🚀 In the past 24 hours, the cryptocurrency market's total market value decreased by 4.3%, with a cumulative drop of 13.3% this week. The main reasons are as follows:
1.Leveraged Position Liquidation — Due to excessive use of derivatives leverage, Bitcoin worth $562 million was liquidated (up 131% in 24 hours).
2.Mt. Gox incident raises concerns — Bitcoin worth $936 million was transferred to repay creditors, raising concerns about Bitcoin oversupply again.
3.Cycle Skepticism — The claim about Bitcoin's "four-year peak" has been questioned, as the price has dropped 26% from the peak in October.
💥 Liquidation Alert:
In the last 24 hours, a total of 180,954 people across the network have been liquidated, totaling $1.008 billion, with long positions suffering heavily ($718 million), and short positions also facing difficulties ($290 million).
📊 Mainstream Coin Performance:
1.Bitcoin (BTC): Price around 90120, 24-hour decrease 5.28%
Today's key observation point for Bitcoin is 91600; if it can hold above this position, the hourly level rebound can be considered truly initiated. The pressure levels above can be watched at 93185, 94810, and 96020.
But if today it can't even stabilize above 91600, it indicates that the small level rebound strength is weak, and it may test the previous low of 89655 again. As long as it doesn't break below here, there is still a chance for a small level rebound; once it breaks below, pay attention to the support around 88300, 86800, and 85700.
2.Ethereum (ETH): Price around 3008, 24-hour decrease 5.54%
Ethereum's first resistance level for a rebound today is at 3005, holding here will enable an hourly level rebound trend, with resistance above at 3048, 3095, and 3158.
If today cannot stabilize above 3005, it indicates insufficient momentum for a small level rebound, possibly revisiting the previous low of 2942. If the previous low is not broken, there is still hope for a rebound; if it breaks below, the support levels to watch are around 2901, 2865, and 3835.
3.BNB: Price around 908, 24-hour decrease 2.66%
For BNB to initiate a rebound at the hourly level today, it must first stabilize at the 905 position, with resistance above at 918, 933, and 950.
If today fails to stabilize above 905, it indicates a weak rebound at a small level, and it may retest the previous low of 884. If it holds above the previous low, there is still a chance for a rebound; if it breaks below, the support levels to watch are around 870, 860, and 848.
4.SOL: Price around 135, 24-hour decrease 3.61%
The key position for SOL today is at 131; as long as it holds here, the hourly level rebound continues, with pressure above at 135, 139, and 143.
But if it breaks below 131 and cannot recover, this small level rebound may end, and attention should be paid to the support situation around 128, 125, and 123.
🌡️ Market Sentiment:
Today's total market capitalization of cryptocurrencies is approximately $3.09 trillion, with a total trading volume of about $230.97 billion in the last 24 hours.
Current market sentiment is 12 (extreme fear), and the sentiment remains pessimistic, primarily influenced by panic, deleveraging in derivatives, and macro events. However, the supply of stablecoins has increased by $20 billion, and Bitcoin's RSI-14 index has reached 35.91, in a neutral range, which may suggest that a bottom-fishing opportunity is forming.
Today's Crypto Gains and Losses 🔥
📈 Top 3 Gains:
1.DUSK: Price $0.0794, 24-hour increase 37%
2.RESOLV: Price $0.2148, 24-hour increase 24%
3.MINA: Price $0.1480, 24-hour increase 15%
📉 Top 3 Losses:
1.BANANAS31: Price $0.00325, 24-hour decrease 22%
2.LISTA: Price $0.2031, 24-hour decrease 16%
3.ALLO: Price $0.1797, 24-hour decrease 15%
✨ Other Mainstream Coin Performance:
Dogecoin (DOGE): Price $0.15449, 24-hour decrease 4.27%
Tron (TRX): Price $0.2898, 24-hour decrease 1.09%
Cardano (ADA): Price $4663, 24-hour decrease 5.26%
Hyperliquid (HYPE): Price $40.747, 24-hour increase 6.15%
Avalanche (AVAX): Price $14.52, 24-hour decrease 6.92%
Stellar (XLM): Price $0.2483, 24-hour decrease 3.27%
Sui (SUI): Price $1.6370, 24-hour decrease 4.32%
Chainlink (LINK): Price $13.45, 24-hour decrease 3.72%
Hedera (HBAR): Price $0.14514, 24-hour decrease 2.86%
Bitcoin Cash (BCH): Price $486.9, 24-hour decrease 0.29%
Shiba Inu (SHIB): Price $0.00000874, 24-hour decrease 2.56%
Litecoin (LTC): Price $94.02, 24-hour decrease 3.10%
Pepe hiba Inu (PEPE): Price $0.00000481, 24-hour decrease 2.04%
Toncoin (TON): Price $1.793, 24-hour decrease 1.81%
