According to @CoinMarketCap, BTC fell 5.38% and ETH dropped 5.89% this week as the total crypto market cap slid to $3.44 trillion, marking a clear risk-off shift for traders (source: @CoinMarketCap). Multiple $400–500 million long liquidations hit derivatives markets, signaling heavy deleveraging across majors and heightened volatility risk for momentum strategies (source: @CoinMarketCap). Funding rates turned negative on top pairs, indicating bearish pressure in perpetual swaps and a tilt toward short positioning across majors (source: @CoinMarketCap). In DeFi, Uniswap triggered a market jolt with a fee switch proposal alongside a 100 million UNI token burn, a combination that can materially alter UNI’s supply-demand dynamics and protocol revenue flows (source: @CoinMarketCap). The post also flags controversy around Monad’s token sale, adding headline risk to newer L1 narratives during a risk-averse tape (source: @CoinMarketCap).