TechFlow news, on February 20, according to Cointelegraph, Real Vision analyst Jamie Coutts shared data showing that the market shakeout on February 7 caused 24% of the top 200 tokens to hit new 365-day lows—the highest level since August 5, 2024 (28%).
IntoTheBlock analyst Juan Pellicer noted that recent market adjustments have triggered widespread liquidations, particularly on Solana, causing the total crypto market cap to drop to $3.13 trillion. This suggests over-leveraged positions are being cleared and market capitulation may be occurring. However, considering tariff impacts and AI valuations (influenced by DeepSeek), the bull market could still persist, with the current correction likely representing pullbacks in certain tokens rather than a broader downtrend.
Brickken CEO Edwin Mata further pointed out that the meme coin frenzy is disrupting liquidity allocation across the market. Meme coins promoted by celebrities are distorting capital flows, drawing liquidity away from more established projects. This trend increases market volatility and makes traditional recovery patterns harder to predict.
