A sharp drop in trading volume for major altcoins like Ethereum and SOL suggests waning investor interest and risk aversion. It may signal a broader market correction or capital rotation out of cryptocurrencies. Low volume often precedes increased volatility, as fewer orders can lead to larger price moves.
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On August 14, Bitcoin broke through $124,500 and then corrected. As of a certain time, it fell to $121,868. Compared with historical corrections, this correction range is relatively small. For example, in 2025, Bitcoin once fell from around $98,000 to below $75,000, with a decline of more than 30%.
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Impact on the cryptocurrency market valuation system: Ethereum's price breakthrough has driven the total market capitalization of cryptocurrencies to a new high, which may re - evaluate the valuation system of the cryptocurrency market. It makes the market more confident in the value of cryptocurrencies, and may attract more funds to enter the market, promoting the overall development of the cryptocurrency market.
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