Altcoins are facing a crucial test after the broader crypto market experienced a sharp selloff triggered by leveraged liquidations. Ethereum, the second-largest cryptocurrency, slipped below the $4,200 level, signaling weakness across the sector. Meanwhile, Solana and several other major altcoins shed more than 10% of their value within hours, underscoring the speed and intensity of the correction.

This wave of liquidations has fueled debate among investors and analysts about whether the market is entering a deeper corrective phase or simply resetting before another leg higher. With billions of dollars wiped from altcoin valuations in a single session, the event has heightened uncertainty and left traders on edge.

Top analyst Maartunn highlighted that the Altcoin flush accelerates , po

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