In recent days, BTC and the entire cryptocurrency market have been dropping. Are you feeling a bit anxious? It’s normal for the market to rise and fall; the key is to analyze calmly and not panic at the first sign of a drop. Be rational! Yesterday, there was big news saying the U.S. government is going to sell the Silk Road's BTC, and the market immediately panicked, with short-term panic emotions rising. Additionally, the market had risen too sharply before, and is now in a correction phase. Some funds have also withdrawn to avoid risks before the new administration takes office.
So what should we do next? Will BTC continue to drop? What should we do if we are stuck in a contract?
$BTC is expected to adjust between 91000 and 96500. Looking at that K-line, it feels like it’s almost ready to adjust. But looking again, the funding rate is negative, and most people have turned bearish, so it might drop a bit more. However, the K-line has already spiked down twice, and there isn’t much space left below. Moreover, it's currently a bull market; even if it drops deep, it will recover quickly. Anything below 93000 is an opportunity, so try to seize it.
Let's talk about $BNB again, which is expected to consolidate between 680 and 720. It's quite strong! Why? Because there is value support! In the short term, platform tokens have become a safe haven.
Also, $ETH is expected to fluctuate between 3100 and 3550. It moved similarly to Bitcoin yesterday, but in the late night, it pulled back again. Its volatility will narrow a bit going forward. Among mainstream coins, its 200-day moving average is relatively high.
In the last ten days, Trump seems to be facing new challenges. A federal judge ruled on December 30 that the Department of Justice could sell 69,370 Bitcoins seized from the Silk Road dark web market. It is worth noting that previous sales did not have a direct impact on market prices because they were done through over-the-counter transactions, and this time will be no exception; it is expected not to go through the secondary market. However, market panic triggered by news often leads to a short-term drop in prices.
Currently, the U.S. government holds approximately 197,000 Bitcoins (worth $18.6 billion). Although Trump has expressed a desire to prevent the U.S. government from selling Bitcoin, this needs to happen after the power transition and with the support of Congress, so it is not directly related to Trump's intentions. He has no power over this.
Many friends are concerned whether this batch of Bitcoin has been sold out. From the currently known U.S. holding data, it seems that it has not all been sold, and may not even have started selling, as the Department of Justice has not updated relevant sales information. If it had been sold, there should be an announcement.
According to AngryX data, the popularity of AI Agent concept new coins remains high, with several new coins having a market value exceeding ten million dollars. Here are today's new popular projects:
LLM, created 17 hours ago, increased by 63000%, current market value is $42.5 million, trading volume is $200 million.
SENTAI, created 9 hours ago, increased by 26000%, current market value is $23 million, trading volume is $62 million.
Sola AI (SOLA), created 6 hours ago, increased by 6100%, current market value is $16 million, trading volume is $53 million.
Fatcoin, created 8 hours ago, increased by 26000%, current market value is $22 million, trading volume is $33 million.