Contract liquidation of 739M, the opportunity is still moving
According to CoinDesk, nearly $735 million in contracts were liquidated in the market yesterday, with liquidations of ETH and XRP even exceeding that of Bitcoin, a level of intensity previously unseen by CoinDesk.
ETH liquidations exceeded $150 million, while XRP saw nearly $88 million liquidated;
Although BTC liquidations were smaller, nearly $65 million were still liquidated.
This indicates that it is not just BTC; the overall market leverage betting is intense, emotions are highly elevated, and there is high participation from alt chains. After short-term liquidations, it is easier to trigger a “deep inhale” followed by a rebound—volatility does not signify a market peak, but rather a window for institutional fund adjustments.
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In the swamps and rivers, this small crocodile with a piercing gaze reigns. It is discreet, yet powerful and agile. The Cuvier's caiman, a fascinating and wild reptile.
Bitcoin Ethereum Market Analysis: Today's Highlights of BTC and ETH
Market Review
During the BTC correction yesterday, the 4-hour line continued to have long shadows, and the repair trend was good. The support strength was prominent, and the upward trend is expected to continue in the future. The daily level still needs time to sort out. The current market sentiment is positive, and it is necessary to focus on the changes in volume; the weekly trend has gradually warmed up, and it is recommended to pay more attention to the fundamental dynamics and the Fed's interest rate cut process. Overall, there is a high probability that the upward trend will continue during the day, and a new round of weekly rising cycle has started.
ETH showed independent market characteristics yesterday, and the 4-hour adjustment was in place, but the daily trend was slightly aggressive. Although the volume remains healthy, the short-term increase is too fast, and there is still a need for sorting. It is expected to be mainly consolidation during the day.
The altcoins are synchronously corrected with the mainstream coins, and the altcoin index remains at a medium level, and the market sentiment is still low. BTC's market share has begun to decline, and liquidity is gradually shifting. ETH ecological currencies are deeply affected by it, and it can be considered to follow up moderately. Among them, PENDLE has a stable trend and its rising potential is worth looking forward to. Binance has been busy recently, and Alpha points-related activities are continuously launched. It is recommended to actively participate in the accumulation of points. There are many opportunities for "wool" at present, so you can focus on it.
Today's highlights
- BTC: 1-hour and 4-hour levels have returned to normal, and the daily level is still higher than the normal level. It is expected to continue to rise during the day. The lower support range is 117500-118000, and the upper resistance range is 120000-121000. - ETH: 1-hour and 4-hour levels have returned to normal, and the daily line has entered the overbought range. It is expected to go sideways during the day. The lower support range is 3550-3600, and the upper resistance range is 3700-3750.
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