The earth revives and everything comes back to life, old and new alternates. During this period, platform tokens have been surging sharply. Initially, I thought it was just normal fluctuations, but the recent movements have indeed been significant, making me feel something different. Once, HUOBI was so powerful, but now it has become marginalized. OKX truly led the way at the beginning of web3, with an exceptional experience and a wealth creation myth, but it too is gradually declining. When the platform token dropped from over seventy to thirty, perhaps the platform made a lot of money from contracts, but it also lost many customers. Once-familiar platforms are stagnating, while rising stars are catching up, taking the baton from their predecessors and leading the entire cryptocurrency community towards a better future. $BNB is currently 687; simply put, if we consider one hundred million tokens, it has a market value of 68.7 billion. Let's benchmark the market values of other platforms; there is significant room for future development. The most suitable strategy for platform tokens is to hold them and gradually become wealthy together.

Life is full of regrets
GT was sold at 10.8, thinking about buying it back later, but the market fluctuated wildly and kept rising. Luckily, I didn't short it; today it reached a high of 17.69, which is a historical high.
BGB was sold at 4.9, and because it was a limit order, I forgot about it and sold it. I thought, never mind, I’ll wait for it to drop a bit and buy it back. It has been rising these past few days, and today it reached a high of 7.37, a historical high.
BNB is currently locked for mining; it has been declining from 719 to 687 today, with the previous low at 618. If it breaks 600, I will buy more.
Overall, the market is still very volatile. Looking at the pattern from a higher perspective, BNB is still a key target for suppression, and it may be worth buying a little on the dips. The next target is 800.

#BTC上攻11万？
Don't doubt it, reaching 110,000 on Bitcoin is just a matter of time. Last time it surged to 108,000, and some even hit 110,000, with a breakthrough to 150,000 being possible if the old Trump pushes hard and starts to promote $BTC into strategic reserves after taking office. Initially reaching 120,000 should be no problem, barring unexpected events, but there are always surprises. Challenging sovereign nations has already proven to be a failure last time, and it was a complete defeat — exchanges have withdrawn, banks have stopped deposit and withdrawal services, and in the end, even mining has been phased out. This time, old Trump and old Musk are teaming up to make a comeback with Bitcoin, wishing them well.
There are still more than twenty days until old Trump takes office, and the risks remain high. I suggest waiting and observing. Last time at 92,000 I didn't dare to take action, and wanted to wait until it dropped to 88,000. Now the price of $BTC is 95,616. I'll enter with a small position when it breaks 90,000, and I'll buy again at 88,000.

Merry Christmas Binance always with you

When poor, focus on self-cultivation; when rich, help the world. Consider helping a few brothers and give it a try.

#加密市场回调
As the saying goes, the bold die from excess while the timid starve; there’s truth in that. Yesterday's pullback, if you had added to your position at the lows, should have resulted in profit at today’s highs. This market behaves like that, targeting the liquidation of long contracts. It reached around 92,200, with a pullback exceeding 20%, and at least 20% of long positions were liquidated. After reaching that point, it quickly surged, not giving you a chance to add to your positions—a true one-day bear market.
Having experienced a one-day bear market, the market remains severe. Christmas has not yet arrived, and the bulls have already made their move; could it be time for the bears to have their turn? Right after Christmas comes New Year's Day, which are all hotspots that the market makers can manipulate.
Finally, let me reiterate: focus on spot trading primarily, with contracts as a supplement. If you profit from contracts, buy physical Bitcoin. Remember, the end of contracts is liquidation.

There are more long orders below

At the edge of liquidation, 93000 and 92000 should be quite risky.

#比特币市场波动观察 The market is already in a state of panic now. Judging from the total positions, it has fallen by 20 billion. There should be countless liquidations and sell-offs. From the liquidation heat map, 92400 is the last intensive liquidation area. We also see 91161, a lonely line. But don’t be fooled by the heat map. There are a lot of orders waiting for liquidation at 88000 on the liquidation map. Just wait and see. It’s better to miss it than to make a mistake.

$BTC has already fallen below 95000. So, a 20% correction to 92650 is not impossible. I see some people set a target of 93500. You can decide for yourself. The consensus is that 90000 should be a strong support. I still have a short position at 82000 that I am too lazy to close. Will the market give me another chance to get out of this trap? Man-made black swan Lao Bao, please give me more strength. The lower limit of the correction will be 20%.

I took a glance at the liquidation data, over 1 billion liquidated in the last 24 hours. ETH had two large long positions liquidated, 15.64 million and 10.46 million, while BTC had a long position liquidated at 14.4 million. With the Spring Festival approaching, it would be quite painful if liquidated. Make sure to do your homework before opening positions. The price of $BTC is already quite high, a 10% pullback starts at 10,000 dollars. If you don't set a stop-loss, you'll either get liquidated or be stuck in a losing position.

#市场调整後的机会？
The market is currently in a cleansing phase, having accumulated so many long positions before, taking this opportunity to liquidate a wave. Today is only the 20th, and the so-called Christmas disaster has already arrived early. If we add Black Friday to that, it's hard to imagine.
According to convention, Bitcoin has already pulled back 10% after a surge, and 98000 has already exceeded that. The 15% position is at 92650, and 20% is at 87200. Let's see if this round will create history.

The Federal Reserve has cut interest rates by 25 points as expected, and Powell's speech is still sharp and critical. The current market lacks technical content; it's just about exploding contracts. Currently, $BTC is stable at ten thousand, and $BNB is stable at 685. It won't be easy to go further down, and the big players are not so kind as to push the prices down for you to get in.
Powell stated that Bitcoin is not allowed, and the law does not permit it, which is indeed true—a harsh reality. After all, the old Trump has not yet taken office; all of this will have to wait until he is in power to push forward. When Bitcoin breaks ten thousand and BNB breaks 680, it would be a good opportunity to enter with a small position. There is only one month left until old Trump takes office.

Seeing many people complain about this $rex, I also want to show my support. Many people say that the project party has too many insider trades and a lot of internal accounts, which might all be insiders taking the airdrops. Although the daily sign-in doesn't cost much in gas fees, doing it this way, with no returns, is truly a textbook example of being exploited (as a project on the opbnb chain, even the An'an wallet address can't pass KYC, which feels absurd; the team seems like a makeshift troupe).
To be honest, in terms of web wallets, OK did it early and did it well, but the airdrops are hard to obtain, all based on probability. So I gave up after using it for a while; behind the probability is human manipulation, and I'm not that easily fooled. Later, An'an also launched a wallet, and the initial benefits were good with many airdrops available. I'm not expecting too large airdrops; having some is enough, as little by little it adds up. But now, it feels a bit chaotic. Fortunately, the wallet is currently undergoing improvements, and I hope it will get better and better.

Try switching to usdt, bnb may not necessarily have a liquidity pool, I switched to u, it can be exchanged

$BNB Bitcoin has once again hit a new high, constantly attracting a lot of capital to flow in. Unfortunately, when it was more than 80,000 or 90,000, I changed the currency to $BNB . Although the return is a little worse, the performance of bnb is also dazzling. If you say that you don’t have any goals after Bitcoin for the time being, you can consider bnb. You can earn interest through financial management, mine automatically, and there are various airdrops. Make friends with bnb and you will slowly become rich.

After watching the square, I heard that this pullback created the second largest liquidation history, even more intense than 312. Actually, I don't feel much; I didn't open a large position. When BTC was at 96800, I added a bit (because my short position was opened early, I could only rely on the long position to slowly pull it back). I believe the core of trading is to survive; only by surviving can there be a possibility (the same goes for real life). Everyone goes through stages of spot - contract - liquidation - spot - contract. If the end point of contracts is always liquidation, then we should enjoy the process. If you make money, remember to withdraw it and spend it; what you spend is yours, otherwise, it's just a pile of numbers.

Currently, this position of Bitcoin is very tense, with a price of ten thousand dollars, it has been sideways for several hours. There is a significant disagreement between bulls and bears at this level, and a situation of mutual destruction between bulls and bears has already formed. We are just waiting for the signal to break the cup. Those with small courage should observe for a while, while those with big courage can double their positions. Let's guess the script: first go up and then down, with a spike of five thousand points.

Let's talk about BNB again. The situation these past few days can be summed up with a phrase from Shanghai's Uncle Ya: it's been making your head spin with its rise.
Why did the cryptocurrency market start to go wild after the understanding king's election victory? Because a large group of newbies have come in, and they are entering with real money. Why do we call them newbies? Because they don't understand anything and just come in to buy the leaders, so Bitcoin has been driven up by these people, almost breaking 100,000.
The situation with BNB is the same; it resembles stock traders who, when good news hits, rush in with their eyes closed. Assuming there are limits on price fluctuations, I estimate that you won't be able to buy BNB in the next half month.
To summarize the two good news for BNB: one is CZ, who might be pardoned or could enter the cabinet; the enemy's enemy is a friend, and there is some truth to the rumors; the other is the exchange, which is even more explosive, with rumors of an IPO. Just look at the price of Coinbase, and you'll know how explosive it is.
Lastly, a disclaimer: all of the above is based on rumors. Please discern for yourself. The account belongs to you, and the money is yours; please take responsibility yourself. Those who shift blame won't achieve great things.

Spot trading has never lost, contract trading has never won, what kind of feeling is that?
Open the liquidation data table, and you will find that liquidations are mainly dominated by long positions. Are those who go long committing a taboo? Why are they treated this way when opening long positions?