🚀The cryptocurrency market rose 1.01% in the past 24 hours, but the overall trend presents a mixed picture. Key factors:
1. Spot trading recovers – Spot trading volume increased by 12.1%, inversely to the trend of derivatives trading volume.
2. Institutional investors' capital accumulation - the movements of whale and the inflow of funds into ETFs indicate strategic positioning.
3. From fear to caution – market sentiment has improved slightly (fear index: 21 → 27).
💥Margin call alert:
In the past 24 hours, a total of 84,575 people across the internet have been liquidated, with a total of $193 million. Among them, long positions suffered a bloodbath ($73.1927 million), and short positions were not spared either ($120 million).
📊 Performance of major cryptocurrencies:
1. Bitcoin (BTC): Price approximately 88236, up 0.51% in the last 24 hours.
Today, the key level to watch for Bitcoin is 87580. As long as it retraces and holds above this level, the short-term bullish trend remains strong and it is expected to continue its upward momentum. Resistance levels to watch are around 88670, 89450, and 90370.
If the price falls below 87580, the market will weaken (a minor pullback will begin), with support levels to watch around 86650, 85220, and 83830.
2. Ethereum (ETH): Price around 2983, up 1.13% in the last 24 hours.
Ethereum's daily resistance is in the 3030-3050 range. A short position could be considered if it rebounds to this level; currently, it's advisable to remain on the sidelines. A stop-loss order should be placed at 3100, where additional positions can be added. The initial downside target is 2930-2900.
If the price breaks below this support range, the minor rebound may be coming to an end, with further support levels to watch at 2775, 2700, and 2600.
3. BNB: Price around 854, up 1.23% in the last 24 hours.
BNB's daily resistance level is in the 870-880 range. A rebound to this level could present a small shorting opportunity; currently, it's recommended to wait. Set a stop-loss at 900, and consider adding to the position. The first downside target is 845.
If the price breaks below this range, the minor rebound may end, and further support levels to watch are 820, 800, and 790.
4. SOL: Price approximately 126, up 1.72% in 24 hours.
SOL's daily resistance level is in the 129-133 range. A rebound to this level could present a shorting opportunity, but it's not advisable to trade at this time. Set a stop-loss at 135, and consider adding to the position. The initial downside target is 123.
If the price breaks below this level, the minor rebound may have come to an end. The next support levels to watch are 119-116 and 110.
🌡️Market Sentiment:
Today, the total market capitalization of cryptocurrencies is approximately $3.05 trillion, and the total 24-hour trading volume is approximately $170 billion.
The current market sentiment is 17 (extreme fear), indicating a predominantly fearful market with no clear direction. Although cryptocurrency prices have risen, this aligns with the improved Fear & Greed Index, with trading volume down 19% and BTC ETF holdings decreasing by 4.6% over the past week. Institutional funds haven't flowed in significantly, failing to support the current price increase.
Today's Crypto Gainers and Losers List 🔥
📈Top 3 Gainers :
1. SOPH: Price $0.01756, up 45% in 24 hours.
2. ANIME: Price $0.00698, up 30% in 24 hours.
3. SSV: Price $3.889, up 23% in 24 hours.
📉Top 3 stocks with the largest declines :
1. PROM: Price $7.516, down 10% in 24 hours.
2.HOME: Price $0.01876, down 9% in 24 hours
3. TURBO: Price $0.001791, down 7% in 24 hours.
✨Performance of other major cryptocurrencies :
Dogecoin (DOGE): Price $0.13153, up 2.89% in the last 24 hours.
Tron (TRX): Price $0.2791, down 0.25% in the last 24 hours.
Cardano (ADA): Price $0.3741, up 2.21% in the last 24 hours.
Hyperliquid (HYPE): Price $24.757, up 3.54% in the last 24 hours.
Avalanche (AVAX): Price $12.33, up 3.53% in the last 24 hours.
Stellar (XLM): Price $0.2206, up 2.41% in the last 24 hours.
Sui (SUI): Price $1.4699, up 2.85% in 24 hours.
Chainlink (LINK): Price $12.60, up 1.78% in the last 24 hours.
Hedera (HBAR): Price $0.11134, up 2.40% in the last 24 hours.
Bitcoin Cash (BCH): Price $597.1, up 1.55% in the last 24 hours.
Shiba Inu (SHIB): Price $0.00000746, up 1.36% in the last 24 hours.
Litecoin (LTC): Price $77.01, up 1.60% in the last 24 hours.
Pepe hiba Inu (PEPE): Price $0.00000408, up 5.43% in the last 24 hours.
Toncoin (TON): Price $1.484, up 1.99% in the last 24 hours.
