Family! Isn't the recent cryptocurrency market a bit confusing? On one side, the mainstream giants are as stable as a mountain, while on the other side, altcoins are dropping to the point where their parents wouldn't recognize them; the degree of divergence is comparable to the temperature difference between the Antarctic and the equator! Today, let's delve into the underlying logic of this market wave, packed with valuable insights, and after reading, you'll know who to keep an eye on next!
First, let's take a look at our 'big brother' BTC, currently priced at $87786.87, with a slight drop of 1.16% in the past 24 hours; to say this is a 'gentle adjustment' is not an exaggeration. The key point is? The trading volume is still impressive, hitting a level of $426 million! It's important to note that when the market is less volatile, trading volume often reflects the attitude of capital best. This indicates that large funds have not fled and are still holding their positions steadily, maintaining a 'steady as she goes' rhythm. In my view, BTC's current trend is a typical case of 'the strong get stronger.' After a period of consolidation, this slight pullback seems more like hitting the brakes for the upcoming market, avoiding problems from rising too quickly.
Looking at ETH again, this guy is tougher than BTC! The current price is $2960, with a decline of only 0.35%, which is almost equivalent to 'treading water'. The trading volume is also a decent $282 million. Why is ETH so strong? The core reason is that the ecological support is solid enough; whether in the DeFi or NFT fields, the foundation of ETH has not shaken, and the recognition of funds has remained online. I often tell fans that ETH and BTC are like the 'stabilizing force' of the crypto world; as long as these two don't collapse, the entire market's fundamentals can remain stable. This wave of ETH's resilience also reaffirms the 'safety net' property of mainstream assets.
On the other hand, looking at the altcoins, it’s truly 'a sight too painful to watch'; not only are they collectively lagging behind, but many coins drop by dozens of points in a day, which has become commonplace, trapping the retail investors who chased the highs earlier. Why is there such a 'tale of two extremes'? It’s actually quite simple; the overall market sentiment is cautious now, with funds moving towards more certain places, and mainstream coins are the safest choice. Most altcoins lack any real value support and rely solely on hype. Once market liquidity tightens, they are the first to be abandoned. This also serves as a reminder: during a period of market differentiation, don’t hold onto the fantasy of 'getting rich by bottom-fishing altcoins', otherwise, it’s easy to become a 'bag holder'.
Finally, let me share a few heartfelt words. The recent market conditions have indeed been tough; on one side, there’s the slow rise and adjustment of mainstream coins, and on the other side, there’s the wild drop of altcoins, which can easily upset one’s mindset. But especially during such times, it’s important to stay calm and not be swayed by market emotions. My strategy remains the same: keep a close eye on the trends of BTC and ETH. As long as they don’t experience a significant drop in volume, we can make small position layouts; try to avoid altcoins as much as possible. If you really want to participate, choose those with actual ecosystems and funding attention, and don’t touch those air coins that can’t even articulate their white papers.
Alright, that's it for today's market overview! If you think what I said makes sense, don’t forget to like + follow@帝王说币 #ETH走势分析 $BTC
