Crypto Pullback: Altcoins Bleed More, No Panic Yet

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Bitcoin (BTC) slipped toward the $85,000 zone during Monday’s global trading session, dragging most of the crypto market lower as risk appetite faded.

The pullback has been sharp enough to punish altcoins, yet data from social and on-chain trackers show traders are cautious rather than fearful, suggesting conviction has not fully cracked.

Market Sees Broad Declines
At the time of writing, BTC had fallen roughly 3.6% in the last 24 hours and was hovering around $87,000, according to market data shared by Santiment. Ethereum (ETH) had dropped even harder, sliding more than 6% to just above $2,900, while total crypto market capitalization shed an estimated $140 billion in a matter of hours.

Several altcoins also experienced the sell-off. Santiment’s December 15–16 market snapshot showed a sea of red across large- and mid-cap tokens, with ASTER down about 12%, ENA lower by 9%, SUI off 8%, and HYPE sliding 7%, being some of the day’s steepest decliners.

According to analytics firm Glassnode, the movement extended a pattern where capital appears to be concentrating in Bitcoin, with most other crypto sectors lagging behind its performance for the past three months.


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