The cryptocurrency market saw continued declines across most sectors in the past 24 hours. Bitcoin slipped 1.69% to around $112,000, while Ethereum dropped 3.71%, falling below the $4,000 mark. Most sectors mirrored the downturn, DeFi fell 2.14%, Layer 1 dropped 3.02%, and Layer 2 slid 4.30%. However, the SocialFi sector stood out with a modest 0.4% gain, led by Toncoin’s 1.39% rise. Meme tokens like MemeCore (M) and OFFICIAL TRUMP (TRUMP) also defied the broader trend, posting gains of 4.6% and 5.84%, respectively. Meanwhile, on-chain data shows the bears gaining ground. An OG whale, who previously made $8.3 million during the October 11 crash, has added fresh short positions on Ethereum, signaling renewed downside pressure.
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