🚀The cryptocurrency market fell 0.55% in the past 24 hours, bringing the cumulative decline for the week to 1.63%. Weak institutional inflows, reduced leverage in derivatives, and Altcoin sell-offs were the main reasons for this decline.
1. ETF outflows – $952 million flowed out of cryptocurrency funds last week, reversing the previous trend of inflows.
2. Reduced leverage – Open interest decreased by 5%, indicating that investors reduced their risk.
3. Altcoin weaken – Highly volatile tokens (such as BEAT) led the decline, losing 38% of their value.
💥Margin call alert:
In the past 24 hours, a total of 84,009 people across the internet have been liquidated, with a total of $224 million. Among them, long positions suffered a bloodbath ($169 million), and short positions were not spared either ($54.9122 million).
📊 Performance of major cryptocurrencies:
1. Bitcoin (BTC): Price approximately 87,026, down 0.57% in the last 24 hours.
Bitcoin's 87,500 level is a key level to watch today! If the rebound falters and fails to hold, it indicates a weak market, and we should expect to see support levels at 86,540, 85,220, and 83,830, gradually moving down one level at a time.
Conversely, for a strong rebound to materialize, the price must hold above 87500 for at least 1-2 hours before a true rebound can be considered underway! Once it holds, the next resistance levels are 88250, 88920, and 89600; a step-by-step approach is necessary to break through these resistance levels.
2. Ethereum (ETH): Price around 2934, down 0.94% in the last 24 hours.
Ethereum's key level today is 2950! If it can't break through, then the bears are still in control, and the weakness remains unchanged. The support levels to watch are 2900, 2865, and 2815 – a multi-layered defense.
Are the bulls trying to fight back? They must recapture and hold the 2950 level for at least 1-2 hours! Only after establishing a firm foothold can they look towards the next targets of 2987, 3025, and 3078. The pressure is immense; let's see if they can break through.
3. BNB: Price around 839, down 1.18% in the last 24 hours.
BNB's 845 level is crucial today! If it can't hold above this level, the market will continue to weaken, looking for support at 836, 820, and 801. Pay attention to these potential support levels.
Want to see the sunshine? You must step on 845 and hold it for 1-2 hours! Once you've secured your position, the next resistance levels are 853, 861, and 870. Challenge them one by one.
4. SOL: Price around 121, down 2.03% in 24 hours.
Today, 123 is a critical level for SOL! If the rebound fails to break through and hold above this level, the weak trend will continue. Support levels below are at 121, 117, and 112; pay attention to these potential levels.
A true rebound signal is a firm hold above 123 for 1-2 hours! Once confirmed, the resistance levels above are 124, 126, and 128, and each step will be a test.
🌡️Market Sentiment:
Today, the total market capitalization of cryptocurrencies is approximately $3.05 trillion, and the total trading volume in the past 24 hours is approximately $110 billion.
Current market sentiment is at 25 (fear), indicating generally low market sentiment and a prevalence of risk aversion. However, derivatives data shows that leverage is declining. A rise in the Fear & Greed Index above 40 would signal a significant market recovery. Furthermore, Bitcoin's market share is also worth noting; a drop below 58% could indicate that funds are shifting to other cryptocurrencies.
Today's Crypto Gainers and Losers List 🔥
📈 Top 3 Gainers:
1. AVNT: Price $0.3852, up 36% in 24 hours.
2. ZBT: Price $0.0928, up 30% in 24 hours.
3. ACT: Price $0.0388, up 19% in 24 hours.
📉 Top 3 decliners:
1. NIL: Price $0.0636, down 17% in 24 hours.
2. LUMIA: Price $0.109, down 13% in 24 hours.
3. ASR: Price $1.491, down 12% in 24 hours.
✨ Performance of other major cryptocurrencies:
Dogecoin (DOGE): Price $0.12742, down 2.40% in the last 24 hours.
Tron (TRX): Price $0.2824, down 0.49% in the last 24 hours.
Cardano (ADA): Price $0.3568, down 2.27% in the last 24 hours.
Hyperliquid (HYPE): Price $23.856, down 1.70% in the last 24 hours.
Avalanche (AVAX): Price $11.99, down 1.80% in the last 24 hours.
Stellar (XLM): Price $0.2140, down 0.70% in the last 24 hours.
Sui (SUI): Price $1.4056, down 1.81% in the last 24 hours.
Chainlink (LINK): Price $12.18, down 1.30% in the last 24 hours.
Hedera (HBAR): Price $0.10897, down 2.00% in the last 24 hours.
Bitcoin Cash (BCH): Price $573.6, down 1.48% in the last 24 hours.
Shiba Inu (SHIB): Price $0.00000703, down 1.68% in the last 24 hours.
Litecoin (LTC): Price $75.91, down 1.09% in the last 24 hours.
Pepe hiba Inu (PEPE): Price $0.00000388, down 1.77% in the last 24 hours.
Toncoin (TON): Price $1.462, up 0.55% in the last 24 hours.
