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Bitcoin’s steady consolidation near $120,000 has fueled a rally in major altcoins like Ethereum and Solana, but analysts warn of short-term exhaustion. Signs of selling pressure and leveraged positions suggest a potential correction, though macro drivers like Fed rate cuts keep long-term optimism alive.
- Ethereum's ask skew and sell order buildup hint at a short-term reversal after its strong rally.
- Solana's record open interest suggests over-leveraged positions, increasing liquidation risks.
- Macro factors like Fed rate cuts and global liquidity trends support long-term crypto bullishness despite near-term pullback signals.
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