1. Quick Market Overview

1. Altcoin Market

The market capitalization of altcoins has hit a small level of resistance; if it breaks through here, there is another resistance level above.

2. Total Cryptocurrency Market Capitalization

The total market capitalization of cryptocurrencies has not pulled back since breaking through; it is highly likely to pull back in the next few days.

3. Liquidation Heatmap

From the liquidation heatmap, after spiking up to 96.3K, a pullback is highly likely to begin.

4. Fear and Greed Index

Fear and Greed Index at 51; the trend is diverging from BTC prices, and market confidence is still insufficient.

2. Quick Cryptocurrency News

1. Smart money that previously profited $4.9 million from Fartcoin has purchased 488,000 Fartcoin again.

According to Lookonchain news, a smart trader who previously profited $4.9 million from Fartcoin spent 563,000 USDT to purchase 488,000 Fartcoin again within the past hour. This trader now holds 2.12 million Fartcoin, valued at about $2.48 million. When this trader first entered the Fartcoin market, its market cap was $32 million, achieving a profit of $4.9 million through buying low and selling high.

2. A whale withdrew over 190,000 TRUMP from Binance, with a total holding value of about $20.59 million.

According to Onchain Lens, a whale withdrew 190,987 TRUMP (worth $2.83 million) from Binance to increase their position in the 'TRUMP Dinner.' This whale is second only to Sun Yuchen on the dinner ranking and currently ranks second in VIP (Top 25) with a total TRUMP holding of 1.389 million, worth about $20.59 million.

3. Bitcoin spot ETFs saw a net inflow of $3.06 billion last week, the second highest in history.

According to SoSoValue data, last week's trading days (April 21 to April 25, Eastern Time) saw a net inflow of $3.06 billion into Bitcoin spot ETFs. The ETF with the highest net inflow last week was Blackrock's Bitcoin ETF IBIT, with a weekly net inflow of $1.45 billion, bringing IBIT's historical total net inflow to $41.2 billion.

4. A whale holding 1.32 million SOL deposited 35,000 SOL into Binance, valued at about $5.07 million.

According to Onchain Lens, a whale holding 1.32 million SOL (worth about $192 million) transferred 35,000 SOL (worth about $5.07 million) to Binance 40 minutes ago. Over the past 19 days, this whale has transferred out a total of 135,000 SOL worth $15.72 million.

5. The Melania project team again sold 2.01 million MELANIA today through the DCA strategy.

According to Lookonchain, the Melania project team not only sold MELANIA tokens by adjusting liquidity but also used a DCA strategy for batch sales. Two days ago, they sold 1.18 million MELANIA for 4,230 SOL (approximately $632,000) using the DCA strategy; today, they sold another 2.01 million MELANIA (approximately $938,000) through the same strategy.

3. Quick Overview of Large Orders

1. BTC Spot Orders

In the above chart, the purple line represents sell orders, and the green line represents buy orders. As can be seen, the resistance level is at 100,000, with strong support at 75,000.

2. ETH Spot Orders

There are large sell orders around 1960 for ETH, while buy orders are mainly concentrated around 1570.

4. Quick Overview of Cryptocurrency Bloggers

1. Top trader Dove

As shown, Dove said last night: In this wave of market movement, mainstream coins underperformed expectations; BTC couldn't hold above 95K, and SOL and ETH performed poorly, so he took profits and decided to re-evaluate the selection criteria for altcoins.

(Last night Dove took profits, and we have sent out notifications within the community. The market started to decline around 5 AM today; Dove successfully exited at the top again.)

2. Trader Vivian

Vivian updated this morning:

During the Canadian elections, the market will rally, and after adjustments on Monday, it will start to rise again. As long as BTC fluctuates within 1%, altcoins can gain. BTC short positions should take profits, with the next targets being 92222-94800.

(Today during the day, BTC only dipped to 92800, rebounding to 95550. Vivian's trend prediction was accurate, with only a few hundred points of error. This morning, I decisively entered a long position in ETH, perfectly bottoming out.)

3. Top Trader Awawat

He updated this morning:

“moon gives, moon takes” The moon gives, and it takes away.

(Awawat believes after a large rally, a pullback is expected, but according to his drawn lines, he believes the pullback won’t be substantial.)

4. Top Trader Altcoin Sherpa

He updated this morning:

Currently, there seems to be no particular reason to be bearish. As long as $BTC's trend remains healthy, I will continue to maintain a 'buy on dips' approach. I still hold some spot positions (the largest being Fartcoin and $BTC). If the market pulls back further, I will consider adding some long contracts.

The market is in a strange state; we know a pullback will come soon, but it might also rise another 5-10% before that. The best strategy may be to hold long positions while setting some tight stop losses.

(Sherpa believes a pullback will follow, but going short is not a good choice; he prefers to buy on dips.)

5. Wave Theory by Liu Yudong

April 28, 2025 Daily Chart

The blue line is currently in the third segment, at the same level as the first segment. 96188 is approaching.

If the blue line's rebound reaches 99064, it means subsequent drops can avoid falling below 74508.

However, if it cannot reach 99064, it is just a rebound and further declines are expected.

(Liu Yudong believes it won't rise above 99064 and there is a risk of new lows.)

5. Summary

The altcoin market surged over the weekend; going forward, it should gradually take profits and avoid chasing highs. Since April 9, BTC has risen without any pullbacks, having two instances of 'sideways instead of down.' Next, it might rise to around 96K before pulling back.

Since April 2024, there have been significant drops at the end of each month into the beginning of the next month, such as on February 3, February 28, and April 6. Combined with the recent weakening momentum of BTC, it is highly likely there will be a significant drop in the next few days; everyone remember to defend your positions.

Statement:

The above information is for reference only and is not trading advice; the cryptocurrency market is high risk, and participation should be cautious.

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