๐ The anticipated "Santa Rally" has largely failed to materialize, with major assets retreating from their mid-year highs.
๐น๏ธโBitcoin ( $BTC ): Currently trading around $88,000, well below its October all-time high of $126,000. Analysts note that while long positions are still dominant, the market wiped out nearly $1 trillion in value over the last two months.
{spot}(BTCUSDT)
๐น๏ธโEthereum ( $ETH ): Hovering near $2,800โ$2,900. ETH has shown more significant weakness than BTC lately, with traders increasingly taking "short" positions as it tests critical support levels.
{spot}(ETHUSDT)
๐น๏ธโSolana & Altcoins: Solana ( $SOL ) is steady near $123โ$130, while #BNB has seen a slight recovery to $860. Overall, the global crypto market cap sits at approximately $2.93 trillion.
{spot}(BNBUSDT)