According to the current liquidation map, the market is once again dominated by shorts. Based on the current Bitcoin price around $119,600, if the market fluctuates by another $2,000 upward to around $121,600, it is estimated that the cumulative liquidatable short amount could reach approximately $943 million. Conversely, if the market drops to around $117,600, the cumulative liquidatable long amount could reach approximately $1.772 billion. The Bitcoin spot ETF saw an outflow of $71.2 million yesterday, while the Ethereum spot ETF saw an inflow of $76.2 million.
The overall market direction indicates short-term fluctuations. From the current market trend, the overall market has entered a narrow range of fluctuations, with Ethereum and most altcoins also experiencing some corrections. Some altcoins have even begun to show signs of decline. I believe this round of market rise is nearing its peak, and we need to be cautious of the risk of significant corrections because the market cannot keep rising or falling indefinitely; this is a market principle. If a significant correction occurs, altcoins will decline even faster and more extensively. Tonight, pay attention to the release of US CPI data and news related to Trump.
Bitcoin's long and short battle! Ethereum ETF is attracting capital against the trend! Corrections are golden opportunities, and smart money has already positioned itself! These altcoins have surged 100 times!
PEPE
The price chart of PEPE coin has once again revealed a key technical signal - we have seen similar RSI (Relative Strength Index) crossover patterns multiple times before the coin price reached historical highs. This signal is typically composed of three colored lines and has previously indicated strong upward movements and the emergence of large bullish candles.
The current trend shows that PEPE coin seems to be at a critical point of breaking through a long-term consolidation pattern (triangle structure). If the breakout is successful, it is expected to initiate a new round of upward movement, possibly even refreshing historical highs.
AAVE
Aave aims to address the centralized barriers and idle capital issues in cryptocurrency by converting liquidity into a shared and transparent utility layer through on-chain collateral lending, flash loans, and other functions. Its V4 version has attracted attention due to its linkage with real-world assets. The current price is 308, showing a gradual upward trend.
The total locked value is approximately $28.8 billion, with a market cap to TVL ratio of only 0.15, and a trading volume to market cap ratio of 13.4%, indicating strong liquidity. Aave DAO and Chaos Labs have extended their cooperation to strengthen risk management and GHO support, ensuring the protocol's robustness.
SAND
Positive news for SAND includes new game releases, the SAND reward mechanism, and partnerships with Cirque du Soleil. However, whales holding 70% of the tokens may trigger volatility, and a decrease in active addresses and community activities needs attention. The current price is $0.298, with a market cap of $759 million and a 24-hour trading volume of $67.5 million.
The technical indicators show an increase in bullish momentum (MACD 0.0067), RSI7 is close to overbought (76.54), but the mid-to-long-term RSI is more balanced, and the price is above multiple moving averages, indicating a steady short-term trend.
SUI
This SUI has been recommended all the way, BTC has broken new highs, so when choosing altcoins, it's essential to pick those with good liquidity that are suitable for large funds to enter and exit.
SUI never misses a chance to rally whenever the market is active. Next, I will filter some altcoins that need to catch up, and then lay in wait. Don't wait until the altcoin peaks to FOMO in and buy.
