Cryptocurrency Market Overview - Leading cryptocurrencies experienced a cooldown amid uncertainty regarding potential market bottoms [1] - Bitcoin's trading volume decreased by 22% over the past 24 hours, while its market share narrowed to 58% [2] - Ethereum's dominance fell to 10.5%, although it managed to recover losses after an initial sharp decline [2] Market Liquidation and Sentiment - Over $240 million was liquidated from the market in the last 24 hours, primarily affecting bullish long traders [2] - Bitcoin's open interest fell by 2.39%, aligning with the correction in spot price, while "Extreme Fear" sentiment prevailed in the market according to the Crypto Fear & Greed Index [3] Market Capitalization and Performance - The global cryptocurrency market capitalization reached $2.26 trillion, reflecting a 3.02% increase over the last 24 hours [4] Market Bottom Indicators - Ethereum's Market Value to Realized Value (MVRV) ratio was noted at 0.78, historically indicating potential market bottoms when below 0.80 [6] - On-chain analytics firm CryptoQuant projected Bitcoin's bottom to occur between June and December this year, with September to November identified as a historical "sweet spot" [7]