The market these past two days has been both surprising and delightful!
Surprise: Just yesterday, Bitcoin broke the new high of 120,000, only to be startled by an 'ancient fossil-level' giant whale. The impact on the market was significant, and Bitcoin once dropped below 120K, hitting a low of 115,000 dollars.
But to be honest, I don't think this is a bad thing. Whale selling is actually a signal of the bull market heating up. Once these old coins are sold, the average holding cost of the entire market will be raised.
Joy: Today Ethereum surged to 3180, performing remarkably, with the exchange rate approaching 0.027. The price firmly stood above the 3100 line, and nearly 200 million dollars flowed into ETFs. The sbet fund spent 413 million to buy ETH, and Cathie Wood went crazy sharing it; even PayPal partner and big VC Peter Thiel participated indirectly through Bitmine.
Some analysts even say Ethereum is set to replicate Bitcoin's performance from 2018 to 2021. If that's true, do you know what that means? That's a 1100% increase; if not now, then when?
Although Sol ETF just launched, its popularity is clearly overshadowed by ETH. The inflow amount for Sol has dropped from 7 million to 3 million, and then to 0 in the past few days, with the market focus slowly shifting to ETH.
From the Sol/ETH exchange rate, it was 0.088 in mid-April, now it's dropped to 0.05, indicating that funds have clearly switched from Sol to ETH. As long as ETH breaks its ATH, the altcoin season is likely to come.
Isn't this the familiar rhythm: BTC takes off → ETH takes the baton → Altcoins bloom all over.
Are you ready for this altcoin craze? The altcoin market is back: these few coins I’m focusing on!
BONK
#Bonk went crazy again, soaring over 15% in 24 hours, with trading volume exceeding 134 billion coins, directly breaking through the key levels of 0.000030 and 0.000032, and briefly surging to 0.00003343, setting a new high in recent months!
This round of increase is not only due to the market warming up, but also the full explosion of meme track sentiment, coupled with BONK being included in Grayscale's institutional watchlist, which is a significant recognition. The technical aspect continues to rise, with capital volume surging, and support moving up to 0.00003295, likely to challenge 0.000035 in the short term.
The meme leader in the Solana ecosystem, this wave is really leading the entire village.
PEPE
#PEPE has held up again! Over the past 24 hours, it has risen over 6%, fluctuating nearly 9% during the day, but every time it dips to around 0.0000126, funds come in to lift it, showing very solid short-term support.
Even more impressive, the daily trading volume has surpassed 4.6 trillion coins, while exchange balances have decreased by 2.6%, indicating that more and more people are choosing to hold rather than sell.
Not only is PEPE strong, but the entire meme sector's sentiment is also soaring, with the CDMEME index rising 7% in 24 hours, far exceeding mainstream coins. Currently, PEPE is under short pressure around 0.00001286, but the volume is good, with a chance to continue rising. This wave of frogs really can take a hit!
SOL
#solana This wave is even stronger! It surged 8.2% within the day, breaking through the middle line of the Bollinger Bands, and trading volume also increased by 36%, with market enthusiasm clearly heating up. RSI reached 61, not yet overbought, indicating there is still room to rise, with a short-term target set at 195 dollars.
In the derivatives market, SOL's open contracts reached 8.19 billion dollars, far surpassing other coins, with leveraged funds flocking in, and volatility may also increase. Strong support below at 145, as long as it holds, there is still potential in the market.
Don't forget, Q4 has heavy positive news - the Firedancer upgrade; pushing it to new highs is not a dream. If the market flows smoothly, Solana hitting 400 isn't just wishful thinking!
There's an ANI on-chain these days, everyone knows, Musk is calling it out like crazy!
$ANI is trending again! Musk frequently 'calls the shots', and the market capitalization briefly soared to 57 million, almost tripling in 2 days, directly surpassing $PUMP, with total trading volume entering the top five! This AI meme originated from Musk's xAI's virtual character #ANI, binding the Grok personalization feature, and became the topic center on the X platform as soon as it launched.
The latest on-chain data shows: there is a super large cluster control at 18.49%, and whale proportion at 2.99%. Currently, there is no red alert observed, but strong staking signs are evident, be sure to manage risks.
Recently, BONK has become the new meme base camp, with many strong projects choosing to launch here. $ANI is also part of the Letsbonk family, second only to $Useless. Behind this wave of enthusiasm, sentiment is high; don’t let FOMO cloud your judgment; the trading system is key.
$ANI, could it become the new leader in AI memes? Let's wait and see.
The real enemy in a bull market: it’s not the pullback, but yourself.
To be realistic - the hardest part right now is not picking coins but holding onto them.
Many people saw it go from 15K to 70K, but once they broke even, they started to panic, fearing a pullback, and ended up selling just as it shot up, trying to chase back but getting stuck at high positions.
The hardest part of a bull market is holding back your hand and keeping your heart steady.
