The altcoin market experienced a fierce sell-off, with a daily market cap loss of approximately $50 billion. Excluding Bitcoin, the total market cap dropped to around $1.2 trillion. Mainstream tokens such as Ethereum, Solana, and Ripple saw significant weekly declines, with Monero dropping over 25%. Falling below key technical levels and approaching a high trading volume of $147 billion indicate that the market is actively risk-averse, and Bitcoin falling below $90,000 has intensified this trend. As momentum weakens and funds flow out of high-beta assets, altcoins still face the risk of further declines in the short term.