🚀The cryptocurrency market rose 3.5% in the past 24 hours. This surge was mainly driven by short covering and institutional buying, a stark contrast to the stagnant performance of the stock market.
1. Short squeeze: $244 million worth of Bitcoin was liquidated (91% of which were short positions), triggering forced buying as prices rose.
2. Regulatory optimism: Progress has been made on the Clarity Act (to be voted on January 27), and tax exemption applications have boosted confidence.
3. Institutional Demand: BitMine demonstrated its long-term confidence by staking 186,000 ETH ($625 million).
💥Margin call alert:
In the past 24 hours, a total of 125,492 people across the internet have been liquidated, with a total of $686 million. Among them, long positions suffered a bloodbath ($92.6949 million), and short positions were not spared either ($593 million).
📊 Performance of major cryptocurrencies:
1. Bitcoin (BTC): Price approximately 95,087, up 3.23% in the last 24 hours.
Bitcoin is closely watching the key level of 95,000 today! As long as this support holds firmly, the bullish trend will remain intact, with subsequent resistance levels at 96,855, 98,160, and 99,800.
Conversely, if the price falls below 95,000, a pullback will begin on the 1-hour chart, with support levels at 93,510, 92,350, and 91,120. Pay attention to these levels as needed.
2. Ethereum (ETH): Price around 3342, up 6.76% in the last 24 hours.
Ethereum's 1-hour chart is currently consolidating at the bottom, with a close watch on 3314! If this level holds, the bulls will still have the confidence to push higher. The resistance levels above are 3383, 3445, and 3490.
If the price accidentally falls below 3314, the market will immediately weaken, and a 1-hour level pullback will begin. The next support levels to watch are 3270, 3210, and 3170!
3. BNB: Price around 939, up 2.88% in the last 24 hours.
BNB's key level today is 940! If this level holds, the bullish trend is as solid as a rock, with resistance levels at 955, 970, and 985.
If the price falls below 940, a pullback signal will immediately appear on the 1-hour chart. Support levels to watch are 929, 917, and 907. Don't miss out!
4. SOL: Price approximately 144, up 3.20% in 24 hours.
SOL's lifeline today lies at 144! If this level holds, the bulls can continue their upward momentum, with resistance levels at 148, 152, and 157.
If 144 fails to hold, a 1-hour pullback will begin immediately. Keep an eye on the support levels at 141, 137, and 134!
🌡️Market Sentiment:
Today, the total market capitalization of cryptocurrencies is approximately $3.34 trillion, and the total trading volume in the past 24 hours is approximately $17.8 billion.
Current market sentiment is 47 (neutral), indicating cautious optimism. Technical breakouts and increased trading volume are positive signals, while derivatives leverage and social media sentiment are mixed. Whether Bitcoin can hold above 94,000 is crucial; a break below this level could trigger on-chain liquidations, while a break above 96,500 could exacerbate FOMO (fear of missing out).
Today's Crypto Gainers and Losers List 🔥
📈 Top 3 Gainers:
1. Binance Life: Price $0.2566, up 44% in 24 hours.
2. AXS: Price $1.324, up 41% in 24 hours.
3. DASH: Price $62.26, up 35% in 24 hours.
📉 Top 3 decliners:
1. PROM: Price $6.986, down 16% in 24 hours
2. GNS: Price $0.945, down 7% in 24 hours
3. BIFI: Price $202.4, down 7% in 24 hours.
✨ Performance of other major cryptocurrencies:
Dogecoin (DOGE): Price $0.14856, up 7.03% in the last hour.
Tron (TRX): Price $0.3042, up 1.74% in the last 24 hours.
Cardano (ADA): Price $0.4269, up 9.13% in the last 24 hours.
Hyperliquid (HYPE): Price $26.091, up 7.45% in the last 24 hours.
Avalanche (AVAX): Price $14.72, up 7.21% in the last 24 hours.
Stellar (XLM): Price $0.2457, up 9.98% in the last 24 hours.
Sui (SUI): Price $1.8523, up 3.25% in 24 hours.
Chainlink (LINK): Price $14.10, up 6.74% in the last 24 hours.
Hedera (HBAR): Price $0.12741, up 9.46% in the last 24 hours.
Bitcoin Cash (BCH): Price $615.1, up 0.90% in the last 24 hours.
Shiba Inu (SHIB): Price $0.00000884, up 2.91% in the last 24 hours.
Litecoin (LTC): Price $79.23, up 3.39% in the last 24 hours.
Pepe hiba Inu (PEPE): Price $0.00000673, up 15.04% in the last 24 hours.
Toncoin (TON): Price $1.774, up 1.49% in the last 24 hours.
