🚀 In the past 24 hours, the cryptocurrency market has dropped by 3.54%, with a monthly decline of 12.12%. Today's drop aligns with ongoing negative sentiment and the trend of investors selling off risk assets. The main driving factors for price movements in the past 24 hours include:
1. Concerns over Federal Reserve rate cuts - Polymarket predicts the likelihood of the Federal Reserve cutting rates in December has risen to 94%, leading to profit-taking.
2. Liquidation cycle - Bitcoin long positions were liquidated (daily increase of 62%), triggering a sell-off.
3. Transitioning from altcoins to Bitcoin - Kevin O'Leary warns that 'most altcoins will fail', prompting investors to shift towards Bitcoin.
💥 Liquidation alert:
In the last 24 hours, a total of 132,386 people were liquidated across the network, totaling $418 million, among which the longs suffered heavy losses ($349 million), and the shorts were not spared either ($68.6448 million).
📊 Mainstream coin performance:
1.Bitcoin (BTC): Price approximately 89689, 24-hour drop 3.09%
Today, Bitcoin needs to hold above 89770 and stabilize at this position for 1-2 hours for a rebound to officially start. The upper levels to challenge are 91370, 92680, and 94155.
If it can't hold 89770, it indicates a weak rebound, likely to continue downward. Focus on support levels of 88000, 86230, and 84000.
2.Ethereum (ETH): Price approximately 3043, 24-hour drop 4.41%
The key level for Ethereum is 3033; it must hold this position for 1-2 hours for a rebound to be possible. Next, it should aim for 3065, 3107, and 3150.
If 3033 can't be taken down, the downward mode may continue, and we need to protect the positions of 2978, 2915, and 2867!
3.BNB: Price approximately 887, 24-hour drop 2.02%
BNB looks at the 888 position today; it can only start a rebound after stabilizing for 1-2 hours. The upper target is 901, 913, and 928.
If 888 can't hold, it indicates insufficient rebound strength, and we need to watch the support levels of 870, 857, and 844.
4.SOL: Price approximately 134, 24-hour drop 4.11%
The core level for SOL is 133; after holding for 1-2 hours, the rebound can follow. The upper resistance levels are 137, 140, and 144 in sequence.
If it can't hold 133, keep a close eye on the support levels of 130, 128, and 126 on the way down; don't let the market run away!
🌡️ Market sentiment:
Today, the total market value of cryptocurrencies is approximately $3.03 trillion, with a total trading volume of about $134.88 billion in the last 24 hours.
Current market sentiment is 22 (fear). Due to ETF fund outflows, pressure on derivatives, and several weeks of panic sentiment, the overall market sentiment remains low. However, discussions around recovery on social media have increased, indicating that market sentiment may be recovering. Notably, if the 'Fear and Greed Index' remains above 30, it could signal that market sentiment is warming up.
Today's cryptocurrency rise and fall ranking 🔥
📈 Top 3 Gains:
1.LUNC: Price $0.00005484, 24-hour increase 70%
2.LUNA: Price $0.1026, 24-hour increase 35%
3.ACE: Price $0.268, 24-hour increase 23%
📉 Top 3 Drops:
1.SXP: Price $0.0592, 24-hour drop 17%
2.BAT: Price $0.2473, 24-hour drop 17%
3.VOXEL: Price $0.0272, 24-hour drop 16%
✨ Other mainstream coins performance:
Dogecoin (DOGE): Price $0.14017, 24-hour drop 5.38%
Tron (TRX): Price $0.2862, 24-hour drop 0.59%
Cardano (ADA): Price $0.4166, 24-hour drop 5.90%
Hyperliquid (HYPE): Price $31.002, 24-hour drop 7.98%
Avalanche (AVAX): Price $13.35, 24-hour drop 7.99%
Stellar (XLM): Price $0.2415, 24-hour drop 4.55%
Sui (SUI): Price $1.5557, 24-hour drop 5.91%
Chainlink (LINK): Price $13.73, 24-hour drop 4.32%
Hedera (HBAR): Price $0.13447, 24-hour drop 3.63%
Bitcoin Cash (BCH): Price $566.3, 24-hour drop 2.33%
Shiba Inu (SHIB): Price $0.00000832, 24-hour drop 4.81%
Litecoin (LTC): Price $80.86, 24-hour drop 3.50%
Pepe Hiba Inu (PEPE): Price $0.00000442, 24-hour drop 7.14%
Toncoin (TON): Price $1.584, 24-hour drop 0.50%
