The cryptocurrency market is currently exhibiting a tug-of-war between bulls and bears. On a macro level, expectations of interest rate cuts by the Federal Reserve and increased holdings by institutions (like Saylor) are supporting bullish sentiment; however, the options market shows significant divergence among professional funds, with bets on a $130,000 call option and hedges against a drop to $50,000. The accelerated entry of traditional giant PayPal is driving the development of RWA and stablecoins, but risks from North Korean hackers and the flash crashes of certain tokens remind investors that the current market is in a sensitive phase characterized by 'data-driven, liquidity-amplified volatility.'

Mainstream Coins

BTC

Facing strong selling pressure similar to 2022 levels, its performance is currently lagging behind gold and silver. Although feasible solutions for its L2 security cost bottleneck (such as GOAT Network's BitVM2/3 technology) exist, short-term bearish risks remain prominent, and one should avoid blindly going long for now.

ETH

Has short-term rebound momentum, with daily charts showing a stepwise upward trend. The vicinity of $2660 may have reached a bottom, with short-term targets looking above $3000. Despite disruptions such as ETF fund outflows, large holding data still indicates institutions' long-term confidence.

SOL

Short-term upward momentum is weak, currently underperforming BTC and ETH. Although its on-chain liquidity foundation is solid, it currently lacks concentrated attention from mainstream funds. There is a slight speculative opportunity to impact prices at $132 - $135, but we need to wait for market activity to pick up.

BNB

Bullish opportunity: MEXC's launch of zero-fee trading has reduced friction costs, and the upcoming launch of the KGST stablecoin on-chain will enhance usability. The 30.7% growth in Q3 DeFi TVL provides solid support for the fundamentals, and attention should be paid to the liquidation range guidance of $810 - $890.

Hot Coin Updates

ASTER

Short-term bullish opportunity: Binance is about to launch its spot trading pairs and trading bots, which will significantly enhance liquidity. Its buyback mechanism of 60% - 90% of transaction fees and weekly cash incentive program is expected to alleviate the selling pressure from monthly unlocks.

HYPE

Annual income is close to $900 million with a high buyback ratio. Recently, whales have injected a large amount of USDC to buy, and the team's ban on derivative trading has eased market concerns. It is recommended to accumulate on dips while paying attention to the liquidation pressure around $23 - $26.5.

BIRB

Short-term speculative opportunity: Historically, when core figures switch back to the Moonbird avatar, it often triggers a price surge. This recurring signal suggests the possibility of a new round of market activity, which is worth monitoring for timely positioning.

AAVE

Facing short-term bearish risks: Recent large sell-offs by whales (230,000 tokens) have caused a sharp price drop, and the controversies over governance proposals and brand control voting have increased uncertainty. It is advisable to stay on the sidelines until the voting results are clear.

The above information is automatically generated by @xhunt_ai and does not constitute investment advice.