What does this mean? Can someone explain? If the volume has increased, shouldn't that be bullish? Why did it drop with such a small amount? Aren't there that many short sellers with stop losses?
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#价格趋势分析 Litecoin ETF Let's take a look at how Ai analysis goes As of February 21, 2025, the price of Litecoin (LTC) is approximately $134.91. Recently, the price of Litecoin has shown an upward trend, partly due to the preliminary approval by the U.S. Securities and Exchange Commission (SEC) for the application of a tradable ETF, with the market expecting an 85% probability of Litecoin ETF approval by 2025. Additionally, technical analysis shows that Litecoin's Relative Strength Index (RSI) is above the neutral zone of 50, indicating that market sentiment leans bullish.
Real-time comparison chart of ETH long and short positions in the last 5 minutes! Folks, big news! The Ethereum short positions have gone crazy, increasing by 40% in just one week, setting a new historical high! What does this mean? In the short term, everyone is overwhelmingly bearish on ETH, as if a storm is about to come. However, as the saying goes, 'extremes will turn into opposites.' When everyone is overwhelmingly bearish, we need to be cautious. Those shrewd market makers, if they have accumulated enough positions.
The current altcoins have completely collapsed, and the crazy bull market everyone hoped for in the first quarter has also completely cooled down. The long cycle has been broken, and the cryptocurrency market without cycle repetition is worse than the major A-shares. There are too many air projects, and sooner or later, even Bitcoin will be harvested. In a cryptocurrency market without faith, it has completely turned into a hell for retail investors, a meat grinder. I hope everyone can see the situation clearly; if there is a rebound, run quickly. No matter how much you are stuck, take whatever you can. Taking such a big risk to come in, and with funds not being convenient to enter and exit, why make things difficult for yourself? It’s a sin…
#市场情绪观察 Litecoin ETF Let's take a look at the AI analysis As of February 21, 2025, the price of Litecoin (LTC) is approximately $134.91. Recently, the price of Litecoin has shown an upward trend, partly due to the U.S. Securities and Exchange Commission (SEC) tentatively approving applications for tradeable ETFs, with the market expecting an 85% probability of Litecoin ETF approval by 2025. Additionally, technical analysis shows that Litecoin's Relative Strength Index (RSI) is above the neutral zone of 50, indicating a bullish market sentiment.
The recent wallet activities of ICP tokens show a certain level of activity and complexity. According to the latest data, the trading volume of ICP has reached approximately $85.1344 million in the past 24 hours, indicating market attention and trading activity. Additionally, the total circulation of ICP is 480.02 million tokens, with a total issuance of 529.468 million tokens, suggesting a relatively ample market supply. From the perspective of wallet activities, staking and mining of ICP tokens are one of its important application scenarios. Users can participate in mining and gain additional income by staking ICP tokens into smart contracts. This staking and mining model not only provides users with opportunities for profit but also enhances the stability and liquidity of the ICP network. However, the price of ICP tokens is quite volatile, having dropped by 3.83% within 24 hours, reflecting unstable market sentiment. This volatility may be related to overall market sentiment, technical challenges, and competitive pressures. Nevertheless, the ICP community and ecosystem continue to develop, and its technological potential and application scenarios are still favored by some investors.
In 2024, Ethereum's gas fee revenue reached $2.48 billion, ranking first among all blockchains. This data reflects Ethereum's important position in the blockchain field. However, the same year, Ethereum's gas fees also hit a historical low, sparking different interpretations in the market regarding this phenomenon. First, the reduction in gas fees may impact Ethereum's price and inflation. In August 2024, Ethereum's average network fee dropped to 2.15 Gwei, the lowest level in five years. This reduction in fees may influence the amount of ETH issued and consumed when using gas, which could subsequently affect the price. Additionally, due to the decrease in network fees, the total supply of ETH has increased since April. Moreover, the decline in Ethereum's gas fees may signal an upcoming surge in ETH. On August 12, 2024, gas fees on the Ethereum network fell to 2 gwei, sometimes even below 1 gwei. This phenomenon of low gas fees could be attributed to insufficient demand for block space and users gradually shifting towards Layer 2 scaling solutions. It is worth noting that despite the reduction in gas fees, key indicators such as daily transaction volume, active wallet addresses, and ERC-20 addresses on the Ethereum network remain healthy. This indicates that the Ethereum ecosystem is still functioning robustly.