🚀 In the past 24 hours, the crypto market rose by 1.58%. This increase was mainly driven by a strong rebound in the Ethereum ecosystem. The market has a correlation of up to 70% with gold, indicating that macroeconomic factors and demand for inflation hedging jointly influence market trends.
1. Primary reasons: The rise of the Ethereum ecosystem is driven by institutional investors’ adoption of tokenized real-world assets (RWA) and positive social sentiment.
2. Secondary reasons: Solana’s record-high derivatives trading volume and the widespread rotation into high-yield Layer-1 and Layer-2 altcoins.
3. Short-term market outlook: If Ethereum’s price stays above the $2.18 trillion Fibonacci resistance level, it may continue the upward trend. If it breaks below the $2.09 trillion support level, it could indicate that the price will return to a consolidation range.
💥 Liquidation alert:
In the past 24 hours, a total of 95,277 people were liquidated across the entire network. The total liquidation amount was $441 million: $157 million liquidated on long positions and $283 million liquidated on short positions.
📊 Performance of major coins:
1. Bitcoin (BTC): Price around 60248, up 1.88% in 24 hours
Bitcoin is at 61,100 today. If it breaks below 61,100 within the next 1–2 hours, a pullback is coming. Wait for the price to fall to around 60,000, 58,300, and 56,500, and go long in batches.
If it drops to 61,100 today and can’t go any lower, it means it’s not really dropping for now. Then wait for opportunities to short around 62,175, 64,000, and 65,600.
2. Ethereum (ETH): Price around 1716, up 5.46% in 24 hours
Ethereum is trading at 1685 today. If it falls below 1685 within the next 1–2 hours, the pullback will begin. Wait to consider going long around 1650, 1600, and 1555.
If 1685 keeps holding and doesn’t break down, it means it can’t go lower in the short term. Then look to short around 1725, 1765, and 1800 above.
3. BNB: Price around 562, up 1.87% in 24 hours
BNB is at 557 today. If it breaks below 557 on a 1–2 hour timeframe, the pullback should begin. Look to go long below around 546, 537, and 523. If 557 doesn’t break, it means it can’t drop for now—then go short above around 569, 580, and 592.
4. SOL: Price around 81, up 4.00% in 24 hours
SOL is watching 80 today. If it breaks below 80 within the next 1–2 hours, the pullback starts—then consider going long around 77, 74, and 72. If 80 keeps holding and can’t be broken, it means it can’t drop for now; then look to short around the levels 82.8, 85, and 87.5 above.
🌡️ Market sentiment:
Today, the total crypto market cap is about $2.2 trillion, and the total trading volume over the past 24 hours is about $9 billion.
Current market sentiment is 23 (fear). It’s pretty conflicted: on one hand people say crypto will be widely adopted; on the other hand they warn that the technicals can’t hold. All the money is sitting in Bitcoin, which suggests nobody really believes other coins can keep rising. Over the next day or two, we’ll see whether BTC can break above the 62,000–65,000 level. If it clears it, things turn warmer; if it can’t, panic will likely come back.
Today’s crypto gain/loss leaderboard 🔥
📈 Top 3 Gainers:
1. TLM: Price $0.001923, up 67% in 24 hours
2. ZKP: Price $0.599, up 32% in 24 hours
3. ALLO: Price $0.3292, up 31% in 24 hours
📉 Top 3 Losers:
1. VELVET: Price $0.4743, down 68% in 24 hours
2. AIGENSYN: Price $0.02921, down 15% in 24 hours
3. MET: Price $0.1744, down 13% in 24 hours
✨ Performance of other major coins:
Dogecoin (DOGE): Price $0.07510, up 3.27% per hour
TRON (TRX): Price $0.3174, up 0.44% in 24 hours
Cardano (ADA): Price $0.1637, up 5.95% in 24 hours
Hyperliquid (HYPE): Price $67.323, up 6.24% in 24 hours
Avalanche (AVAX): Price $6.852, up 2.36% in 24 hours
Stellar (XLM): Price $0.1996, up 1.37% in 24 hours
Sui (SUI): Price $0.7404, up 1.62% in 24 hours
Chainlink (LINK): Price $7.775, up 3.90% in 24 hours
Hedera (HBAR): Price $0.07142, down 1.90% in 24 hours
Bitcoin Cash (BCH): Price $223.1, up 3.43% in 24 hours
Shiba Inu (SHIB): Price $0.00000427, down 0.70% in 24 hours
Litecoin (LTC): Price $43.28, up 0.96% in 24 hours
Pepe Shiba Inu (PEPE): Price $0.00000246, up 3.80% in 24 hours