Author
Hongji Feng
Author
Hongji Feng
Share
October hope has flipped to fear. The total crypto market cap sits near the mid $3.6 trillion range, with 24-hour volume jumping, a pattern that often indicates forced selling rather than patient bids.
Sentiment is bruised. The Crypto Fear and Greed Index slid toward extreme fear. That backdrop feeds a self-reinforcing crypto market crash narrative.
Fear and Greed Index (Source: CoinMarketCap)
Market Collapse Scenario
A Bitcoin crash would likely accelerate if the price loses the 200-day area again and closes below it with rising volume. Barrons flagged that breach and warned about trend damage during this slide.
Macro stress compounds risk. Reuters recorded a spike in the Cboe Volatility Index (VIX) toward recent highs, a sign that often tracks de-risk moves across assets. Correlation waves can pull crypto lower during equity stress.
Total market cap is also the line of scrimmage. CoinMarketCap places the broad gauge near $3.62 trillion. A decisive drop through that region would keep sellers in control and extend the crypto market crash setup.
Bitcoin, XRP, ETH, SOL Levels
Bitcoin is currently trading near $106,000, bouncing back from the previous level of $105,000 today. Watch $100,000 for defense and $110,000 for relief. A rebound needs steady spot demand with calmer momentum rather than a funding spike.
Bitcoin Price (Source: CoinMarketCap)
Ethereum is currently trading near $3,800, and the $3,600 to $3,700 pocket acted like a pivot this month. A daily close above $4,000 would ease pressure and reduce talk of a deeper leg lower.
XRP is trading near the $2.3 range. $2.00 is the focal support after recent volatility; however, prints below that line would intensify talk of an XRP crash toward the upper $1s.
Solana is currently trading near the low $180s, although CoinMarketCap showed $181 to $190 in recent trades. $170 is the first support, then $160. A close above $195 would start a short repair.
Instead of Panicking, What To Do Now
Start with price and size. A steady reclaim toward $3.7 trillion with rising spot volume on green days suggests buyers are active, not just short covering.
Confirm with leaders. Bitcoin, near $106,000, and Ethereum, near $3,800, need firm daily closes above nearby resistance. BTC back above the 200-day marker has reduced crash risk in past cycles. ETH above $4,000 improves tone for majors.
Gauge stress with sentiment. The Fear and Greed Index in the low 20s indicates caution. A drift into the high 30s with stronger closes often marks panic exhaustion. Treat spikes during red days differently from upticks during green days.
Track volume quality. Rising spot volume on down days points to distribution. Rising spot volume on up days points to accumulation. Use CoinMarketCap’s volume prints for BTC, ETH, XRP, and SOL to compare day by day.
Mind macro pressure. Reuters links the slide to trade tension and equity stress. If those headlines cool, crypto often stabilizes faster than equities. If they intensify, expect added downside risk.
Set clear triggers. For buyers, focus on closes that reclaim broken levels with higher spot volume. For hedgers, use strength to counter resistance to reduce risk. For sidelined readers, wait for the total cap to base above $3.9T with calmer daily ranges.
Credit: Source link
