1. Cryptocurrency Market Quick Update
1. Altcoin Market
The market capitalization ratio of altcoins rebounded without hitting a downward trend line, and if it breaks this resistance line, it can rise for a few more days.
2. Total Crypto Market Value
The total cryptocurrency market value is strongly breaking through upwards.
3. Liquidation Heatmap
From the liquidation heatmap, the shorts are almost cleared out.
4. Fear and Greed Index
Fear and Greed Index at 70, reaching a new high since December 20, 2024, while a month ago it was at 15.
2. Cryptocurrency News Quick Update
1. Hedge Fund Abraxas Capital has withdrawn a total of $297 million worth of ETH from exchanges in the past two days.
According to Lookonchain monitoring, Abraxas Capital has withdrawn a total of 138,511 ETH (valued at $297 million) from exchanges in the past two days. The latest withdrawal transaction was 22 minutes ago.
2. A whale that accumulated 20 trillion PEPE over the past 9 days has started taking profits, with unrealized profits of $7.66 million.
According to on-chain analyst Yu Jin's monitoring, whale 0x3c9 has accumulated 20 trillion PEPE over the past 9 days, and with this rebound, they now have unrealized profits of $7.66 million. They started taking profits 20 minutes ago: transferring 500 billion PEPE (approximately $6.34 million) to Binance. They currently still hold 1.5 trillion PEPE, valued at $19.2 million.
3. A whale has withdrawn a total of 23.46 million USDC from Binance to Hyperliquid over the past 27 hours and shorted HYPE with 5x leverage.
According to on-chain analyst Yu Jin's monitoring, whale 0x20b has withdrawn a total of 23.46 million USDC from Binance in the past 27 hours, transferring it to Hyperliquid. They then shorted 187.5 HYPE with 5x leverage, with a position valued at $45.77 million. The opening price was $20.4, and the liquidation price is $30. Currently, the loss has reached $7.43 million (-32%).
4. A whale that shorted 115,000 SOL closed their position before liquidation, incurring a loss of $1.05 million.
According to on-chain analyst Yu Jin's monitoring, a whale that shorted 115,000 SOL (approximately $20.13 million) closed their position before liquidation, incurring a loss of $1.05 million (-86%). As the SOL price continued to rise, nearing this whale's liquidation price, they closed their short position of 115,000 SOL at a price of $175.
5. Crypto KOL James Wynn currently has over $39 million in unrealized profits on the HyperLiquid platform.
Onchain Lens monitoring shows that crypto KOL James Wynn (@JamesWynnReal) currently has over $39 million in unrealized profits on the HyperLiquid platform. James holds multiple long positions: PEPE (10x leverage): $23.4 million. TRUMP (10x leverage): $5.7 million. BTC (40x leverage): $4.96 million. FARTCOIN (5x leverage): $4.45 million.
3. Large Order Quick Update
1. BTC Spot Orders
The purple line in the chart represents sell orders, and the green line represents buy orders, and so on.
From the chart, it can be seen that there are a large number of sell orders around 104K and 109K, requiring a massive amount of buy orders to break through.
2. ETH Spot Orders
There are a large number of sell orders around 2500 for ETH, and from 2500 to 2800, there aren't many sell orders. There could be another 10-point rise next time.
4. Cryptocurrency Blogger Quick Update
1. Top Trader Dove
Dove updated at noon today: We probably started entering the second phase of the market yesterday. It's time to get back in and start trading.
(Doves are about to become active again; we will keep a close eye on this.)
2. Trader Vivian
Vivian updated this morning:
Long-term:
For comparison, I only need to show you a picture.
When I call out the bottom, some people won’t believe it; and when I call out the top, 99% of people won't believe it either.
But I will stick to my plan.
Short-term:
In the short term, 104444 is the top, and altcoins will rebound from there. TGIF is at 101.5.
There won't be a pullback until later next week, and the market will continue.
(Vivian's trend chart from last month, we’ve shared it many times before, and looking at it now, the rhythm is completely right, though the timing has discrepancies. She believes 104444 is the short-term top for BTC, and altcoins will catch up, with the bullish trend lasting until next week.)
3. Top Trader Joshua
Updated this afternoon:
The entire market is currently mainly in a catch-up phase for coins that haven't risen much before.
The strong performance of ETH means that the altcoin market is starting up.
In this wave of the market, we should focus on those coins that perform best when ETH rises.
It seems ENA and SPX are quite prominent now.
(Joshua believes that altcoins are currently catching up, and we should focus on those that have performed well today.)
4. Top Trader Altcoin Sherpa
He updated this morning:
Although I remain bullish on higher timeframes, now may not be the best time to open large long positions on $BTC.
It's very likely that there will soon be resistance encountered somewhere.
About altcoins:
When you see coins like $POPCAT,
You should just buy spot and hold. Don’t think about swing trading (though that’s what I did; if I had just held since my first purchase, I would have made much more). It will rise higher.
I should actually learn from that guy Bonk's approach, just open a long position and ignore short-term price movements.
Maybe opening a low-leverage long position and then ‘going to sleep’ for a while is the best strategy.
(Sherpa believes that BTC is about to reach a resistance area, and it’s best to buy spot altcoins and hold them, as swing trading can easily cause you to miss out. He currently holds spot positions in Bitcoin and fartcoin.)
5. Top Trader Pentoshi
Remember one thing: making money is actually very easy; what's difficult is how to keep that money.
With the rebound of altcoins, remember to gradually take profits. Over the past four years, BTC.D (Bitcoin market capitalization ratio) has generally been rising, with altcoins only showing excess performance during certain brief periods, but not a general market surge.
The kind of returns seen in the entire market from 2017 to 2021 are long gone, primarily due to the significant increase in market size, total market value, and the number of participants.
If you don’t cash out, someone will always beat you to it.
As for Bitcoin itself, I believe its performance might still outperform assets like the S&P 500 (SPX) and gold.
(Pentoshi believes that altcoins should take profits and exit in time, as the rise of altcoins is very short-lived, and only Bitcoin can be a long-term investment.)
6. Wave Theory Liu Yudong
May 9, 2025 Daily Chart
Once 99064 breaks through, it allows not dropping below 74508 in the future. This adjustment at 109588 is expected to end before June 20th, and then surge to around 125000. The rise won't end until it drops below 99627, and only after dropping below 99627 does the pullback begin.
(Liu Yudong believes that it is not considered the beginning of a decline unless it falls below 99627, and the subsequent rise will reach around 125000.)
5. Summary
Today, market enthusiasm continues to heat up, altcoins surge, and most of the shorts that didn’t stop-loss have been wiped out.
Yesterday, our advice to friends with empty positions was to chase the long positions in Doge or XRP that hadn't taken off yet, and today both have caught up.
Of course, many small-cap altcoins have higher gains, but they also come with higher risks. We dare not promote such coins; if they crash, it will harm many people.
On April 24th, we notified all chat groups to build a position in Doge, when the price was 0.176. It later rose to 0.193, and a few days ago it retraced to 0.1643, just allowing for a top-up opportunity. Now the price is 0.21, very close to the target of 0.238. Including the top-up, the spot profit can reach over 40%.
Today, many altcoins surged dozens of points, and there are even coins like Hippo that doubled. It’s time to take profits on long contracts, and you can start to reduce spot positions in batches based on profit. Those that haven’t caught up can wait; there might be catch-up over the weekend.
You can have your own views, but any chase for long positions, whether in contracts or spot, should have a breakeven stop-loss in place, just in case.
Statement:
The above information is for reference only and not trading advice. The cryptocurrency market is high-risk, participation should be cautious.
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