Crypto sectors slide: ETH down >6%, only SocialFi holds up
Crypto market sectors fell broadly on 24-hour data from SoSoValue. Ethereum (ETH) led losses, dropping 6.15% to below $2,300. Bitcoin (BTC) fell 1.21%, slipping under $78,000. Most sectors declined: Layer1 -1.77%, Layer2 -1.36%, DeFi -1.93%, CeFi -2.24%, PayFi -2.92%, Meme -0.12%. SocialFi was the lone resilient sector, up 0.58%. Notable token movers: zkSync (ZK) surged 13.62%, Zora (ZORA) +4.73%, Chiliz (CHZ) +4.02%, Toncoin (TON) +0.52%, MemeCore (M) +4.79%, MYX Finance (MYX) +14.41%, Ultima (ULTIMA) +19.93%, Binance Coin (BNB) down 2.49%, Canton Network (CC) +4.73%. Sector indices showing gains included ssiSocialFi (+1.20%), ssiMeme (+1.14%), and ssiRWA (+0.17%). The report is market information and not investment advice.
Bearish
Broad sector declines led by a >6% ETH drop and BTC dipping below $78k point to increased short-term selling pressure. Most major sectors (Layer1, Layer2, DeFi, CeFi, PayFi) posted losses, which typically reduces overall market liquidity and risk appetite. Although pockets of strength—SocialFi, zkSync (ZK), MYX, Ultima—show selective rotations into smaller-cap or narrative-driven tokens, these moves resemble short-term sector rotations rather than a sustainable bullish shift. Historically, sharp ETH pullbacks often precede increased volatility across altcoins and elevated liquidations among leveraged positions, exerting further downward pressure short-term. For traders: expect higher volatility, favor tight risk management, reduced leverage, and look for confirmation (volume support, sector index rebounds) before re-entering long positions. In the medium to long term, unless macro catalysts or on-chain demand reasserts, the market remains vulnerable; selective opportunistic trades in outperforming small-caps are possible but carry elevated risk.