The price of Bitcoin has fallen for the third consecutive day, reaching its lowest level since November 11, 2024. During the adjustment process, Bitcoin briefly touched $82,256 before finding buyer support. However, market data shows that the price may further decline before stabilizing.
Market analysts point out that this sudden drop has surprised many investors, especially after Bitcoin hit a new all-time high this year, and many failed to adjust their investment strategies in time. Two pieces of news are revealed:
Good news: Although Bitcoin has plummeted by nearly 10%, most Altcoins outside the top 500 market cap have not seen significant declines, and some coins like IP, PI, and Kaito have even seen notable increases. This indicates that Altcoins have started to decouple from Bitcoin's downtrend and are moving more independently.
Bad news: The progress of this bull market will be slower, with more consolidation periods, and every day will be a test of investors' patience and decision-making.
The current market panic is rare, and it is recommended to take the opportunity to position, especially for the chance to break even in the second half of the year.
$FET has experienced a significant correction recently, falling 40% in the past 30 days, with its market cap dropping to $1.58 billion, far below the $5 billion high in December 2024, reflecting the overall sluggishness of AI cryptocurrencies.
Although the downward pressure has not subsided, $FET has fallen another over 9% in the past seven days, but whale capital has started to become active. Data shows that the number of addresses holding 100,000 to 1 million $FET increased from 394 on February 18 to 403 on February 25, reaching a new high since January 31.
Some analysts believe that whales increasing their holdings during the price decline may indicate that the market is in a bottoming-out phase, but there are also views that $FET price may still face pressure until the market sentiment improves.
LINK
$LINK has fallen over 13% in the past week, with its market cap dropping below $10 billion, falling out of the top 10 cryptocurrencies by market cap. The long-regarded blue-chip $LINK is facing significant challenges, with the price remaining below $24, indicating a bearish market trend.
However, the behavior of whales shows different signals. The number of addresses holding 100,000 to 1 million $LINK increased on February 25, from 577 on February 4 to 578, indicating that whales may be regaining confidence.
Market experts point out that if the whale accumulation trend continues, it may provide support for $LINK to break through the $24 resistance level and help the price rebound. Technical analysis shows that $LINK is currently at a critical support level, and the intervention of whales may lay the foundation for a rebound.
SOL is becoming more and more useless, but the market makers' actions are not diminishing!
Let's take a look at a new Solana platformSuper (on-chain)
The token $SUPER of the Super platform is currently in the initial stage of price manipulation. Its characteristics include a relatively slow curve and difficulty in early price control. Users must trade other cryptocurrencies to obtain points in order to purchase $SUPER, and 50% of the platform fees will be used to buy back $SUPER, through limited purchases, fee burning, and internal and external pool price manipulation.
The economic model of $SUPER includes a deflationary mechanism, where each transaction will reduce the token supply, helping to drive up the price. Additionally, the internal and external pool strategy may gradually increase the price through the internal pool, attracting external investors to enter the liquidity pool, posing a certain market manipulation risk.
This model is similar to a Ponzi scheme, where early entrants' capital supports the price increase for later participants, with high-risk characteristics that may raise questions of a "Ponzi scheme" or "rug pull". In the short term, $SUPER is indeed in the initial stage of price manipulation, and investors willing to take high risks can participate in small amounts, but need to closely monitor price and trading volume changes.
Returning to the spot market, the recommended coins are:
BTC, ETH, SOL, LTC, ENS, AVAXMetis, Rune, Pnut, Act, Sats
The first six are mainstream coins, Metis is a mainstream public chain, and the current coin price is close to the cost price. Rune, Pnut, Act, and Sats are high-control coin types, with the main force continuously accumulating at the bottom.
Trading view: Short-term operations still need to be cautious, set stop-loss orders, and consider trend trading if you can accurately catch the bottom. Do not blindly follow others, or you may be left without "ammunition" when the market truly takes off.
That's it for today's article. Currently in a bull market, with turbulent developments, we have cryptocurrency recommendations to share every day. If you don't know how to navigate the bull market, feel free to follow us. We can share spot market strategies and positioning tactics to help you improve your win rate and avoid being trapped at high prices.
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