Large institutions are all watching and waiting. Since the blatant manipulation on October 11th, which wiped out most retail investors, capital has been slowly unloading its holdings. Unlike the first half of the year when funds flocked in and frantically pushed up prices, the current market manipulators are ruthless in fleecing retail investors, causing margin calls every day. Their rhythm is to lure in more buyers, then sell, then lure in more buyers, then sell! Before, they would trigger margin calls every few days, but now they are openly robbing without any attempt to hide it.
Retail investors' mentality has changed, from "turning 100,000 into 1 million" to "quickly recovering losses and preventing further losses." 2025 has passed just like that. I really hope the market will be gentler in 2026 and not be so cruel!
In the past 24 hours, a total of 76,744 people across the internet have had their accounts liquidated, with a total liquidation amount of $140 million. Long positions were liquidated for $75.0825 million and short positions for $65.0199 million.
Today's market update:
BTC
Bitcoin is currently facing resistance around 88,000 on the 1-hour chart. If it can close above this level, it may form a support-resistance reversal and test the resistance levels of 89,100 and 90,100 . If it fails to break through and turns downward, then the key support levels to watch are 85,800 and 83,600 .
ETH
Regarding Ethereum support, continue to monitor the 2835 and 2730 levels . The first resistance level to watch is the 3015-3020 area; a break above this level could lead to a challenge of 3150. A pullback is possible near this level, so be cautious.
SOL
As previously analyzed, Solana rebounded from the 120-121 support zone. If the price falls back to around 120, since this support has already been tested once, the strength of the second test may be weaker. Opportunities to enter long positions again around 118 and 115 can be considered. A break above the 126 resistance level is needed; otherwise, upward momentum will be limited.
BNB
Today, NB is watching the 842 level. If the price can hold above this level on the 4-hour chart, the rebound is likely to continue, with resistance levels around 853, 861, and 870. If the 4-hour closing price falls below 842, the rebound may have ended, with support levels around 835, 820, and 801 .
In conclusion, the current daily chart shows a consolidation phase, but a collapse is not yet imminent, and prematurely turning bearish is illogical. However, the form of the next upward move remains unknown—whether it will be a direct surge or a subsequent dip to gather liquidity before a rapid rebound. Only the market can tell.
The limited on-chain meme height and its core problem of weak liquidity are:
Whales entering or leaving the market cause huge fluctuations and excessive slippage, so they prefer to trade on centralized exchanges (CEXs). Only when the pool is deep enough will CEXs actively buy on-chain, reducing whale losses and leveraging the hype to raise the market capitalization ceiling. This is precisely the most pressing pain point that on-chain memes need to address.
Do you all remember Pangu $FIST? With strong consensus and a deep pool, it reached a market value of tens of billions by perfectly solving the problem of whale entering and leaving the market!
$SPSC
Yesterday, SPSC successfully broke through the downtrend line and retraced before continuing its upward trend, smoothly jumping from a market capitalization of 4 million to 7 million. The rationale was that Bet365 launched a USD1 investment program, and the price movements of 1 and $SPSC / $FKH were quite good. I chose the relatively strong and relatively light-weight SPSC, and it successfully rose from 4 million to 7 million. It's better to be lucky than early.
$MARU
EDGE's meme token, Maru, has a market capitalization of $278 million, which is impressive in this market and exceeded my expectations. More importantly, Maru's market capitalization is directly comparable to EDGE's own token. EDGE is roughly 10 times the market capitalization of Maru, with EDGE's own token estimated at $2.7 billion.
$FST
FST has started to move; the big players are about to stir things up. We need to lay in wait; a big green candle could take off at any moment.
$ZEC
I shorted around the current price of 446, let's see if it can continue its upward trend. This coin has been overhyped and the frenzied surge of November is completely gone. The initial target is 367, with a stop-loss at 480. Don't chase the price higher!
