1. Quick Access to Cryptocurrency Market Trends
1. Altcoin Market Trends
The market capitalization of altcoins has pulled back to the support line.
2. Total Market Capitalization of Cryptocurrency
Total cryptocurrency market capitalization is consolidating.
3. Liquidation Heatmap
From the liquidation heatmap, the bears are being quickly cleared out.
4. Fear and Greed Index
Fear and Greed Index 71, slight decline
2. Quick Access to Cryptocurrency News
1. A trader insisted on holding a token that dropped 99%, and three months later profited $2.7 million.
According to Lookonchain monitoring, Twitter user @traderpow bought 17.66 million LAUNCHCOIN three months ago with 1,466 SOL (approximately $367,000). Although the coin once plummeted nearly 99%, it has not been sold off. As LAUNCHCOIN's market capitalization surpasses $150 million, its holding has now appreciated to about $2.7 million.
2. A whale that hoarded over 120,000 ETH in 2022 has completed liquidation, profiting over $131 million.
According to Yujin's monitoring, an address transferred 30,874 ETH (approximately $7.771 million) to Kraken to complete liquidation within 20 minutes. This address withdrew a total of 120,874 ETH from Kraken in September 2022 and hoarded it, with a holding cost of about $1,647 per ETH. Since May of last year, it has sold in six batches at an average price of $2,732, taking approximately two and a half years, resulting in a total profit of about $131 million.
3. A whale withdrew 54,000 SOL for staking.
According to Onchain Lens monitoring, about 2 hours ago, a whale withdrew 54,000 SOL from the Kraken exchange, worth approximately $9.46 million, and transferred it to a staking address.
4. Two whales sold all $TRUMP at a loss, with total losses nearing $500,000.
According to Lookonchain monitoring, recently only a few people have profited from trading $TRUMP. Today, two large holders sold all their $TRUMP at a loss. The user with address 3hA7ex sold 276,968 $TRUMP at a loss of $454,000, worth about $3.54 million. The user with address DyzM5w lost $42,000 selling 228,414 $TRUMP, worth about $2.92 million.
5. Four wallets withdrew approximately $23.82 million NEIRO from CEX within 4 days, accounting for 24.2% of the total supply.
According to Spot On Chain monitoring, in the past four days, four wallets likely belonging to the same entity withdrew 241.71 million NEIRO from Gate.io and Bybit, worth $23.82 million, accounting for 24.2% of the total supply. These wallets have now become the 1st, 3rd, 4th, and 7th largest holders of NEIRO on decentralized exchanges.
3. Quick Access to Large Orders
1. BTC Spot Orders
In the above chart, the purple line represents sell orders, and the green line represents buy orders, and so on.
As shown in the chart, there are many sell orders around 104K and 109K, requiring significant buy orders to break through.
2. ETH Spot Orders
There are many sell orders around 2500 for ETH, and there are not many sell orders between 2500 and 2800; there may be another 10-point rise next time.
4. Quick Access to Cryptocurrency Influencers
1. Top Trader Pigeon
The pigeon updated this afternoon: opened a medium position long on SOL at $169 — I still believe it is the best representation of risk appetite behavior among altcoins, and once BTC breaks through, it will be one of the first assets people start to fantasize about hitting new highs.
Moreover, the pigeon retweeted Ansem's tweet saying:
Overall, I agree with Ansem's viewpoint. Although small and medium-cap tokens have shown very strong upward movements, the real major market has yet to arrive, and key coins still need to show a real market (first returning to previous highs, then breaking through). Of course, asset selection remains very important; not all coins will rise simultaneously, but I believe this wave of 'skeptical rebound' is far from over.
(The pigeon has taken a long position on SOL today, believing that BTC will soon reach new highs, and SOL will attract capital. The major market for altcoins has yet to arrive, as the total market capitalization of altcoins is still halfway up the mountain.)
2. Trader Vivian
Vivian updated tonight:
104444 is a tough exit for long positions.
Please send my LTC to the moon; we are very close to 104444.
When the CPI data is released (8:30 AM Eastern Time, about 40 minutes away), BTC and altcoins will first rise and then be pushed down. If the actual value matches the predicted value, it will be bearish news.
The reaction to bearish news is: first a pump, then a dump.
Therefore, based on predictions, I believe it will rise to 104444 (there may be a higher spike) and then start to decline.
I don't want to take risks with this spike, so I won't place limit orders.
Updated after the CPI data was released at 8:30 AM Beijing time:
CPI has risen, so please take profit on long positions as soon as possible. Although the annual rate has decreased, this has been emphasized in the news, but it is still necessary to close all long positions @everyone, all have been liquidated @everyone. They may rise slightly before the New York market opens, but I will let you short after the New York market opens. Remember, XRP and BNB have also been liquidated.
No matter how much ETH drops today, as long as the orders are not completed, large short positions are not considered @everyone. Today, we will only partially enter short positions during the drop before ETH completes its orders.
Plan A: If ETH completes its orders today, we will start shorting heavily; then after tomorrow's PPI data is released, we will get new short opportunities.
(Vivian closed long positions before the CPI data came out tonight and provided some short order points.)
3. Top Trader Joshua
I think this position may be a key turning point for two reasons:
The emergence of new narratives
In the past five months, we have hardly seen any strong new narratives. Once something new emerges, funds are likely to flow in rapidly.
Especially if this is a completely new on-chain token, without historical baggage or market maker manipulation against us, it will be even more attractive.
In contrast, tokens from centralized exchanges appear to be very suspicious.
Once funds flow into this new narrative, as long as everyone has faith, it will stay there.
The next rise of a pure meme coin
Perhaps it is time for a 'stupid, fun, noisy' meme coin (like $FARTCOIN) to take center stage.
(Joshua updated this morning, providing two top hot coins, launchcoin and dupe, because he believes a big meme coin will emerge on-chain soon.)
4. Top Trader Altcoin Sherpa
He updated last night:
If you plan to buy and hold a long position and will not operate frequently:
It may be advisable to wait for $BTC to make a quick pullback. My guess/expectation is in the low to middle $90,000 range.
Altcoins are likely to drop another 20% to 30% from their highs (or even more), and by then everyone will be shouting 'it's over, it's over.'
He updated this afternoon:
Currently, I don't have much position; I only hold spot $WIF, $FARTCOIN, $BTC, and $KEYCAT.
Still waiting for the right moment to re-enter the market.
On-chain activity has warmed up a bit, but it is still uncertain whether external funds will join this carnival. Honestly, I will likely wait for the first real leading coin to emerge before judging whether liquidity has truly returned.
(Sherpa believes that in this market, buying on dips and holding is sufficient; he will wait for the emergence of a leading coin to judge whether the altcoin bull market has really arrived.)
5. Wave Theory by Liu Yudong
(Liu Yudong did not update BTC today, maintaining the view: a drop below 99627 does not count as the beginning of a downtrend; the subsequent rise will reach around 125,000.)
5. Summary
Now the market heat is recovering, with both first and second-tier popularity returning, and the upward trend is expected to continue; next, we will still buy on dips.
The pigeon called for SOL; I studied it carefully today and indeed, SOL can be long-term bought; there will be new highs this year.
Additionally, it is expected that a large-cap meme coin will soon appear on-chain with a market value of 1 billion.
Attached is SOL's mid-long position shared in the community this afternoon.
Buy point 1: around 171 (±0.2)
Buy point 2: around 168 (±1)
Supplement: around 159 (±2)
Loss: Daily closing below 152.65
Target: 260-288, taking profits in batches.
Position: Below medium
Leverage: Spot or substantial leverage within 2.5 times.
Order direction source: Pigeon
Note: Mid to long-term positions should not use substantial high leverage. It's best to use limit orders for averaging down as there might be spike trades during the night.
Weekly view: The trend is upward, pulling back after hitting a resistance level.
From the daily perspective: the trend is upward, pulling back from the resistance level.
EMA: After a strong breakout above the EMA144 moving average, there has yet to be a pullback to the moving average. In the future, it is highly likely that a pullback will occur. The current value of EMA 144 is 158.65, and over time, the value will slowly increase, which also indicates an upward trend. The daily closing price must not fall below 158 to be considered a trend reversal.
Supertrend: Bullish trend, daily close must not fall below 152.65 to be considered a trend reversal.
4H period: The trend is upward, in a healthy pullback, the next rise to the resistance level around 182 should also see a pullback, then a pullback to the EMA144 moving average.
EMA144: The trend is upward; since the bottom reversal, there has only been one pullback, and it is highly likely that there will be a second pullback. The moving average is rapidly increasing, and the price during the next pullback may be between 160 and 170. The four-hour close must not fall below the moving average to be considered a trend reversal.
Supertrend: The trend is upward, and the four-hour close must not fall below 165.29 to be considered a trend reversal.
5-minute level
The trend is downward, but it may have already reversed. If the five-minute candlestick closes above 170.78, it will continue to rise. It has broken through the EMA 144 moving average and completed a pullback, but it may pull back again.
Supertrend indicator is bullish.
From the SOL spot orders, we can see:
Nearby sell orders are mainly concentrated around 181 and 189, while the most concentrated sell orders are at 287-300, where the real resistance lies.
The most concentrated buying position is around 109, with a small amount of buy orders around 139.
The Hyperliquid platform saw a 19% increase in SOL contract open interest in 24 hours, suggesting that a whale has just built a position in SOL.
SOL is currently priced at 174, but the contract open interest has reached 6.7 billion U. When the contract open interest for SOL reached 6.7 billion at the end of last year to the beginning of this year, the price was around 220.
Currently, market activity is higher than the levels from November last year to January this year.
Statement:
The above information is for reference only and does not constitute trading advice. The cryptocurrency market is high risk; participation should be cautious.
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