BTC is sucking blood and surging, approaching $100,000. The BTC-USD perpetual contract funding rate is 0.5. BTC's dominance has reached a new high of 61%, Altcoins are plummeting, and meme coins are leading the decline.
The price of Bitcoin (BTC) has continued to rise, currently breaking through $98,000 and is only one step away from the $100,000 mark. However, in contrast to BTC's strong performance, the Altcoins have clearly returned to their previous starting point, reminding us that precisely grasping the market rhythm is the key to investment.
In the market, the hot sectors are often the main concentration of trading volume, and exchanges and capital will naturally follow the hot spots. Therefore, the focus on hot spots is extremely important. However, it is necessary to note that when the focus is on a specific time, it means that you need to give up other opportunities. Trying to grasp all opportunities often backfires, and investment requires trade-offs and focus.
At present, the bearish force above Bitcoin is gradually dividing, and the main force, if they choose to continue to pull up and break through $100,000, it will still be easy. However, this stage is not suitable for aggressive chasing of long positions, and short-selling is also not recommended for actual operation, on the contrary, maintain a wait-and-see attitude and wait for the market to turn.
For Altcoin investors, the current stage can be gradually deployed, especially considering the positions that were reduced at high levels in the early stage, which can now be gradually re-entered. After all, many high-quality project-related points have already increased their retracement. Long-term Altcoin investors should continue to be patient and wait for Bitcoin to complete its peak, and then the capital will spill out, at which time the Altcoins will usher in an exciting performance opportunity. At the same time, it is recommended to pay attention to the catch-up opportunities of mainstream coins, which may be one of the focus directions in the future.
Bitcoin is sucking blood from Altcoins again! 3 MEME coins to watch after breaking $100K!
Doge
As a global meme coin, Dogecoin (Doge) has long been known for its strong community support and widespread market demand. Regardless of market changes, the Doge community has always remained active, and this strong cohesion has provided sustained support for the price.
If Doge can drive the recent upward trend and, with the overall market recovery or new hot spots, its target of breaking $1 is not out of reach. Historically, Doge has achieved explosive growth on multiple occasions driven by unexpected market sentiment, indicating that it is not only a meme token, but also a unique market cultural symbol.
PNUT
PNUT has quickly become the focus of investors' attention due to its association with the Musk concept and the current political hot spot of the Trump election. This background has enhanced the storytelling and appeal of PNUT, giving it the potential to be the subject of market hype.
Although PNUT may fluctuate in the short term due to market volatility, its heat may be further stimulated at key event nodes, especially under the influence of macroeconomic factors such as elections. Combining the high propagation of the Musk concept and hype topics, PNUT still has a lot of room for speculation at specific time points.
FLOKI
Recently, FLOKI has attracted widespread attention due to being included in Coinbase's coin price roadmap. As one of the top global exchanges, Coinbase's influence is not to be underestimated, and its support often significantly enhances the market recognition and liquidity of the related tokens.
With the spread of this news, the heat of FLOKI in the market has continued to rise. Investors generally expect that once Coinbase officially lists FLOKI, the token may usher in a strong price increase. Similar cases show that the support of large exchanges can often become a catalyst for the rapid growth of small-cap tokens.
