The roller coaster in the crypto world is too thrilling! Last night directly staged a 'night of horror', with Bitcoin dropping below 90,000, ETH almost turning into a two-digit number, but altcoins celebrated wildly against the trend, and some earned a fortune by just lying down~

Market shock: 1 hour liquidation of 187 million, longs were bloodied!

OKX data shows that at 22:55 Taiwan time last night, BTC suddenly entered a downward mode, directly breaking below the 90,000 dollar mark around midnight, completely reversing the gains from the previous day! Fortunately, it has now climbed back above 90,000, temporarily stabilizing its position.

ETH also got caught in the crossfire, dropping around 200 dollars in the short term, barely holding above 3000 dollars at the time of writing, with a slight rebound. Even worse are the liquidation figures — Coinglass shows that in just 1 hour, 187 million dollars were liquidated across the network, with long positions being pressed to the ground, and the liquidation amount reaching 183 million dollars, a sight too tragic to behold!

The market is still in a volatile phase:

  • BTC: $92000-94000 is a key resistance, recovery is needed for a rebound, otherwise it may drop to $88000;

  • ETH: Resistance at $3200-3400, if it can't break through, the $3000 level may not hold.

Altcoin Celebration: New coins soared 3 times, the leader is taking ALPHA to the next level!

In stark contrast to the dismal state of the market, last night’s altcoins skyrocketed! The newly launched RAVE took off, directly tripling, along with CYS, POWER, WET, which surged continuously without pause.

This wave of wealth effect relies entirely on the leader @heyibinance! Since she started focusing on #ALPHA, the followers have made a fortune, it's simply 'even blind bets can yield profits'. Now the market has little to say, and there’s no action on-chain, the real profits are all in these ALPHA small caps, it’s so blissful~

Summary: The market is in a panic, while altcoins are soaring!

On one side, BTC and ETH are struggling at critical levels, with continuous liquidations; on the other side, altcoins are rising against the trend, with the leader taking ALPHA in the race. Right now, the crypto market is 'those in drought will die of thirst, while those in floods will drown', indeed, there are more opportunities in small caps during a volatile market~