The market today feels like it's about to celebrate, moving neither too hot nor too cold.
In the past 24 hours, Bitcoin has slightly consolidated around 87k, and Ethereum has also retreated to over 2900. The total market capitalization has slipped below 29.7 trillion, with many altcoins continuing to face pressure, especially in the meme and NFT sectors, where some have dropped over 2%.
This situation is mainly due to several reasons: light trading during the Christmas holiday, over a hundred million net outflows from institutional ETFs, and a clear risk-averse sentiment as the year ends; coupled with the aftershocks of Japan's interest rate hikes, global risk assets are all adjusting. Retail sentiment is also low, with the fear and greed index still lingering in the fear zone.
But don't panic, this kind of washing out at the end of the year is quite healthy. Bitcoin is steadily holding in the 85k-90k range, and once the options expiry is done in the next few days, the direction may become clearer. In the medium to long term, institutions are still positioning themselves on dips, and fundamentals in DeFi and data layers are also progressing.
Today there’s a highlight: BANANA (the sniper robot track) surged against the trend by over 30%, with daily trading volume soaring into the hundreds of millions. It’s worth keeping an eye on, but definitely avoid FOMO, do your own research before making a move.
In summary, the market is resting, and so should we. Hold your positions steady, and enjoy the holiday— the grand show of the bull market is just beginning next year.
#BTC #圣诞行情 #Banana代币 #狙击机器人 #年底洗盘