After Bitcoin surged overnight past $99,900, it instantly crashed! Over 100,000 liquidations across the network!
Recently, the volatility in the cryptocurrency market has intensified significantly. Early this morning, Bitcoin briefly surged and exceeded $99,900, but by the afternoon, the price quickly retraced, falling below $96,000. This drop affected not only Bitcoin but also caused declines in other cryptocurrencies, such as Ethereum, Dogecoin, and Cardano, each experiencing varying degrees of decrease.
According to Coinglass data, as of the 26th at 19:50, over 100,000 people in the cryptocurrency market have been liquidated in the past 24 hours, with a total liquidation amount reaching $287 million.
Since December began, the volatility of cryptocurrencies, led by Bitcoin, has noticeably intensified. On December 18, Bitcoin first broke through $108,000, setting a new historical high; however, just one day later, on December 19, Bitcoin began a rapid decline, dropping below $100,000 during trading; by December 20, Bitcoin's downward trend showed no signs of stopping, falling below $93,000 during trading. By around 21:00 on the 20th, over 420,000 liquidations occurred across the cryptocurrency network in the past 24 hours, with total liquidation amounts reaching $1.4 billion.
In the coming days, Bitcoin prices will fluctuate widely between $92,500 and $99,900, while market volatility has also led to many investors being liquidated again, with significant fluctuations in market sentiment.
A group member asked Egg Boss if the altcoin season is still on? I have always believed that altcoins only have the opportunity for significant rises during the 'hot season.'
So what is the 'hot season'?
1. Not every altcoin will skyrocket, and the market won't be universally hot.
2. Only 1 to 3 sectors will experience rotating surges.
Every time there is a hot season in the secondary market, the increase in hot coins usually ranges from 3 to 5 times.
When BTC is volatile, it's precisely during these times that hot altcoins perform the best.
It's normal for prices to rise and fall.
Typically, sectors that everyone is optimistic about tend to experience delayed explosions, while those that are less noticed may explode early.
In this bull market, one should earn slowly. If you are eager to make quick money, you might miss opportunities.
Positioning 3 types of altcoins expected to increase by 100 times in the future!
APT
APT (Aptos) is currently trading at $9.05, up 1.20% in the past 24 hours. Its current market capitalization is $5.04 billion, with a 24-hour trading volume of $307 million. The ratio of trading volume to market cap is 0.1213, indicating strong liquidity. However, market sentiment towards this token remains bearish, with a fear and greed index at 74, signifying a relatively greedy market sentiment.
From the 14-day Relative Strength Index (RSI), it currently stands at 33.18, in a neutral zone, indicating that current trading may be relatively stable, with minimal price fluctuations. Analysts believe that Aptos may see a 226.19% increase by January 2025, with a target price of $29.82.
While Aptos has promising technical prospects, the overall market trend also indicates its potential and some uncertainties. The liquidity is attractive, but the bearish sentiment and neutral RSI remind investors to be more cautious now. Aptos aims to address blockchain efficiency and usability issues through technological innovation, but the final trend will depend on how the market moves.
NOT
Let's take a look at Notcoin, a decentralized cryptocurrency aimed at redefining real-world applications by integrating blockchain technology into various everyday services. From logistics to payment solutions, NOT is expanding its ecosystem through strategic partnerships while supporting businesses and individuals.
Currently, many platforms have included NOT in their payment options, expanding its use and increasing trading volume. Moreover, NOT has launched a carbon offset program, catering to the green trend and attracting many environmentally-conscious businesses and users.
In the past week, the price of NOT has increased by 1.28%, reaching $0.006443. Over the past 30 days, it has risen on 15 days, indicating stable and sustained performance. This has also brought more attention to its real-world applications and strategic partnerships, especially its potential in both cryptocurrency and traditional markets.
NOT combines practicality, scalability, and sustainability, making it a project worth long-term attention. By meeting real needs and prioritizing key areas, it has steadily secured a place in the cryptocurrency market. With a strong focus on usability, partnerships, and environmentally friendly operations, NOT not only survives in the competitive crypto market but is also continually growing.
UNI
Uniswap recently launched Unichain, a Layer 2 solution based on OP Stack infrastructure. Since October, Unichain has been running on the Ethereum Sepolia testnet, processing over 50 million transactions with an uptime of over 99%. An update expected on January 6, 2025, will enable a feature called permissionless error proof, which will further enhance its reliability.
Additionally, Unichain will be integrated into the Optimism Superchain, a network designed to enhance blockchain scalability and interoperability. Uniswap Labs actively supports this ecosystem, which could strengthen Uniswap's position in the decentralized finance (DeFi) space. This series of developments may impact the market performance of the UNI token, which currently ranks 23rd in cryptocurrency.
UNI's current price is $13.97, up 7.30% in the past 24 hours, with a market capitalization of $8.38 billion and a 24-hour trading volume reaching $481 million, showing strong liquidity. The current price is 42.80% higher than its 200-day simple moving average (SMA) of $9.81, indicating good market momentum. The fear and greed index is at 74, showing a greedy market sentiment.
Additionally, UNI's performance has also been relatively stable, with 17 days of increases over the past 30 days. The Relative Strength Index (RSI) is at 35.18, indicating a neutral market trend, which may lead to a period of consolidation. UNI's annual inflation rate is only 0.38%, keeping supply stable.
