Today (November 12) the latest trends and highlights in the cryptocurrency market. Overall, the market has experienced a collective decline, but subsequent signs of stabilization have emerged, with bullish and bearish viewpoints diverging.

Here are the overviews of several major cryptocurrencies:

Cryptocurrency Latest Trends (November 12) Key Points

Bitcoin (BTC) once fell below $103,000, with an intraday decline of nearly 3%. Short-term holders faced significant selling pressure; however, it has found support around $100,000, and early signs of a bullish reversal have appeared.

Ethereum (ETH) fell below $3,410, with an intraday decline of over 4%. Technical performance is strong, and analysis shows it still maintains a robust bullish trend in the short term.

XRP has declined with other altcoins, falling over 5% while in a narrow trading range; if it can hold the key support level, it may welcome a bullish trend.

SOL, DOGE, BNB all fell over 5%, showing a short-term bearish correction trend in the decline.

📉 Major Market Dynamics

In addition to price fluctuations, the following dynamics are key to understanding the current market:

· Large-scale liquidations: In the past 24 hours, intense market volatility has led to nearly 150,000 liquidations, with a total liquidation amount of approximately $506 million, where bullish long positions accounted for over 75%. This reflects the significant risks of leveraged trading amid volatility.

· Analysis of selling reasons: This round of decline is generally considered to be due to profit-taking, macroeconomic uncertainty, and institutional portfolio adjustments rather than a fundamental collapse. Data shows this is one of the most intense selling waves since 2025, with some later investors panic selling because prices failed to stabilize above the $110,000 cost level.

· Diverging market outlook:

· Optimistic signals: Some analysts point out that the short-term holder MVRV (Market Value to Realized Value) ratio of Bitcoin has rebounded from a low point, which is a positive signal. If maintained, it may drive prices to recover in the range of $115,000 to $120,000.

· Cautious viewpoint: On the other hand, institutions like Glassnode believe that Bitcoin's upward prospects are "limited," and the market needs more time to confirm whether the $100,000 to $108,000 range can form effective medium-term support. #美国结束政府停摆 #币安HODLer空投ALLO #美国政府停摆