Bitcoin experienced a significant dip after briefly breaking through the $100,000 mark, plunging to $94,150 at around 5 AM yesterday, with a maximum drop of 6.25%. As of now, the Bitcoin price has rebounded to $97,496. Yesterday, we mentioned that there would be adjustments at the 4-hour level, and we also warned contract players to pay attention to risks; sharp rises and falls are most common in a bull market.
Last night, the three major U.S. stock indexes fell in unison, with the Dow down 0.54%, the S&P 500 down 0.61%, and the Nasdaq down 0.62%. MicroStrategy (MSTR.O) fell 7.5%, and Coinbase (COIN.O) dropped over 9%. This may be one of the reasons for the decline in Bitcoin's overall market. Last night, the market followed the panic sell-off in U.S. stocks, hitting a low near 9,400. Though it found support, it still needs to be repeatedly verified; it seems that this position will inevitably undergo repeated adjustments and fluctuations in the short term, estimated to last about 1-2 weeks.
In the past 24 hours, 572,000 people have been liquidated across the entire network, stay away from contracts!
In the past 24 hours, 572,000 people have been liquidated across the entire network, with a total liquidation amount of $1.751 billion. This even exceeds the scale of 100,000 liquidations during the 2020 '312' crash. The record for the largest single-day liquidation amount in this bull market has been set, and top indicators also show that the current market has cooled down, with FOMO sentiment gone; it has been a long time since we have seen such a large liquidation amount.
Significant corrections ≠ bear market
Those who have suffered significant losses recently can choose to take a break for a while. The future market trends are still influenced by various news, mainly fluctuating with some declines. Profit-taking on high points is advisable, do not chase highs or panic sell, and do not trade with too much emotion. Sometimes choosing to reduce holdings and rest can also be a wise state.
Su Bai believes that the market has risen for so long, and a correction is normal. Profit-taking is necessary; at least the bull market hasn't ended. Adjust your mindset, and after a while, everything will be clear!
There are no liquidation risks in spot trading, just focus on what you need to do. Otherwise, staring at those groups all day will scare the retail investors to death, watching the market affects mood. No one can avoid every drop or perfectly time every rise. Gains and losses come from the same source; only then can you achieve significant results! Remember to reduce leverage and hold spot!
Seize the future wealth code! Layout of this list of 100x increase tokens!
(1) These three belong to relatively strong tokens that generally rebound the fastest:
1.WIF
As of the time of writing, WIF price has retraced to $2.97, with a market capitalization of $2.976 billion, ranking 51st in cryptocurrencies. Good coin WIF, the next target is a $10 billion market cap.
2.FLOKI
Current market capitalization is $2.263 billion, with a 24-hour trading volume of $1.996 billion.
Inspired by Elon Musk's dog and supported by strong social media, Floki combines the charm of memecoins with practical ambitions.
Despite the significant price fluctuations of Floki, it could become the dark horse of the next bull market, thanks to its strong brand effect and market momentum.
3.TURBO
Current market capitalization is $745 million, with a 24-hour trading volume of $856 million.
This token of turbo is not well known at the moment, but it has a good growth potential.
Turbo is an AI-generated memecoin that has quickly swept the market with its recent astonishing growth.
(2) These three are strong newly listed tokens, with high odds:
1.neiro
Current market capitalization is $725 million, with a 24-hour trading volume of $1.879 billion.
Neiro's capitalization debate in September has driven the market rhythm, sparking the second wave of meme frenzy in 2024.
Looking at the short term over the next month or two, the current price of neiro is very attractive, definitely returning to the 1 billion tier, and if it performs strongly, it could even reach 2 billion, so Su Bai still holds a significant amount of neiro.
2.act
Current market capitalization is $465 million, with a 24-hour trading volume of $601 million.
The virtual western world built by AI Agents has become one of the most imaginative and popular topics in the current bull market. This is also why Su Bai firmly holds ACT, as being part of the track allows for direct enjoyment of the entire track’s growth dividends.
It is worth noting that ACT is currently the only token related to AI Agents on the BN platform, possessing unique scarcity advantages. The ACT community is dedicated to promoting the development of AI memes, and many AI agents are already working around ACT.
AI memes are undoubtedly an important track in the field of on-chain assets and may even reshape the meme ecosystem.
3.pnut
Now, PNUT’s market capitalization has exceeded $1.5 billion, entering the top 100 of the cryptocurrency market.
For investors seeking short-term high returns, PNUT is undoubtedly a noteworthy option.
It not only has a very high level of community participation but also possesses a unique social media effect, potentially becoming the next Dogecoin in the future.
(3) These two are suitable for heavy long positions, you decide:
1.PEPE
PEPE (Pepe Coin) market cap exceeds $10 billion: the flag breakthrough target is $0.00003.
PEPE's weekly increase reached 26.14%, sparking discussions about its market cap surpassing SHIB. Unlike SHIB and DOGE, despite the large-scale corrections in meme coins, potential declines may trigger buying opportunities for PEPE coins, but PEPE still maintains a strong upward momentum.
2.DOGE
Dogecoin is currently the top choice, expected to show tremendous soaring potential next month. Thanks to Elon Musk's multiple endorsements and the clever alignment with the new department name acronym D.O.G.E, Dogecoin has demonstrated extremely high liquidity and trading activity, with a steady trend.
We have reason to believe that Dogecoin will see explosive growth next month. Once Dogecoin starts this strong rally, the adjustment phase of the meme coin sector may come to an end, followed by potentially crazier market conditions.
This wave of excitement is expected to start around mid-December.
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