Daily Market Overview | Dec. 10, 2024
Total Crypto Market Cap: $3.48T, Down 2.56%
Fear & Greed: 76/100
#Bitcoin price trades around $97,508 Down 1.06%
BTC Dominance 55.5%
#Ethereum price trades around $3757 Down 2.68%
ETH Dominance 13.0%
🔸Top Gainers among top 500
$MOVE $CRV $BEAM $ONDO $VIRTUAL $AAVE $ENA $PEPE $MNT $LEO $OM
🔸Top Losers among top 500
$BRETT $WIF $IOTA $WLD $EOS $GALA $FLOW $SAND $JUP $BONK $APT $TAO
🔸Trending Coins
$MAD $PROPC $LOFI $SPX $ONDO $BTC $SOL $XRP $DOGE $SUI $HBAR
BTC Price: $BTC after showing a good move finally retraced and bounce back to $94,150 to liquidate longs. The heavy buying of Microstrategy of almost 21,550 helped BTC to move back to the area of $97,500. Bitcoin liquidity is piling up on both sides, It looks like #Bitcoin will move sideways for a few days. My areas for this sideway moves are from $92,100 to $101,250. The worst scenario for BTC is $87,200 if BTC doesn’t hold $90,000 psychological support.
What we saw yesterday is extremely painful and its not nice at all. It was a bloodbath in altcoins and almost $850M liquidated in just 1 hour. In my 7 years’ crypto journey I never saw this type of bloodbath. But every dark night bring bright sunshine, I am pretty sure about this if BTC doesn’t fall and remain sideways we could see a massive upward move in altcoins, because market has liquidated almost all long position holders and now it will go for short traders. This type of crash is mandatory for massive upward trends, so keep buying my altcoins especially my recommended ones for this month of December.
In the past 24 hours , 511,198 traders were liquidated , the total liquidations comes in at $1.57 billion, Long $1.39B, Short $183.30M. Let’s keep an eye on the charts and trade smartly!
