Deep Dive
1. Bithumb Delisting Impact (Bearish)
Overview: Bithumb, a top South Korean exchange, confirmed CTXC’s delisting on December 29, 2025, citing concerns about the project’s transparency and failure to address prior warnings (MEXC).
What this means:
- Delistings often trigger panic selling as traders exit positions preemptively. CTXC’s 24h volume surged 102% to $5.4M, likely driven by forced liquidations.
- Reduced exchange support weakens liquidity and institutional interest, making the token more vulnerable to volatility.
What to look out for: Whether other exchanges follow Bithumb’s lead, which could accelerate downside momentum.
2. Technical Breakdown (Bearish)
Overview: CTXC trades at $0.0105, below all key moving averages (7-day SMA: $0.0108, 30-day SMA: $0.0146). The RSI-14 at 30.45 signals oversold conditions but lacks bullish reversal triggers.
What this means:
- Sustained trading below the 30-day SMA ($0.0146) confirms a long-term downtrend.
- Fibonacci retracement shows next support at $0.0097 (2025 low). A break below this level could invite speculative shorting.
3. Crypto Market Sentiment (Bearish)
Overview: The broader crypto market fell 0.22% in 24h, with Bitcoin dominance rising to 59.14% as investors retreat to safer assets.
What this means:
- Altcoins like CTXC underperform in “Bitcoin Season” environments. The CMC Altcoin Season Index sits at 18/100, reflecting minimal rotation into riskier assets.
- Fear & Greed Index at 27/100 discourages speculative buying, exacerbating CTXC’s liquidity crunch.
Conclusion
CTXC’s decline stems from project-specific risks (delisting, transparency issues) colliding with bearish technicals and a risk-off market. While oversold conditions could invite a short-term bounce, the lack of fundamental catalysts and exchange support skews risks downward.
Key watch: Monitor CTXC’s December 29 delisting on Bithumb for spillover effects – will holders migrate to other exchanges or exit entirely?