Global Crypto Market Cap Plummets: $150 Billion Lost in One Day
- Market Crash: On January 21, 2025, the total crypto market cap plummeted by $150 billion within 24 hours, highlighting the extreme volatility of this asset class and forcing investors to reassess their risk management strategies.
- Macroeconomic Pressures: The crash was primarily driven by macroeconomic factors, including stronger-than-expected inflation data and large-scale liquidations in the derivatives market, which sharply decreased investor appetite for high-risk assets.
- Historical Context: This event parallels past market crashes in 2017 and 2021, underscoring the tendency of crypto markets to face severe corrections following periods of expansion, prompting investors to remain vigilant about potential systemic risks.
- Investor Impact: The $150 billion loss significantly affected both retail and institutional investors, potentially triggering emotional selling while also testing the risk management frameworks and custody solutions of institutions.
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Technical Analysis for MAJOR
Technical Sentiment Analysis for Major (MAJOR). As of , Major (MAJOR) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 11 technical signals, shows that 4 indicators are flashing buy, while 7 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for MAJOR stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, MAJOR is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Major (MAJOR) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0424 | 0.0504 | 0.0562 | 0.0643 | 0.0701 | 0.0781 | 0.084 |
| Fibonacci | 0.0504 | 0.0557 | 0.059 | 0.0643 | 0.0696 | 0.0728 | 0.0781 |
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