No need to look anymore! Ethereum is stable! Bitcoin is stable! Now let's provide everyone's analysis.
First: From the liquidation data, Ethereum's 24-hour liquidation amount for long positions is 200 million USD, while Bitcoin is only a little over 100 million. This indicates that after Bitcoin reached a peak, many people opened long positions in Ethereum. Similarly, from the size of the liquidation amounts, we can see the distribution of retail investors' chips. Dogecoin surpasses Solana, Ethereum surpasses Bitcoin. Therefore, this round of spikes is aimed at altcoins, and Bitcoin's pullback hasn't dropped below 10,000 points, while Ethereum, Dogecoin, and those favored altcoins are dropping even more sharply.
Second: Since everyone's chips are so concentrated and the funding rates are rising sharply, the market is overheated, all looking at long positions, who dares to open short positions? Only by achieving a balance between long and short can we reach the mid-term of a bull market. From Bitcoin's movement in the past two days, it has been suppressed at 100,000! However, slow rises and sharp drops, each time it slowly rises, it gets thrown back down by a sharp drop! This creates a false impression that when it reaches 100,000, I will open a short position.
Third: Slow rises and sharp drops lead to big increases! Microsoft's orders haven't arrived yet! If it rushes through the 110,000 barrier, what chaos will the crypto world become? After reaching 100,000 this time, many people will again habitually open short positions.
However, this time, it may not easily go down again.
Ethereum Chain Newcomer #puppies coins (last four digits 6eb2)
Ethereum Chain #Marvin coins (last four digits 7055) market value is only over 10 million now, and it is still Musk's Dogecoin, with easy hundredfold potential, don't miss out.
