorreactions.
Points
- Bitcoin’sdropto$59.8Ktriggersabroadcryptomarketdecline.
- NOTtokendrops20%weekly,tradingat$0.01302.
- PENDLE’sTVLfalls40%weekly,withuserwithdrawalstotaling$3billion.
- MarketsentimentremainsbearishfollowingBitcoin’sbriefrecovery.
- Investorreactionstobroadermarkettrendsimpactaltcoinssignificantly.
The global crypto market has plunged back into bearishterritory,with leading digital currencies suffering significantlosses.This downturn follows a brief recovery period on Monday when Bitcoin surged past the$63.7Kthreshold.However,the resurgence wasshort-lived,asBitcoin’srapid decline to approximately$59,800triggered a broader marketsell-off,impacting altcoins like Notcoin（NOT）and Pendle（PENDLE）.
CoinMarketCap data shows thatNOT,which had been enjoying substantial gains earlier thismonth,fell by over6%in a singleday,erasing much of its
recentprogress.Meanwhile,PENDLE experienced an even steeperdecline,losing nearly15%of its market value as investors reacted to the widespread bearishsentiment.
NOTTokenPerformance
Over the pastweek,NOT has been trapped in a persistentdowntrend,consistently marking lower lows and failing to secure stable supportlevels.This relentless bearish sentiment has resulted in a20%weeklydecline,with the token currently trading at$0.01302.
PENDLETokenPerformance
PENDLE has seen its total value locked（TVL）fall by40%in the pastweek,with user withdrawals totaling$3billion.This significant outflow reflects broader market concerns and the impact ofBitcoin’sprice volatility on the altcoinmarket.
MarketSentiment
The broader market sentiment remainsbearish,with investors showing caution amid the currentvolatility.Bitcoin’sbrief recovery to$63.7Koffered somehope,but the rapid decline back to$59.8Khas reinforced concerns about marketstability.As aresult,altcoins like NOT and PENDLE have faced substantiallosses,highlighting the interconnected nature of the cryptomarket.
解説
- TherecentdeclineinNOTandPENDLEtokensunderscoresthevolatilityofthecryptomarketandtheinfluenceofBitcoin’spricemovements.
- NOT’s20%weeklydeclinereflectspersistentbearishsentimentandthefailuretoestablishstablesupportlevels.
- PENDLE’s40%dropinTVLandsignificantuserwithdrawalshighlightbroadermarketconcernsandinvestorreactionstoBitcoin’svolatility.
- TheinterconnectednatureofthecryptomarketmeansthatBitcoin’spricemovementscansignificantlyimpactaltcoins.
- Investorsshouldremaincautiousandcloselymonitormarkettrendsandsentimenttonavigatethecurrentvolatility.