A short-term sell-off swept the market. After breaking through a new high, Bitcoin was weak in the follow-up and ushered in a demand-driven correction. The price fluctuations directly reflected the market sentiment.
In the past 24 hours,
Bitcoin fell more than 3%.
The price fell below the support level of 12000.
Shanzhai stocks also generally followed the decline.
There is no sign of stopping the decline at the moment.
This also shows that the selling force in the market is dominant.
Reasons for the decline:
1. The negative news about Japan's interest rate hike is coming.
Every time the Bank of Japan raises interest rates,
The crypto market will trigger a sharp short-term correction.
Because, the yen interest rate hike will lead to the appreciation of the yen.
Thus triggering a flight of high-risk assets from the crypto space.
Flowing into yen or higher-yielding assets.
2. Weakening investment sentiment and large-scale market liquidation.
The king of understanding did not mention the crypto space after taking office.
Leading to a decline in optimistic market sentiment.
In addition, a large amount of leverage accumulated from previous market sentiment needs to be liquidated.
From the data, in the past 24 hours.
Over 107,000 people in the market have been liquidated.
The liquidation amount reached 1.825 billion.
3. Liquidity within the market is exhausted.
The king of understanding and his wife have taken to issuing tokens for harvesting.
Has siphoned off the limited funds in the market.
Along with the uncertainty of the new policies from the king of understanding.
Has triggered a sharp sell-off in the market.
Making an already parched market even more strained.
However, this pullback should not make everyone overly pessimistic.
Continuing yesterday's thought.
A pullback is a normal market expectation requirement.
A brief pullback is not necessarily a bad thing.
However, the big players see this as another opportunity to re-enter and replenish their positions.
Looking back at the past four years of Spring Festival holidays.
Bitcoin will also see varying degrees of increase.
The growth rate for 2021 is 16.3%.
The growth rate for 2022 is 11.8%.
The growth rate for 2023 is 1.4%.
The growth rate for 2024 is 9.6%.
If nothing unexpected happens, the Spring Festival of 2025 will still follow this trend.
However, whether altcoins can stage a strong rebound.
The key is still to look at Ethereum.
Recently, Ethereum has been heavily criticized.
Fans of the Ethereum community have jumped out one after another.
Criticism of the Ethereum Foundation's inaction.
They say they are too conservative.
Moreover, the foundation's finances are not transparent.
Communication with the community is severely disconnected.
Has led to Ethereum stagnating.
Severely harming the interests of fans.
As a result, Vitalik was furious.
On one hand, it was proposed to rectify the foundation.
On one hand, calling on the community to stop pressuring the foundation.
As a major holder of Ethereum, Sun has also stepped forward to publish a statement:
It is said that if Ethereum were in his hands.
The price can at least operate above $10,000.
I believe that after such a ruckus.
We will soon see Ethereum's rise.
In addition, the king of understanding also facilitated: OpenAI, Oracle, SoftBank yesterday.
The three giant companies have set up a project.
"Interstellar Gate" AI energy project.
The plan is to invest $500 billion.
If the plan can be implemented.
Then the market's turning point will appear.
The second half of the bull market will unfold with AI as the main narrative.
2. Market hot spots:
1. The AI sector has seen big increases in Pippin, Lumo, Buzz, Sora, Moby, DogeAI, etc. Pippin has just opened its source framework. Lumo is an AI platform specifically for the SOL chain, recently holding a hackathon. Buzz is the AI champion of the SOL hackathon.
DeFi. Sora is a voice assistant, Moby is a whale monitoring robot similar to AIXBT, and DogeAI is a political meme of a conspiracy group.
2. The public chain SOL has risen weekly. The SOL/BTC exchange rate has strengthened, and the income ratio from crypto applications (which is the on-chain GDP): SOL chain accounts for 55%, ETH chain accounts for 20%, and Base chain accounts for 10%.
3. The meme's Trump and Fartcoin have dropped weekly. Some say Trump's emotional trend will be similar to Shiba Inu's when it first went on Binance, requiring a few months of a washout and downward trend.
4. Anime on BN is the NFT community coin of Azuki, rumored to be a friendship coin.
