The cryptocurrency market is currently exhibiting a strong bearish structure, with 67.9% of the top 56 cryptocurrencies trading below their 20-day, 50-day, and 200-day moving averages. This indicates a widespread downtrend across the market. Only 5.4% of these cryptocurrencies are in a complete bullish alignment, where the 20-day moving average is above the 50-day, which in turn is above the 200-day. Key cryptocurrencies such as Bitcoin and Ethereum are trading significantly below their respective moving averages, with Bitcoin closing at $87,567.98 and Ethereum at $2,942.53. Other major cryptocurrencies like Solana, XRP, and Dogecoin also show similar bearish patterns, reinforcing the overall negative sentiment in the market. However, a few exceptions like Bitcoin Cash and TNSR show a bullish alignment, trading above all three moving averages.