CRYPTO MARKET UPDATE: Over $380 million has been liquidated from the crypto market in the past 24 hours (SHORT: $170M, LONG: $208M), with 130K+ traders liquidated.
- $BTC : $62,881 up +2.69% - $ETH : $1,1658 up +2.46% - $SOL : $65 up +3%
Forming a bottom in BTC is a process that takes time.
First comes a series of capitulation events, then a period of consolidation, and only after that does the market begin a new rally.
According to several indicators, BTC is only starting to enter the zone where the bottoming process has historically begun. However, it is still too early to call an actual market bottom.
Biggest clusters on the chart are sitting at ~$68K & $75K.
Obviously no guarantee price goes and visits those as BTC is in a down trend. But regardless, it can be good to watch these going forward if price does start grinding up close to them. Generally these big zones start acting as "magnets" for a liquidity grab at that point.
So while they are not that relevant yet, watch closely when price is slightly closer.
Military confrontations have resurfaced, but this time without direct US involvement, and at the initiative of Israel.
It remains unclear whether this round of escalation will last only a few days or develop into a longer-term confrontation.
However, current indications suggest that the United States is seeking to contain the tensions and de-escalate the situation, which could limit the duration of the escalation.
This was immediately reflected in the financial markets, with the dollar rising sharply, while major currencies, metals, and stocks experienced significant volatility due to growing uncertainty.
Markets will remain highly sensitive to any new developments, as the emergence of serious indications of a ceasefire or a de-escalation could directly support gold and quickly change trading trends.
3 millions d'ETH en queue pour entrer en staking. 5 290 essaient de sortir. CT annonce la mort d'Ethereum. La panique se partage mieux que la réalité.
Retiens ça: la file d'entrée est 575 fois plus grande que la file de sortie. 52 jours d'attente pour staké.
🚨Pendant ce temps CT s'agite.
Des comptes inventent des histoires sur Vitalik qui vendrait tout son $ETH . Sans vérifier. Pour récolter des likes. Et ça marche. Parce que la panique se partage mieux que la réalité.
C'est ça le vrai signal de fond.
Pas le prix. Pas les posts de doom. Le fait que pendant que CT joue la capitulation, des millions d'ETH font la queue pour être enfermés des mois. Au prix actuel.
Ce n'est pas le comportement de gens qui pensent que c'est fini.
C'est le comportement de gens qui savent ce qu'ils ont.
Moi je ne suis pas surpris. ETH à 1 600, c'est exactement là où j'accumule. Pas parce que je suis aveugle au risque. Parce que je lis les deux tableaux : le prix ET ce que font les vrais holders.
Le prix crie la panique. L'on-chain chuchote la conviction. J'ai choisi d'écouter l'on-chain 🔥
$BTC Holding the $60K low and I will just assume this is a range for now.
I can easily see us trade in this $60K-$80K region for quite a while. Just need to not turn bearish at the range low and not get too excited at the range high region.
Until either of these two levels break I doubt we get a lot of big moves again anytime soon and will likely just chop around.
If there's any room left, please accept my advice. I know that anything I say now might not seem helpful because morale is very low after the crash that most cryptocurrencies experienced, losing more than 90%.
My advice is to try to be patient, stay strong, and get through this phase. Keep following the market for the next cycle and don't give up and leave the field entirely. Many people will be leaving this field during this period.
I'm not asking you to invest now or to become overly interested in cryptocurrencies, but I am asking you to keep following, learning, and not lose hope. Since 2022, altcoins have effectively been in a bear market, and the rise they experienced in the past four years was just a temporary correction.
Because of the difficult experiences and the disappointment many people have gone through, the passion and interest in cryptocurrencies will weaken, and they will be neglected by both large and small investors. Even those who remain will mostly focus solely on Bitcoin.
But believe me, in these discouraging and discouraging circumstances, real opportunities arise. My prediction is that alternative currencies with genuine projects, real-world applications, and a solid foundation will, God willing, outperform Bitcoin, gold, and even stocks in the next cycle.
Therefore, my advice is to be patient, keep monitoring, keep learning, and don't despair. And don't leave the market.
This drop was expected as price repeatedly swept the highs while leaving the lows untouched, making market participants feel comfortable in their long positions.
The major HTF target of 60K has now been swept, and this isn't the time to turn bearish. This is the time to become bullish and start accumulating.
The market will likely begin targeting longs next, creating a psychological sense of safety for shorts.
A dip is the chance for regular folks to flip the script, not the rise. Think about it, after this bull run, you know that $BNB , $TRX , and $HYPER are valuable coins that will pump hard in a bull market, but now their prices are way too high.
If you think like I do, that BNB will hit $10k in the next bull run, that’s an 18x from the current price. If it drops to $300, that’s a 33x.
The more it dips, the more you can rake in. The same goes for other coins.