🚀The cryptocurrency market rose 1.14% in the past 24 hours, extending its weekly gain of 4.07%. Mixed market sentiment and active derivatives trading were the main drivers of this rally.
1. Short squeeze effect – $76 million worth of Bitcoin was liquidated within 24 hours (a 68% increase), 80% of which was due to short positions.
2. Layer 1 Momentum – Solana (SOL) and Ethereum (ETH) user growth data became the hottest topics on social media.
3. Options Expiration Volatility – $23.8 billion worth of Bitcoin options expired on December 26, causing the price of Bitcoin to hover around $95,000.
💥Margin call alert:
In the past 24 hours, a total of 93,481 people across the internet have been liquidated, with a total of $200 million. Among them, long positions suffered a bloodbath ($94.6564 million), and short positions were not spared either ($106 million).
📊 Performance of major cryptocurrencies:
1. Bitcoin (BTC): Price approximately $88,590, up 0.91% in the last 24 hours.
Bitcoin's key focus today is the 88,000 level! As long as it doesn't fall below this number during a pullback, the market still has upward momentum. The next resistance levels to watch are 89,430, 90,580, and 91,510.
If the price accidentally falls below 88,000, the market will weaken, and we need to keep an eye on the three support levels below: 87,175, 86,370, and 85,270!
2. Ethereum (ETH): Price around 2958, up 0.6% in the last 24 hours.
Today's key level for Ethereum is 2940, remember this number! If it pulls back but doesn't break through, the bullish outlook remains intact, with resistance levels at 2993, 3035, and 3078.
If the price falls below 2940, the market will likely stop and continue to decline. The support levels to watch are 2915, 2888, and 2850.
3. BNB: Price around 840, down 0.26% in the last 24 hours.
Today, keep a close eye on the 838 level for BNB in the short term! As long as the 1-hour candlestick chart doesn't break below this level, this short-term rebound can continue. The resistance levels to watch are 850, 861, and 870.
If the 1-hour closing price falls directly below 838, then this rebound will be completely wiped out. Quickly check the support levels below: 828, 818, and 801.
4. SOL: Price approximately 122, up 0.46% in 24 hours.
Whether SOL can achieve a rebound in the first hour depends on the key level of 122! If it holds above this level, the rebound will continue, with resistance levels at 124, 126, and 128.
If the 1-hour closing price falls below 122, the rebound scenario is immediately invalidated, and the next support levels are 119, 117, and 115!
🌡️Market Sentiment:
Today, the total market capitalization of cryptocurrencies is approximately $3.05 trillion, and the total 24-hour trading volume is approximately $90 billion.
The current market sentiment is 21 (fear), indicating generally low market sentiment and a prevailing risk aversion. Overall, this extreme fear suggests the market is under pressure and faces high short-term risks, but may indicate a reversal opportunity for value investors. It is recommended to combine specific market and fundamental analysis with decision-making, rather than relying solely on the sentiment index.
Today's Crypto Gainers and Losers List 🔥
📈 Top 3 Gainers:
1. DCR: Price $20.20, up 30% in 24 hours.
2.0G: Price $1.068, up 24% in 24 hours
3. YB: Price $0.4386, up 13% in 24 hours.
📉 Top 3 decliners:
1. NEWT: Price $0.1051, down 15% in 24 hours
2. IDEX: Price $0.00973, down 14% in 24 hours.
3. AVNT: Price $0.3413, down 14% in 24 hours.
✨ Performance of other major cryptocurrencies:
Dogecoin (DOGE): Price $0.12529, down 2.08% in the last 24 hours.
Tron (TRX): Price $0.2799, down 0.18% in the last 24 hours.
Cardano (ADA): Price $0.3517, down 2.03% in the last 24 hours.
Hyperliquid (HYPE): Price $25.253, up 2.28% in the last 24 hours.
Avalanche (AVAX): Price $12.42, up 1.47% in the last 24 hours.
Stellar (XLM): Price $2128, down 0.8% in the last 24 hours.
Sui (SUI): Price $1.3973, down 1.03% in the last 24 hours.
Chainlink (LINK): Price $12.34, up 0.24% in the last 24 hours.
Hedera (HBAR): Price $0.11288, up 0.55% in the last 24 hours.
Bitcoin Cash (BCH): Price $599.8, up 4.28% in the last 24 hours.
Shiba Inu (SHIB): Price $0.00000717, down 1.10% in the last 24 hours.
Litecoin (LTC): Price $77.2, up 0.34% in the last 24 hours.
Pepe hiba Inu (PEPE): Price $0.00000401, down 0.50% in the last 24 hours.
Toncoin (TON): Price $1.515, down 0.85% in the last 24 hours.
