GM! The crypto market is once again facing a day of turmoil, with panic emotions running high but opportunities lurking. Please keep this market newsletter and practical advice safe ~
1. The total market capitalization of cryptocurrencies is currently stable at $3.45 trillion, but the "80/20 split" is being extreme - Bitcoin's market share has surged to 60.0%, reaching a new high for the year! Behind this is a soaring risk aversion sentiment; compared to Bitcoin's resilience, altcoins are experiencing collective heavy losses, especially small coins lacking ecological support, which have generally dropped over 10%. Funds are accelerating back to core assets.
2. The Fear and Greed Index has plummeted to 20, entering the "extreme fear" zone! But veteran players understand that this value is often a key turning point for the market - either a "bottomless abyss" after emotional outbursts or a "golden pit" for a rebound. Given the unchanged expectations for Fed rate cuts and whales still quietly accumulating, blindly cutting losses is not advisable; we should be more vigilant about the recovery market after "panic selling."
3. Opportunities hide in chaos! Binance Alpha still has 2 airdrop benefits going live today; this kind of "certain income" is particularly precious in a volatile market ~ Remember to set your alarm to participate on time, use a small cost to seek risk-free returns, and hedge against market correction risks; this is also the most reliable way to make money in a bear market!