According to Coinglass data, the entire network has been liquidated for $811 million in the past 12 hours, of which long orders have been liquidated for $730 million and short orders have been liquidated for about $80.44 million. Bitcoin liquidated for about $159 million, Ethereum liquidated for about $112 million, and SOL liquidated for about $41.7082 million.

After a sharp adjustment in the cryptocurrency market this morning, the price of Bitcoin fell to the $65,000 level. At the same time, the price of Ethereum has also fallen significantly in recent hours. Ethereum hit a low of $3060

According to OKX market data, BTC briefly fell below 65,000 USDT this morning, hitting a low of 64,845 USDT. It is currently trading at 66,792 USDT, a 24-hour drop of 4.8%. In addition, ETH hit a low of 3,060 USDT and is currently trading at 3,222 USDT, a 24-hour drop of more than 8.42%.

Of particular interest to us here is that Ethereum’s multi-chain on-chain indicators are currently showing a bearish trend, including a significant decline in the ETH to BTC ratio.

Such market trends may prompt more investors to choose to sell, thereby strengthening the selling pressure in the market. However, at the same time, whenever the price falls to a certain support level, there will always be active buyers entering the market, looking for buying opportunities.

This suggests that the market may continue to experience some volatility in the short term, and investors need to pay close attention to market dynamics and various on-chain indicators to better understand market trends and make informed investment decisions accordingly. At the same time, it is also very important to remain cautious and conduct proper risk management.

All cryptocurrencies, led by Bitcoin, are in a downward trend.

As cryptocurrency prices plummet, altcoins bear the brunt

The altcoin world was hit harder by the drop than Bitcoin, with many altcoins seeing double-digit losses. Coins such as Solana, XRP, Dogecoin, Toncoin, Cardano, and Avalanche have all dropped 10-16% in 24 hours. Dogwifhat, Bonk, and Arbitrum are among the worst performers in the top 100 by market cap.

However, the more the market fluctuates and plummets, the more opportunities there are to buy at the bottom. I have quietly ambushed these 5 coins and waited for a tenfold return!

PIXEL

PIXEL: Currently the number one game on Ronin. It has the main Southeast Asian users of Axie. Axs rose 400 times in the last bull market. It is the son of the family. Layout in batches below 0.6 to buy the bottom

EVERYTHING

ALT: Binance, CTO of Coinbase, founder of Polkadot, well-known institution, strong background. It belongs to the blue ocean track. Below 0.55, both short-term and long-term are relatively optimistic.

This one

ENA raised 32.3 million US dollars, and its TVL exceeded 3 billion US dollars. It is supported by more than 95 investment institutions and investors. The investment institutions are basically American Wall Street consortiums. It is a real big bull coin. The background of the investors is amazing. Binance, EUR, and Kraken giants participated in the investment. The founders are from Wall Street and have worked in Morgan Goldman Sachs and Citadel successively. This year's hundred-fold black horse coin, 1.2 US dollars for the layout is no problem at all

ok

ONDO Wall Street Capital, regular army, endorsed by the US government, Coinbase's own son, CB's RWA project also cooperates with Sol, Wall Street Jump market maker TIA Sol SEI has this market maker behind it. 0.7 and below in batches

DONE

FET: The merger vote will end soon, and the merger into ASI will have great benefits. The AI ​​sector is the narrative trend in 2024. Binance launched TAO, which has driven the popularity of the AI ​​sector. Long-term holding near 2.1

Summarize

The upward trend will not change due to a short-term decline. Appropriate pullbacks in the bull market will be more conducive to going higher in the future. During the bull market, don’t let your bear market post-traumatic stress disorder stop you from buying. Many strong altcoins can achieve a V-shaped reversal within a day. Decisively buy the tokens you were optimistic about in batches.