The notable point today is that the funding rate in the derivatives market has sharply decreased to nearly 0%, indicating that the long positions are gradually weakening after a period of excitement. At the same time, the liquidation amount in 24 hours remains high at around $300M, reflecting that the market is not yet truly stable.

During this period, capital tends to flow towards projects with clear development directions. @MidnightNetwork is being mentioned due to its focus on data security solutions for Web3.

If the market stabilizes, $NIGHT could become one of the spotlight projects in the new wave. #night $BTC ETH BNB

BTC

59,125.12

-1.74%

ETH

1,561.78

-0.92%

NIGHT

0.02966

-3.92%