Big moves like this usually reset leverage and bring cleaner price action after.

The CoinDesk 20 index witnessed a substantial drop of 9.3% as all constituents traded lower over the weekend. According to NS3.AI, Ethereum (ETH) led the decline, plummeting 13.9%, which contributed significantly to the overall downturn of the index. This widespread sell-off reflects a negative sentiment among the major cryptocurrencies included in the index.