🚀In the past 24 hours, the cryptocurrency market fell 0.76%, reducing its market capitalization to $3.05 trillion, continuing its 4.75% decline this month. The main reasons for the price fluctuations are:
1. Leveraged position liquidation – BTC liquidation increased by 758% to $59 million, forcing long positions to be liquidated.
2. Concerns about Ethereum – Layer 2 solutions charge 92% of the fees, while ETH only charges 8%.
3. Risk aversion intensifies – Bitcoin's market share rises to 58.54%, with funds fleeing other cryptocurrencies.
💥Margin call alert:
In the past 24 hours, a total of 116,809 people across the internet have been liquidated, with a total of $295 million. Among them, long positions suffered a bloodbath ($235 million), and short positions were not spared either ($59.8297 million).
📊 Performance of major cryptocurrencies:
1. Bitcoin (BTC): Price approximately 89,588, down 0.67% in the last 24 hours.
After briefly breaking through the first support level last night, the price rebounded. Today, keep an eye on 89500. If the 4-hour closing price fails to hold above this level, it indicates that the current hourly rebound was just a "false alarm," and the price may test lower levels again. Support areas to watch are 87700, 86150, and 84000.
Only a successful close above 89,500 would qualify this rebound as a "ticket" to potentially trigger a larger upward move. If so, watch for resistance levels around 90,430, 91,360, and 92,500.
2. Ethereum (ETH): Price around 3120, up 0.29% in the last 24 hours.
The market also bottomed out and rebounded overnight. Today, the key level to watch is 3100. If it can firmly hold this position, the 4-hour rebound is expected to continue, with resistance levels to watch at 3148, 3210, and 3265.
Conversely, if the price falls below the 3100 level, it means that this rebound may have "come to an end." Next, please pay attention to the support areas below, such as 3040, 2980, and 2915.
3. BNB: Price around 888, down 0.66% in the last 24 hours.
After touching the second support level last night, a rebound began. Today, 891 will be a key level to watch for strength or weakness. If the 4-hour chart fails to recover this level, it indicates insufficient rebound momentum, and the market may fall back to support levels at 870, 859, and 845.
Only if the price firmly establishes itself above 891 can the rebound be considered to have "gained momentum." The resistance levels to watch are 905, 915, and 928.
4. SOL: Price around 131, down 0.49% in the last 24 hours.
After testing the second support level overnight, the price rebounded, making 131 a key level today. If the 4-hour closing price fails to hold above this level, it indicates limited rebound strength, and further declines to support levels at 127, 125, and 123 are possible.
If the price can successfully break through and hold above 131, the rebound is expected to expand. The resistance levels to watch are 134, 136, and 139.
🌡️Market Sentiment:
Today, the total market capitalization of cryptocurrencies is approximately $3.14 trillion, and the total trading volume in the past 24 hours is approximately $96.7 billion.
The current market sentiment is 17 (extreme fear). Key indicators to watch are whether Bitcoin can hold above 89,000 (a short-term sentiment indicator), the 7.4% drop in traditional financial crypto ETP holdings (a reversal in fund inflows is needed to confirm institutional buying back), and the BTC/ETH market cap ratio of 4.75 (a drop below this could indicate a shift in funds towards Altcoin). Overall, the market is still in a wait-and-see phase, awaiting clearer signals.
Today's Crypto Gainers and Losers List 🔥
📈Top 3 Gainers :
1. GUN: Price $0.02169, up 27% in 24 hours.
2. FORM: Price $0.3467, up 21% in 24 hours.
3. FIS: Price $0.0293, up 13% in 24 hours.
📉Top 3 stocks with the largest declines :
1. AXL: Price $0.1310, down 17% in 24 hours.
2. NXPC: Price $0.4254, down 14% in 24 hours.
3. Santos: Price $1.530, down 10% in 24 hours.
✨Performance of other major cryptocurrencies :
Dogecoin (DOGE): Price $0.13673, down 0.92% in the last 24 hours.
Tron (TRX): Price $0.2810, up 2.52% in the last 24 hours.
Cardano (ADA): Price $0.4038, down 0.93% in the last 24 hours.
Hyperliquid (HYPE): Price $29.038, down 0.55% in the last 24 hours.
Avalanche (AVAX): Price $13.21, down 0.23% in the last 24 hours.
Stellar (XLM): Price $0.2325, down 1.69% in the last 24 hours.
Sui (SUI): Price $1.5701, down 1.51% in the last 24 hours.
Chainlink (LINK): Price $13.59, down 0.59% in the last 24 hours.
Hedera (HBAR): Price $0.11981, down 2.73% in the last 24 hours.
Bitcoin Cash (BCH): Price $565.4, down 1.99% in the last 24 hours.
Shiba Inu (SHIB): Price $0.00000820, down 0.97% in the last 24 hours.
Litecoin (LTC): Price $80.93, down 0.16% in the last 24 hours.
Pepe hiba Inu (PEPE): Price $0.00000430, down 0.92% in the last 24 hours.
Toncoin (TON): Price $1.562, down 2.56% in the last 24 hours.
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