The crypto market continues to adjust today. The total market capitalization is approximately $3.27 trillion, down 0.8% over the past 24 hours, with a trading volume of $14.95 billion. The market sentiment index remains in the cautious zone at 41.

BTC is currently trading at $92,600, down 1.5% in 24 hours, with a market cap of $1.84 trillion. On-chain dominance remains stable at 56.6%. From a technical perspective, key support levels are around $90,000-$92,000, with resistance concentrated in the $94,000-$95,000 range.

Interestingly, ETH is performing counter to the trend, priced at $3,255, up 0.7% over 24 hours, with a market cap of approximately $392.9 billion and a dominance of 12%. This resilience is notable amid the overall market pressure.

In terms of sectors, there is uneven performance. JASMY leads the gains, rising 27% to $0.0095, with RSI reaching 79, indicating an obvious overbought condition. BREV also surged 25% briefly, reportedly related to expectations of being listed on Upbit. Meanwhile, other altcoins are collectively correcting: ADA down 3.2%, ZEC down 2.8%, and XLM dropping the most at 4.7%. Notably, ATOM, after six consecutive days of gains, has started to pull back, falling 2%.

The stablecoin ecosystem continues to evolve. USDC's market cap is expected to grow significantly by 2025, with a 73% increase to $75.12 billion, surpassing USDT for two consecutive years in growth rate. USDT's current market cap is $186.6 billion, up 36% in the same period. This reflects a shift in market demand towards compliant stablecoins.

From sector rotation, DePIN and AI-related assets perform relatively well, rising 0.04% and 1.06% respectively, making them among the few resistant-to-downturn assets. In contrast, most Layer1/2 ecosystems and DeFi sectors are weakening.

In terms of on-chain leverage, the 24-hour liquidation volume is $4.36 million, a 3% increase from the previous period. However, there are no signs of panic selling, and leverage and momentum indicators remain neutral.