Playing with altcoin leverage too much, you will discover a strange phenomenon:
If you set a stop-loss, it always seems to bounce back or retrace right after, feeling as if you are deliberately caught; if you don't set one, it feels like there's an invisible hand pushing you until liquidation. In fact, there’s a big pitfall here: you are actually gambling against the project team, who can see your cards, so your chances of winning are naturally reduced. Therefore, when trading contracts, it’s best to choose major coins like Bitcoin and Ethereum that are being traded globally; with more people gambling, the opportunities for manipulation are fewer.
To be realistic, yesterday in the U.S., Bitcoin and Ethereum ETFs received a lot of money, with Bitcoin getting over $600 million and Ethereum over $50 million. Additionally, since December, over 400,000 Ethereum have exited exchanges, and the amount in large wallets is increasing, it seems everyone is optimistic about Ethereum taking off.
Now, regarding the Mentougou issue, a significant amount of Bitcoin in their wallets has moved, with over 1,600 transferred out. Bulls should be cautious and manage their positions risk control. There's also new movement in the U.S., with a third state planning to legislate Bitcoin as a strategic reserve. Moreover, Bitcoin has generally performed well during the Christmas period over the past ten years, averaging around a 1.3% increase.
However, SOL has recently been performing poorly, showing little difference from those altcoins, and it has even dropped more sharply than LTC, with constant selling by individuals and institutions. But MicroStrategy seems quite hopeful; it might be included in the S&P 500 by June 2025. There’s also SUI, which will unlock 2.19% on January 1, so we should keep an eye on that.
Now that BTC has surged to around 105,000, the market is fully erupting! In this situation, it’s the best time to layout potential altcoins! I have carefully selected a cryptocurrency expected to increase 2-3 times in the short term and 5-10 times in the long term. Leave a comment + like for a free share!