Crypto Market Slumps: Coins Collapse After a Sharp Correction The crypto market has entered a significant correction following a rapid price rally. During this pullback, total global crypto market capitalization declined by approximately 10–20% from recent local highs, driven by increased selling pressure and leveraged position liquidations. Bitcoin corrected by around 15–25% from its recent peak, with Ethereum experiencing a similar downturn. Smaller-cap altcoins and meme coins were hit harder, typically falling in the 30–60% range, reflecting their higher volatility and risk profile. Derivatives market data shows hundreds of millions to over $1 billion in liquidations across several active trading days, with the majority coming from long positions. Investor sentiment shifted from optimism to caution as market fear indicators rose. 🤢😓