🚀The cryptocurrency market fell 3.54% in the past 24 hours, with a monthly decline of 12.12%. Today's decline is consistent with continued negative sentiment and the trend of investors selling off risk assets. Key drivers of price action in the past 24 hours include:
1. Concerns about a Fed rate cut – Polymarket predicts the probability of a Fed rate cut in December has risen to 94%, triggering profit-taking.
2. Liquidation cycle – Bitcoin long positions were liquidated (62% increase per day), triggering a sell-off.
3. Shift from Altcoin to Bitcoin – Kevin O'Leary's warning that "most Altcoin will fail" has prompted investors to turn to Bitcoin.
💥Margin call alert:
In the past 24 hours, a total of 132,386 people across the internet have been liquidated, with a total of $418 million. Among them, long positions suffered a bloodbath ($349 million), and short positions were not spared either ($68.6448 million).
📊 Performance of major cryptocurrencies:
1. Bitcoin (BTC): Price approximately 89,689, down 3.09% in the last 24 hours.
Bitcoin needs to first stabilize above 89770 today, and hold this level for 1-2 hours before a rebound can officially begin. The next resistance levels to overcome are 91370, 92680, and 94155.
If the price fails to hold above 89770, it indicates a weak rebound and a likely continuation of the downward trend. The support levels to watch are 88000, 86230, and 84000.
2. Ethereum (ETH): Price around 3043, down 4.41% in the last 24 hours.
Ethereum's key level is 3033. Only if it can hold above this level within an hour can a rebound be considered possible. After that, the next target is 3065, 3107, and 3150.
If we can't break through 3033, the downtrend may continue. We need to hold the levels of 2978, 2915, and 2867!
3. BNB: Price around 887, down 2.02% in the last 24 hours.
Today, BNB's performance will depend on the 888 level. It needs to hold above this level for 1-2 hours before a rebound can begin, with upside targets at 901, 913, and 928.
If the 888 level fails to hold, it indicates insufficient rebound strength, and the next support levels to watch are 870, 857, and 844.
4. SOL: Price around 134, down 4.11% in 24 hours.
The key level for SOL is 133. It needs to hold above this level for 1-2 hours before a rebound can be expected. The next resistance levels are 137, 140, and 144, which need to be tested in sequence.
If it can't hold at 133, keep a close eye on the support levels of 130, 128, and 126 on the way down, or the market will get out of control!
🌡️Market Sentiment:
Today, the total market capitalization of cryptocurrencies is approximately $3.03 trillion, and the total trading volume in the past 24 hours is approximately $134.88 billion.
The current market sentiment is 22 (fear), remaining generally subdued due to ETF outflows, pressure on derivatives, and weeks of persistent panic. However, increased activity on social media regarding recovery-related topics suggests a potential recovery in market sentiment. Notably, a sustained "fear and greed index" above 30 could indicate a warming market sentiment.
Today's Crypto Gainers and Losers List 🔥
📈Top 3 Gainers :
1. LUNC: Price $0.00005484, up 70% in 24 hours.
2. LUNA: Price $0.1026, up 35% in 24 hours.
3. ACE: Price $0.268, up 23% in 24 hours.
📉Top 3 stocks with the largest declines :
1. SXP: Price $0.0592, down 17% in 24 hours.
2. BAT: Price $0.2473, down 17% in 24 hours.
3. VOXEL: Price $0.0272, down 16% in 24 hours.
✨Performance of other major cryptocurrencies :
Dogecoin (DOGE): Price $0.14017, down 5.38% in the last 24 hours.
Tron (TRX): Price $0.2862, down 0.59% in the last 24 hours.
Cardano (ADA): Price $0.4166, down 5.90% in the last 24 hours.
Hyperliquid (HYPE): Price $31.002, down 7.98% in the last 24 hours.
Avalanche (AVAX): Price $13.35, down 7.99% in the last 24 hours.
Stellar (XLM): Price $0.2415, down 4.55% in the last 24 hours.
Sui (SUI): Price $1.5557, down 5.91% in the last 24 hours.
Chainlink (LINK): Price $13.73, down 4.32% in the last 24 hours.
Hedera (HBAR): Price $0.13447, down 3.63% in the last 24 hours.
Bitcoin Cash (BCH): Price $566.3, down 2.33% in the last 24 hours.
Shiba Inu (SHIB): Price $0.00000832, down 4.81% in the last 24 hours.
Litecoin (LTC): Price $80.86, down 3.50% in the last 24 hours.
Pepe hiba Inu (PEPE): Price $0.00000442, down 7.14% in the last 24 hours.
Toncoin (TON): Price $1.584, down 0.50% in the last 24 hours.
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