cryptocurrency marketAs the end of the year approaches, sales pressure is intensifying. According to TradingView data, 75 of the 100 largest cryptocurrencies by market cap are trading below both the 50- and 200-day simple moving averages (SMA). Bitcoin 
$86,303.49With the decline in TL from 126,000 dollars to 87,000 dollars, capital outflows accelerated and risk appetite decreased significantly. On the other hand, the Nasdaq index continues its resilient stance with technology stocks.
A Fall Below Critical Averages Strengthens Signs of Risk
constituting the majority of the market Bitcoin, Ethereum 
$2,929.30, solana, BNB And XRP Major cryptocurrencies such as are trading in a technically weak zone. These five represent approximately 78 percent of the cryptocurrency market and determine the general direction on the charts. Falling below both short- and long-term averages reduces investors’ confidence in trend reversals and deepens the selling wave.
In technical analysis, the 50- and 200-day averages give important signals about market momentum. If prices fall below these levels, it indicates that medium-to-long-term momentum is weakening and a potential bear phase may expand. Currently 75th in the top 100 list cryptocurrencyThe fact that ‘s remains below this region signals a broad-based weakness in the market.
For comparison purposes Nasdaq 100In , only 29 stocks exhibit similar technical weakness. This difference shows that traditional technology stocks are still trending positively, but Bitcoin is Nasdaq It reveals that its correlation with may increase negative effects in possible declines.
Limited Number of Cryptocurrencies Remaining, Giving Oversold Signal
Only 8 of the 75 cryptocurrencies in the top 100 list Relative Strength IndexAccording to (RSI), it is in the oversold zone. these beings P.I., APT, ALGO, FLARE, VET, JUP, ROPE And KAIA are listed as. Although these altcoins, whose 14-day RSI value is below 30, technically signal “too much decline” in the short term, they show that the overall market has not yet reached the bottom levels.
For investors, this picture means that panic selling has not yet been fully experienced in the market. RSI The indicator operates on a range of 0-100, with values below 30 representing the oversold zone. However, since most major cryptocurrencies have not reached this region in the current situation, the downtrend is likely to continue.
According to analysts, broad-based SMA breaks and limited RSI signals weaken the expectation of a new recovery in the cryptocurrency market in the short term. This situation has become one of the main factors suppressing the risk appetite of both institutional investors and individual traders.
