According to the current liquidation map, long positions were liquidated last night, and the market is currently dominated by short positions. Based on the current Bitcoin price around $117,900, if the market fluctuates by $2,000 up or down and rises again to around $119,900, it is expected that approximately $770 million worth of short positions could be liquidated. Conversely, if the market falls to around $115,900, about $1.248 billion worth of long positions could be liquidated. The net outflow for Bitcoin spot ETFs yesterday was $21.2 million, and for Ethereum spot ETFs, it was $17.6 million.
In terms of Ethereum's trend, the daily chart is still in a sideways consolidation. As the end of the month approaches, more market-moving news is likely to dominate market trends. The market has entered a wait-and-see phase for major directional changes, and as Ethereum slightly corrects, most altcoins have also followed suit, so short-term trading should focus on short-term swings until news comes out.
Market corrections are an opportunity to get in on these future bull markets with altcoins set to surge 10x!
1.PENDLE
Pendle (PENDLE) has also seen a price increase of 6.65% in the last 24 hours, with trading volume surging by 83.08% to reach $104 million. These trends reflect growing investor interest in Pendle, possibly due to its total locked value (TVL) continuously increasing and recently hitting an all-time high.
From multiple indicators, it is not surprising that Pendle's total locked value surpasses Uniswap, marking a significant milestone. This growth is attributed to its integration with Morpho Labs, where Pendle's LP collateral contributed $517 million to its locked value. Additionally, Pendle has partnered with Falcon Finance to bring USDf into its ecosystem, enhancing its utility.
From a technical perspective, this setup appears promising. The MACD shows a weak but bullish crossover, while the RSI is at 58.26, indicating further upside potential and that it is not overbought. The price is also above the 7-day simple moving average (SMA) at $4.50 and the 30-day exponential moving average (EMA) at $4.13, reflecting short-term bullish momentum. The Fibonacci chart shows key support near $4.11, which remains unchanged.
If the price remains stable and continues to stay above $4.57, a stronger rebound may occur. As a leading player in the DeFi space, particularly with its focus on real-world asset integration, PENDLE may become the next explosive growth cryptocurrency, especially as sentiment in the altcoin market continues to improve.
2.THETA
Theta Network (THETA) is a distinct player focused on decentralized streaming and AI infrastructure. Over the past month, its price has risen over 41%, with a 3.53% increase in the last 24 hours. Meanwhile, Bitcoin's dominance has slightly decreased to 59.99%, providing upward space for altcoins like THETA. The latest technical indicators also show a bullish trend. THETA is trading above the 7-day simple moving average (SMA) at $0.91556, with the current price nearing $0.932. The relative strength index (RSI) is at 63, indicating a strengthening market but has not yet entered overbought territory.
THETA has recently partnered with Crypto.com, designating it as its U.S. custody service provider. Crypto.com has custody of 15 million THETA tokens and has re-staked them to enterprise validation nodes. This indicates growing interest from institutional investors in THETA, aligning with Theta's broader mainstream application plans.
Additionally, token holders can benefit from higher staking yields, and platforms like StakingRewards offer competitive annual yields. Although the token is still down about 95% from its historical highs, these developments indicate that the project is moving toward a sustainable recovery.
Just last week, Theta announced integration with Amazon's Trainium and Inferentia chips, which is an exciting update. These high-performance AI chips will enhance Theta's infrastructure, making it more attractive to developers and enterprises building AI-driven decentralized applications.
With Web3, NFTs, and DeFi also joining its ecosystem, Theta is poised for breakthroughs on multiple dimensions. If the capital rotation in Bitcoin continues and the narrative around artificial intelligence strengthens, Theta could become a hot choice for the next explosive cryptocurrency.
3.DOGE
Dogecoin's price has increased by 2.62% in the last 24 hours, with trading volume surging by 64.6% to nearly $2.9 billion. This rise stems from increasing whale accumulation and growing market optimism, indicating that Dogecoin may be on the verge of a breakout. Despite no significant announcements from its developers, since Bit Origin invested $500 million into Dogecoin's reserve, becoming the first U.S. company to treat Dogecoin as a strategic financial asset, it has garnered media attention.
Despite a 9.4% drop in Dogecoin over the past week, it has risen 52% over the past 30 days, with a year-on-year increase of 91%, outperforming 80% of the top 100 cryptocurrency assets. Strong liquidity from major exchanges such as Binance, KuCoin, and Kraken provides a solid trading foundation, while the fear and greed index at 75 reflects a growing bullish sentiment. Notably, Dogecoin's trading price has surpassed its 200-day moving average, indicating strong long-term momentum.
Dogecoin's current price is $0.245, far below its historical high of $0.73, but key technical indicators show that there is still room for growth. Resistance is at $2.9, with $0.17 providing strong support—an ideal entry zone for breakout traders. Volatility is at a moderate level of 18%, suggesting that price movements may remain volatile yet manageable.
For long-term investors interested in meme coins with institutional support, historical relevance, and robust trading activity, Dogecoin may stand out. Its high circulation and a 4.03% annual inflation rate remain concerning, but its dominance in the meme coin category and increasing whale control suggest continued upward potential.
Brothers, gather in the chat room quickly: