Analyst: 24% of the Top 200 cryptocurrencies hit a new year low, and the market may have a bottoming out opportunity
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2025-02-21 10:16 3,889
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According to Cointelegraph, Real Vision analyst Jamie Coutts data showed that the market reshuffle on February 7 brought the 365-day low of the first 200 tokens to 24%, which was August 5, 2024 (28 %) the highest level since.
IntoTheBlock analyst Juan Pellicer said the recent market adjustments have led to a large amount of liquidation (particularly Solana), with the total market value of the crypto market falling to $3.13 trillion, indicating that excessive leverage positions are being cleared and the market may see a surrender. Given the impact of tariffs and AI valuations (affected by DeepSeek), the bull market may continue, with the current adjustments likely to be a pullback for some tokens rather than a broader downtrend.
Brickken CEO Edwin Mata further pointed out that the meme coin boom is disrupting the distribution of liquidity in the market. Meme coins promoted by well-known people have caused distortions in capital flows, causing liquidity to flow out of more mature projects, a trend that increases market volatility and makes traditional market recovery models more difficult to predict.