Amid a broader market downturn led by Bitcoin (BTC), the Bitcoin L2 solution Citrea (CTR) has listed on major domestic exchanges Upbit and Bithumb. While listings on large local exchanges often triggered short-term decoupling rallies during past bull markets, this time the trend has been different.

Data from the last 24 hours shows CTR falling by approximately 5.24%, a sharper decline than the 2.19% correction seen in Bitcoin over the same period. The 24-hour volatility is quite high at 15.5%, suggesting that instead of sustained liquidity inflows, there is strong friction between speculative selling and profit-taking pressure following the initial listing.

The crypto market is currently facing significant macro selling pressure, including large-scale liquidations and ETF outflows. This highlights how, in the current macro environment, even major positive news like a listing on a domestic exchange struggles to withstand the market-wide correlation pressure.

While the high volatility of newly listed assets may create temporary trading opportunities, a conservative approach is necessary until overall market sentiment recovers. For now, it is advisable to monitor both the additional trading volume trends in the KRW market and whether Bitcoin maintains its price support.