Odaily News: On October 13, according to SoSoValue data, the crypto market experienced a broad decline, with 24-hour losses generally ranging from about 2% to 7%. The RWA sector showed weakness, dropping 6.94%. Within the sector, Centrifuge (CFG) fell 11.47%, and Ondo Finance (ONDO) declined 9.60%. The AI sector dropped 6.25%, with Unibase (UB) falling 13.58% and Fetch.ai (FET) declining 10.55%, though Render (RENDER) bucked the trend with a 5.83% gain.
In addition, Bitcoin (BTC) fell 1.40%, briefly dropping to near $81,000 before recovering above $82,000; Ethereum (ETH) declined 2.91%, falling below $2,500.
In other sectors, the CeFi sector dropped 2.13% over 24 hours, with Aster (ASTER) falling 3.57%; the Layer1 sector declined 4.21%, with NEAR Protocol (NEAR) dropping 10.99%; the PayFi sector fell 4.40%, though Safe (SAFE) remained relatively resilient with a 16.60% gain; the Layer2 sector dropped 5.53%, with Starknet (STRK) plunging 27.26%; the DeFi sector declined 5.90%, with Ethena (ENA) falling 12.25%; the Meme sector dropped 6.04%, with Pons (PONS) declining 18.75%.
Crypto sector indices reflecting historical sector performance show that the ssiRWA, ssiLayer2, and ssiDeFi indices fell 7.59%, 6.70%, and 6.63% respectively.
Odaily reports, according to OKX market data, the ETH/BTC exchange rate fell below 0.03 for the first time since August 19, hitting a low of 0.02970, and is now at 0.02992.
According to Lookonchain monitoring, as the market declined, a certain address's 500,000 NEAR long position was completely liquidated, with the position valued at $2.64 million.
Odaily: Tom Lee posted on X that the sharp decline in the Korean stock market could spill over into the crypto market, citing broker margin liquidations and the fact that Koreans are major holders of crypto assets, and that the market will come under pressure in the short term.
Odaily reports: According to Hyperbot data, Machi Big Brother's current 25x leveraged long position of 3,500 ETH has an unrealized loss of approximately $415,600, with an average entry price of $2,545.84. The liquidation price of this position is $2,392.90, while ETH is currently trading at around $2,428.51, only about $36 away from forced liquidation.
Odaily reports: Crypto trader Bonk Guy posted on X platform that the recent market pullback has led some investors to question long-term holders, but unrealized gains and losses are not the same as realized gains and losses — profits or losses are only realized upon selling.
Unipcs believes that the real altcoin and Meme coin rally of this cycle has not yet begun, and advises investors to ignore short-term price fluctuations, continue holding or adding to their most confident investment targets, and avoid exiting prematurely before the anticipated rally arrives.
Odaily News: Bitcoin has fallen below $82,000, with altcoins experiencing significant declines. BOME dropped 30.04% in 24 hours, now trading at $0.000768; BLUR fell 29.48% in 24 hours, now at $0.01349; STRK declined 28.35% in 24 hours, now at $0.08599; PONS dropped 20.35% in 24 hours, now at $0.281; USELESS fell 16.82% in 24 hours, now at $0.16969; ENA declined 15.55% in 24 hours, now at $0.204; NEAR dropped 13.44% in 24 hours, now at $5.039.
