According to the current liquidation map, the market is overall dominated by long positions. Based on the current Bitcoin price around $114,100, if the market fluctuates by $2,000 up or down and rises to around $116,100, it is expected that approximately $800 million of short positions could be liquidated. Conversely, if the market falls to around $112,100, it is expected that approximately $740 million of long positions could be liquidated.
The market direction is primarily oscillating sideways. From the current market trend, there seems to be a slight rebound overall, and Ethereum and altcoins are also rebounding. However, the overall rebound strength is limited; I personally believe the market will continue to oscillate sideways, with operations focused on short-term/breakout strategies. Additionally, pay attention to the CPI data release this week.
Bottom-fishing 3 altcoins with a potential 100x increase!
1.NEAR
The NEAR Protocol is a modern blockchain platform designed to support open networks and build a robust digital economy. It implements sharding technology for effective scaling and provides a seamless experience for developers and users.
NEAR tokens power the network, processing transactions, staking, and governance. Since its mainnet launch, NEAR has become one of the top Layer 1 blockchains and continues to steadily develop and improve its technology.
Recently, NEAR has performed strongly in the market, rebounding from a low of $2.52 on July 30 to 31, ultimately closing at $2.73, achieving a robust 8.27% rebound driven by high trading volume.
Currently, the price has soared to $2.42, rising by 3.41% in the past 24 hours. Additionally, NEAR has increased by 14% in the past 30 days, with 18 trading days showing an upward trend, demonstrating strong momentum.
The technical outlook is mixed. The RSI is at 40.68, indicating that the token is facing some pressure. Market sentiment remains somewhat positive, with the fear and greed index at 55, in the 'greed' range.
Overall, NEAR continues to solidify its strong fundamentals while showing signs of short-term market changes. With active development and increasing usage, it remains a project worth paying attention to in the crypto space.
2.INJ
Injective is a fast and powerful Layer 1 blockchain built for decentralized finance (DeFi). It features built-in spot and derivatives trading capabilities, allowing users to trade on-chain directly through a fully decentralized order book. The platform is designed to resist MEV (miner extractable value) and supports cross-chain trading while ensuring transactions are secure and lightning fast. Since its mainnet launch, Injective has processed over $10 billion in trading volume and currently supports hundreds of dApps within its growing ecosystem.
Recently, Injective completed its Ethernia mainnet upgrade, introducing the world's first real-time EVM blockchain. This upgrade enhances the platform's instant finality, ultra-low fees, and native IBC (inter-chain communication) support. For developers, this means more powerful features and flexibility to build advanced high-speed DeFi applications with built-in MEV protection. This leap has made Injective a leader in the real-time finance space.
Injective has also performed outstandingly in terms of performance. Its annual revenue exceeds $14.1 million, outperforming many well-known Layer 1 blockchains such as Polkadot, Cardano, and Near. The current trading price of the asset is $12.78, up over 4.43% in the past day.
3.JUP
Jupiter (JUP) is a decentralized trading platform based on the Solana blockchain. It is known for its powerful swap aggregation engine, which helps users find the best token prices within Solana's DeFi ecosystem. As a key component of Solana's liquidity infrastructure, Jupiter plays an important role in ensuring transactions are smooth, fast, and efficient.
Recently, Jupiter made a significant upgrade to one of its core tools, Jupiter Verify. The latest version, Verify v4, brings faster approval speeds, easier-to-follow rules, and a more streamlined new token verification method. This upgrade adds features such as status tracking, smarter social signal checks, six clear audit categories, and faster audit options.
The goal is to protect users from scam tokens and fraudulent projects while keeping the listing process simple and reliable. Jupiter also stated that it will continuously improve the system based on community feedback.
As of the time of writing, the price of JUP is $0.45, having risen 3.3% in the past 24 hours. Additionally, Jupiter has seen 17 days of increases over the past 30 days, showing some consistency. The liquidity is robust, with a 24-hour trading volume to market capitalization ratio of 0.0851.
Technical signals point to a bearish trend, but the fear and greed index is at 55, indicating moderate market confidence. With ongoing updates and strong community support, this project remains worth watching.
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