🌍 In the past 24 hours, a total of 155,332 people worldwide have been liquidated, with a total liquidation amount of $514 million. The largest single liquidation occurred in Hyperliquid - BTC-USD worth $23.185 million.
🔥 Market sentiment is stable, and the next trend will be dominated by data and interest rate cut expectations.
The current turnover rate is at a high level, mainly reflecting that investors are engaging in trading games at a critical stage. It is expected that the turnover rate will gradually decline after today. Data also shows that recent turnover mainly comes from short-term investors who bought at low levels, especially those whose costs are below 90,000 are reducing their holdings relatively significantly.
Currently, the overall structure of market chips is normal, with no abnormalities in stability, and high-position holders are not showing panic selling. Future trends need to pay attention to the economic data in December; if the expectation of interest rate cuts continues to strengthen in January, market enthusiasm is likely to continue.
If you don't understand and can't grasp the direction, remember to follow me 👇
✅ Today's market analysis:
BTC
The key support for Bitcoin today is still around 88700, with focus on the pin level in the 86200-86700 range, although the probability of a pin appearing is small. It is more likely to consolidate around 89000-88000, building momentum for a rebound next week. In terms of operations, just reserve for pin responses. Short-term pressure is at 92500, which is a watershed for long and short positions; without a breakthrough, the trend is difficult to strengthen.
SOL
The 129 support mentioned yesterday will be tested today; if it fails, it will continue to look down at 125.3. Short-term pressure at 137.7 has not been broken; the market is similarly hard to claim strength.
ETH
Ether's pressure at 3444 yesterday was effectively validated, peaking at 3446. Today's pressure has shifted down to 3338; it is difficult to show strength without a breakthrough. The support below is first seen in the 3130-3110 range, with a pin level to note at 2940.
BNB
BNB is currently the weakest on the board. Pay attention to the 873 position in the afternoon; if the hourly line closes above this level, then the pressures to look at are 882, 898, and 915; if it cannot stabilize above 873, then support levels to watch are 861, 846, and 830.
👀 Is the bottom-fishing opportunity in the altcoin market here?
Observing the monthly trends of SOL, AVAX, and ENA, it can be found that they have reached key monthly support levels, which represent the movements of mainstream coins, established public chain coins, and new coins in this bull market, reflecting the overall state of the current altcoin market.
From a technical perspective, the current position has certain bottom-fishing conditions, but market sentiment still appears cautious, and many investors are still observing. If even the monthly support level cannot trigger an effective rebound, then the prospects for some altcoins may face more severe tests.
🤡 Recently, the leverage structure of the altcoin market has shown significant differentiation.
The short positions of currencies such as HYPE, XMR, and ASTER have been largely liquidated, and what is piled up on the market is mainly long leverage. This may easily trigger a series of liquidations for the long positions, making the short-term trend of these currencies relatively weak.
In contrast, VIRTUAL, FIL, BON, and PEPE show the opposite pattern, with leverage concentrated on the short side, making it easier for the market to experience a short squeeze, hence the potential for a rebound should be greater.
$LUNA
This LUNA has also started to rebound. It seems that this wave of market activity is really getting more lively. Once a good position is found, one can short LUNA. I believe the final destination of this currency is likely to return to where it came from.
$BudgyBenguin
The Tiger Skin Penguin BudgyBenguin hit the peak of popularity last night, gaining official interaction from BNBCHAIN. The first wave ATH was only 500,000, establishing a bottom at over 100,000. The primary reason for the first wave was the frequent calls from KOLs, and historical experience shows that BSC hotspots often undergo deep wash cycles (this round has already fallen 80% at the hourly level, from 500,000 to 100,000), not allowing retail investors to easily take positions. The wash may have already ended, and the trend is basically clear.
$ASTER
The handling of this coin is very precise; the 0.9 position has been tested several times without truly breaking it, and even if it briefly breaks, it is immediately pulled back. The key is that CZ has positions at this level, which has become a psychological barrier and retail defense line. Currently, it seems likely to break down; closely monitor the 0.9 position, and if it effectively breaks down, just short it directly.
Three Alphas today
$CYS (ZK+AI infrastructure) will go live at 4 PM, with 21.85 million funding, led by a domestic team, synchronizing with KuCoin.
$BTX (music copyright RWA) will go live at 6 PM, with funding of 6-9 million, synchronizing with Gate.
$US (SUI ecological stablecoin) is open for collection (5-10 $US per person), synchronizing with Bitget.
All projects hope to quickly land with the warming market.
