The BTC price fell below 96,000 last night, causing concern among many participants, who began to frequently operate to chase the rise and fall, fearing a big drop.
However, from the on-chain data, the current trend is still positive, with large amounts of BTC continuously flowing out of exchanges. From November 19 to 25, just on BN, more than 12,000 BTCs flowed out, indicating that large capital is still accumulating.
In terms of BTC ETFs, $190 million flowed in last Thursday and $500 million flowed in on Friday.
So don't worry, the bull market won't keep rising forever, there's no daily rise, and when the market corrects, you have to hold on.
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The key word is two words: hold on. This round of US policy bull market is very crazy, don't ask if you can still buy when it's already surging, bury yourself when it hasn't surged yet to get big returns.
Next week is Thanksgiving, and the financial market has historically performed relatively well during the Thanksgiving period, after all, who wants to fall flat on their face during the holidays? It is expected that the US stock market, including the crypto market, will continue to fluctuate upwards.
This week there are no particularly important events, Tuesday's FOMC minutes and Wednesday's PCE, which will also affect the basis for the next rate cut!
FTX has confirmed that it will launch a restructuring plan in early next year
And it is expected to start distributing about $16.5 billion in compensation to previous users, which means these are direct compensation to small investors, and how will these small investors who are in the bull market hold these compensation funds?
The market will welcome another wave of liquidity from the old crypto users, so don't be afraid of the correction, and it's also an opportunity for us to get on board when clearing positions.
SAND soared 100% in two days, the old public chain collectively awakened
The figure below shows the 24-hour performance of the top 100 tokens, where you can see that SAND (up over 100% in the past two days) and MANA, two old metaverse concept coins, have seen amazing gains recently.
Performance of various sectors in the past week
According to Artemis data, in the past seven days in the blockchain sector:
The sector with the highest average gain of 36.4% is Data Availability (Celestia, Dymension, but there are fewer tokens in this category)
The second is Gaming at 25.4% (SAND, AXS, MANA...)
The third is the old public chain at 22.1% (ADA, VeChain, IOTA...)
How to judge market hype and new tracks?
You can pay attention to the dynamics of Binance, CB, US macroeconomic situation, mainstream media and US stock market hotspots, as well as the comments of crypto celebrities, find corresponding narrative projects in the crypto market and analyze them, and keep up with the market hype trend. The market is always right.
New tracks such as Depin, RWA, Payfi, BTCfi have emerged in the past one or two years, and you should pay attention to whether there are similar projects that have gained the favor of large capital.
The hype of DOGE and PNUT in the past month is an example, even if you can't predict it, you can still seize the opportunity by following up in time, after all, PNUT didn't happen overnight.
The most worthwhile tracks and coins to watch out for now
1. MEME sector
Doge
I've always been bullish and have been on board, with Musk's hype and huge capital inflows, showing strong momentum.
2. Ethereum ecosystem
Uni
The decentralized exchange leader, with a stable position, market volatility does not affect its long-term potential. The public chain will be launched later this year, and node operators need to stake UNI, which will be used as the gas of the public chain.
Ldo
Liquidity mining has its own characteristics, low market cap but strong liquidity, worth watching, ssv, Pendle and other Ethereum ecosystem projects each have their own characteristics, involving finance and mining.
3. Sol ecosystem
Ray
A decentralized stable currency protocol with strong competitiveness and great growth potential, jup, jto and other new stars in the Sol ecosystem, involved in finance and games.
4. AI sector
Arkm: Using AI technology to provide the market with intelligent investment solutions, professional and reliable.
5. Public chain sector
ADA:
One of the representatives of the third generation public chain, with large inflows, ADA's initial launch was due to the relationship between the founder and Trump's campaign team, and it has broken through the $1 mark for the first time since April 2022.
Sui
Sui is a Move-based public chain known for its high-performance transaction processing, with a strong architectural update and growth momentum.
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