🚀In the past 24 hours, the cryptocurrency market rose 1.45%, roughly in line with last week's 0.59% gain, but below the sideways movement of the past 30 days. Key factors driving market volatility include increased Altcoin rotation, active derivatives trading, and the introduction of a significant regulatory policy.
1. Tax Policy Hopes: The White House has indicated it may eliminate taxes on cryptocurrency transactions, which would support Layer 1 tokens such as ETH and SOL.
2. Altcoin Volatility: The Altcoin seasonal index has risen 63% in the past 30 days; ETH short positions face a $2.95 billion liquidation risk.
3. Impact of derivatives trading: Open interest increased by 10.8%, financing rates rose, and BTC liquidation increased tenfold.
💥Margin call alert:
In the past 24 hours, a total of 74,677 people across the internet have been liquidated, with a total of $164 million. Among them, long positions suffered heavy losses ($68.3414 million), and short positions were not spared either ($95.6953 million).
📊 Performance of major cryptocurrencies:
1. Bitcoin (BTC): Price approximately 91,910, up 1.35% in the last 24 hours.
Bitcoin's key level today is 91350. If it holds above this level during a 1-2 hour pullback, the bulls remain in control. Resistance levels are at 92475, 93700, and 94750; watch for profit-taking signals if these levels are reached.
If the price falls below 91350, this short-term rally will completely end, and a correction will officially begin! Support levels below are 90350, 89300, and 88150. Take your positions in batches and don't rush.
2. Ethereum (ETH): Price around 3159, up 2.06% in the last 24 hours.
Ethereum is currently locked at 3135. As long as the price retraces to this level on the 1-2 hour chart and doesn't break it, the bullish momentum remains intact. If it continues to rise, the resistance levels are 3180, 3225, and 3265.
Once the 3135 level is breached, the short-term upward trend will reverse immediately, with support levels at 3095, 3055, and 3006 on the way back. It is safer to proceed cautiously step by step.
3. BNB: Price around 907, down 0.68% in the last 24 hours.
BNB was incredibly strong yesterday, but it did experience a slight pullback overnight. Today, the key level to watch is 909. If it can close firmly above this level on the 1-2 hour chart, then this pullback will be over. The next resistance levels to watch are 917, 925, and 939.
If the price fails to close above 909, it indicates that the short-term rebound is merely a "show" and lacks strength. The price will likely test support levels again, with targets at 898, 886, and 875.
4. SOL: Price approximately 142, up 4.56% in 24 hours.
SOL suddenly surged this morning, breaking through the previous high of 143 before slightly retreating. Today, pay close attention to the 141 level. If it holds above this level on the 1-2 hour chart, the bullish momentum remains strong. Resistance levels are at 144, 146, and 149.
If it falls below 141, then this short-term rally will be completely over, and a pullback will begin. The support levels to watch are 139, 136, and 134!
🌡️Market Sentiment:
Today, the total market capitalization of cryptocurrencies is approximately $3.22 trillion, and the total trading volume in the past 24 hours is approximately $8.5 billion.
The current market sentiment is 26 (fear), oscillating between cautious optimism and technical risks, while the derivatives market hints at an upward trend. The $88,000 gap at the CME for Bitcoin warrants close attention, as filling this gap could trigger on-chain liquidation. Additionally, policy developments such as US cryptocurrency tax regulations could also influence market sentiment.
Today's Crypto Gainers and Losers List 🔥
📈 Top 3 Gainers:
1. BIFI: Price $236.3, up 17% in 24 hours.
2. FXS: Price $0.858, up 14% in the last 24 hours.
3. RES: Price $0.00606, up 14% in 24 hours.
📉 Top 3 decliners:
1. POL: Price $0.1522, down 16% in 24 hours
2. HYPER: Price $0.1424, down 12% in 24 hours.
3. BREV: Price $0.3360, down 11% in 24 hours.
✨ Performance of other major cryptocurrencies:
Dogecoin (DOGE): Price $13951, up 0.02% in the last hour.
Tron (TRX): Price $0.2979, down 0.73% in the last 24 hours.
Cardano (ADA): Price $0.3941, up 0.82% in the last 24 hours.
Hyperliquid (HYPE): Price $24.951, up 2.04% in the last 24 hours.
Avalanche (AVAX): Price $13.88, up 0.51% in the last 24 hours.
Stellar (XLM): Price $0.2252, down 1.27% in the last 24 hours.
Sui (SUI): Price $1.8141, up 0.10% in the last 24 hours.
Chainlink (LINK): Price $13.37, up 1.06% in the last 24 hours.
Hedera (HBAR): Price $0.11760, down 0.53% in the last 24 hours.
Bitcoin Cash (BCH): Price $629.3, down 3.21% in the last 24 hours.
Shiba Inu (SHIB): Price $0.00000853, down 1.61% in the last 24 hours.
Litecoin (LTC): Price $79.24, down 2.55% in the last 24 hours.
Pepe hiba Inu (PEPE): Price $0.00000594, down 0.50% in the last 24 hours.
Toncoin (TON): Price $1.743, up 0.40% in the last 24 hours.
