The crypto assets market is exhibiting a volatile trend, with Bitcoin trading in the range of 120 million KRW, showing a downward trend. According to major exchanges in South Korea, the current trading price of Bitcoin is 127.76 million KRW, down about 1% in the last 24 hours.
Market experts analyze that Bitcoin is currently in a short-term adjustment phase, indicating that technical indicators show that downward pressure may persist. In particular, the short-term moving average has fallen below the long-term moving average, and this bearish signal has led to a shrinkage in investor sentiment. Experts predict that if BTC cannot recover the 130 million Korean won mark, the likelihood of further decline is high.
Ethereum ( ETH ) is trading in the range of 4.3 million KRW, down 1.56%; Ripple ( XRP ) is reported at 2723 KRW, showing a fall of 1.65%. In contrast, Solana ( SOL ) maintains relative strength at 179,000 KRW, demonstrating the differentiation among altcoins in the market.
Global financial uncertainty and regulatory risks also put pressure on the market, and the decrease in trading volume reflects investors' wait-and-see attitude. Experts diagnose that Bitcoin is currently near major technical support levels, which may create a rebound opportunity, but at the same time, they call for a cautious investment attitude.
Market participants emphasize that risk management, diversification, and maintaining a long-term perspective are crucial strategies. They advise investors to avoid overreacting to short-term volatility and to develop strategies that consider the medium to long-term investment value.
TokenPost AI Notes
This article uses the language model based on TokenPost.ai for article summarization. The main content of the text may be omitted or differ from the facts.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
BTC 15-minute drop of 0.47%: On-chain capital outflows and insufficient order book depth resonate, amplifying selling pressure
2026-04-06 16:45 to 17:00 (UTC), BTC recorded a return of -0.47% within 15 minutes. The price fluctuation range was 69782.3-70351.7 USDT, with an overall amplitude of 0.81%. Market attention rose rapidly; trading volume expanded in the short term, volatility intensified, and investors’ risk appetite fell significantly.
The main driver of this unusual move was large outflows of on-chain funds and deep holders transferring BTC to trading platforms. Daily on-chain trading volume surged to approximately $37.4 billion, the highest in nearly 7 months. During the Americas trading session, the order book overall fl
GateNews2h ago
Bitcoin climbs above $70,000 as more contrarian bottoming signs emerge
Bitcoin's value surged past $70,000 amid a broader stock market rally, with a nearly 4% increase in 24 hours. Contrarian bulls highlight recent market signals, but uncertainty about the true bottom persists as mining companies sell off holdings.
CoinDesk3h ago
Over the past 24 hours, the entire network liquidated a total of $313 million, with short liquidations accounting for 86.6%.
According to CoinGlass data, on April 6, the total liquidation amount across the cryptocurrency market within 24 hours reached $313 million. Long positions totaled $41.9598 million, while short positions totaled $271 million, accounting for 86.6%. BTC and ETH liquidations were $158 million and $81.3885 million, respectively, for a total of 81,920 people being liquidated. The largest single liquidation was $4.1193 million on the Hyperliquid BTC-USD trading pair.
GateNews4h ago
3 Promising Cryptos to Watch Besides Bitcoin
Ethereum enables smart contracts and open financial access for global users.
Solana offers fast transactions and low fees for scalable decentralized applications.
Ripple supports fast, low-cost payments through an efficient consensus system.
Bitcoin often dominates headlines, but other c
CryptoNewsLand4h ago
