Today's Crypto Market: When Caution Dominates Trader Psychology

Today (July 24, 2025), the crypto market is showing some quite interesting signals. From a price action analysis perspective that Al Brooks and Bob Volman taught me, we're seeing a typical consolidation phase after recent strong rallies.

Bitcoin: Sideways Movement in Key Zone

Bitcoin is currently trading around $117,980-119,300, down slightly 0.5-1.5% over the past 24 hours. What's notable is the quite wide intraday range, from $117,500 up to $123,800, showing the market is still in a phase of seeking direction.

From my analysis experience, Bitcoin oscillating around the $120,650 level - the average equilibrium point - shows buyers and sellers are in a balanced state. This isn't a sign of weakness but rather natural consolidation after prices have risen strongly.

Altcoins: Clear Divergence

Ethereum dropped about 3% to the $3,600-3,650 range, a larger correction than Bitcoin. This is quite normal as ETH typically has higher volatility than BTC during uncertain periods.

Other major altcoins like SOL and BNB also corrected slightly following the general trend. This is a typical risk-off phenomenon when traders move from higher-risk assets to safe havens like Bitcoin.

Market Cap: Still Holding at Peak Levels

Total market capitalization still fluctuates around $3.9-4.0 trillion, near historical highs. Bitcoin's 24-hour trading volume reached $67-75 billion - quite an impressive figure showing liquidity remains good and there are no signs of panic selling.

Factors Affecting Market Psychology

Geopolitical instability is creating an overlay of uncertainty on the market. Border tensions between Cambodia and Thailand, along with changes in Fed policy, are all factors making traders more cautious.