Worry nonetheless hangs over altcoin season, however the sharp fringe of panic has softened. The Crypto Worry and Greed Index is now 25, a modest restoration from November’s plunge close to 10, but the temper stays unsettled, and merchants proceed to maneuver with hesitation somewhat than conviction.
Bitcoin sits simply above $91,000 after falling steadily from yesterday’s $92,000, marking a 2% lower over 24 hours.
Altcoins transfer inside that very same heavy local weather. Most massive names sit within the crimson at this time, liquidity stays current, however flows lean towards protection, and new cash prefers short-dated trades as a substitute of lengthy commitments.
Towards that background, Zcash is among the few in style tokens in constructive territory, whereas Ethereum, Solana and Hyperliquid observe the downtrend, which supplies a clear snapshot of the place capital nonetheless experiments and the place it pulls again.
Bitcoin And Sentiment After November’s Shock
Bitcoin continues to dictate the tone. Derivatives screens present a discount in leverage throughout each lengthy and quick positions, whereas spot flows lean towards sellers who proceed to trim publicity after a number of weeks of regular declines.
Worth motion carries the look of a market nonetheless trying to find stability, not one prepared for a fast reversal.
Bitcoin Worth (Supply: CoinMarketCap)
Ethereum, Solana, and Hyperliquid Observe The Pullback
Main altcoins observe that route. Ethereum is buying and selling close to $3,090 after falling by roughly 2.5% in 24 hours, with order e book exercise exhibiting extra provide than demand at present ranges. Solana sits close to $134 after a 5.5% drop, extending the cooling that started as soon as merchants lowered publicity to excessive beta belongings.
Hyperliquid is buying and selling round $31, down by about 8%, and exercise on its perpetual pairs has slowed in contrast with the tempo seen in early November. These strikes collectively present how broad the retracement stays, at the same time as volatility cools relative to final week.
Zcash Holds A Bounce After Its November Peak
Zcash breaks from the development. ZEC is buying and selling close to $384, up by about 10% in 24 hours, marking one of many few good points throughout massive liquid names. The token had fallen steadily from its November peak close to $700, but latest market information present extra lively positioning at present ranges and sufficient liquidity throughout venues to help a modest rebound.
Zcash@Zcash shared a collection of updates protecting key developments throughout the ecosystem. Highlights embody:
• @ZcashFoundation launched its Q3 2025 report, highlighting engineering progress and the launch of the Shielded Help Initiative to help privacy-preserving digital support… pic.twitter.com/Nc06Yo759I— Home of ZK (@HouseofZK) December 2, 2025
The transfer doesn’t kind a brand new upward development by itself, nevertheless it demonstrates the way in which privateness centered tokens can draw curiosity throughout quieter, defensive phases when merchants seek for belongings with a historic sample of occasional outperformance.
What This Part Means For Altcoin Season
The present market nonetheless lacks the circumstances for a broad altcoin season. Sentiment has improved from final week’s excessive lows, but positioning stays conservative, and flows proceed to pay attention in bigger, extra liquid belongings.
Till Bitcoin can stabilize over an extended stretch and macro uncertainty eases, rotation is prone to keep slender and sporadic. For now, the market sits in a section the place remoted tokens can rise on their very own dynamics, however the general setting nonetheless leans towards warning somewhat than a full danger restoration.
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