TRON Shows Gains Amid Broader Market Decline
Among the major cryptocurrencies, TRON (TRX) was the only token to see an increase, rising by 0.06% in a generally bearish market. This contrasted with the performance of other large-cap coins, which remained in negative territory. Solana, Ripple, Dogecoin, and Binance Coin all experienced declines, reflecting the broader altcoin market’s subdued sentiment.
On Tuesday, TRON stood out as the sole major token trending higher, while the rest of the large-cap tokens followed the market’s overall bearish trend. Bitcoin and Ethereum led the losses, and crypto analysts have warned that the current downturn may persist for some time.
Over the last 24 hours, TRON’s price increased by 0.61%, reaching $0.28215. According to Coinglass data, total liquidations for the day amounted to $47,240, with long liquidations at $19,780 and short liquidations at $27,460. In addition, there were $221.09 million in liquidations over the past 24 hours, with $145.33 million in long liquidations and $75.76 million in short liquidations, impacting 84,586 traders.
Retail sentiment around TRON remained in the ‘bearish’ territory, with chatter levels increasing from ‘normal’ to ‘high’ over the past day. This suggests that despite the token’s gains, investor confidence remains cautious.
Bitcoin and Ethereum Continue to Struggle
Bitcoin (BTC) and Ethereum (ETH) both saw declines, with the broader top-coins cohort remaining largely red. Bitcoin remained rangebound near $67,301.58, down 1.5% over the last 24 hours. Retail sentiment around BTC remained in the ‘bearish’ territory, accompanied by ‘low’ chatter levels over the past day. The largest cryptocurrency saw a total of $94.03 million in liquidations, with the biggest single liquidation order worth $11.21 million on Hyperliquid (HYPE).
Ethereum’s price was trading at $1,965.43, down 0.81% over the past day, with total liquidations totaling $50.78 million. Retail sentiment around ETH also remained in the ‘bearish’ territory, with chatter levels at ‘low’ over the past day.
On-Chain Data Indicates a Prolonged Bear Market
Crypto analyst Axel Adler Jr. has suggested that the current Bitcoin downturn is not just a short-term correction but the early stages of a prolonged bear cycle. He draws parallels to the period following the last bull market, which peaked between 2022 and 2024. Adler believes the market is transitioning from a phase where big holders were selling into strength to one where coins are gradually building up again over months or even years.
He points to on-chain data called Entity-Adjusted Liveliness, which measures whether long-term holders are spending or holding their Bitcoin. According to this metric, liveliness peaked after Bitcoin’s all-time high in October of last year. However, it continued to rise, peaking in December 2025.
Altcoin Market Remains Weak
Solana (SOL) traded at around $85.31, down 0.5% in the last 24 hours. Retail sentiment around Solana remained in the ‘bearish’ territory, with chatter at ‘normal’ levels over the past day.
Ripple’s XRP (XRP) traded at around $1.45, down 2.2% in the last 24 hours. Retail sentiment around XRP remained in the ‘bearish’ territory, with chatter at ‘low’ levels over the past day.
Dogecoin (DOGE) traded at around $0.09869, down 3.8% in the last 24 hours. Despite the decline, retail sentiment around Dogecoin remained in the ‘bullish’ territory, with chatter at ‘extremely high’ levels over the past day.
Binance Coin (BNB) traded at around $616.75, down 0.1% in the last 24 hours. Retail sentiment around BNB remained in the ‘neutral’ territory, with chatter at ‘normal’ levels over the past day.
Additional Insights
The broader crypto market continues to face challenges, with many investors bracing for a prolonged period of volatility. Analysts suggest that the current bear market may persist for an extended period, with no clear signs of a quick recovery.
For more updates and insights, stay tuned to ongoing developments in the crypto space.