In the new week, the Federal Reserve struck a blow to the market. Does the Bitcoin sentiment still need to cool down? Be cautious of liquidity shortages amplifying market volatility as we approach Christmas! Bitcoin has fallen below $95,000, and Ethereum has lost the $3,300 mark. This round of the bull market has not yet seen significant corrections to reach its target, and now, as Christmas approaches, funds are tight, making it possible to see an extreme market before old Powell takes office. The market's risk-averse sentiment is strong.
In the past 24 hours, $270 million was liquidated.
In the context of a fluctuating decline, according to Coinglass data, the total liquidation amount in the cryptocurrency market reached $270 million in the past 24 hours, with long positions liquidated at $204 million and short positions at $71 million, over 106,000 people were liquidated.
Let's take another look at HYPE coin, which has recently stirred up a wave in the market! According to market data, HYPE coin's price has surpassed the $35 mark, setting a new historical high. This price surge has drawn widespread attention from the market, with investors actively discussing its future trajectory. HYPE coin's strong performance not only reflects market recognition of its potential but also injects new vitality into the digital currency market.
In the past week, HYPE performed as expected. HYPE showed outstanding performance, with a 42.7% increase, firmly maintaining its position as the second largest gainer. Subsequently, the token saw a significant drop, trading slightly below $27. However, this early setback was followed by a period of price volatility, reflecting the uncertainty of market sentiment.
Finally, all you need to do is blacklist those who say the bull is gone and the bear is here!
A bull market doesn't just rise fearlessly; it always comes with corrections and liquidation of leverage. So don't pay attention to those who start spouting numbers beginning with 6 or 5 at the first sign of a drop. I'm here to responsibly tell you that the bull is still here, please believe in your faith! Buy small on small dips, and buy big on big dips, that's the way to go. If you don't dare to buy on a dip, do you really want to chase the price up when it rises? Buy spot slowly, strong sector coins, mainstream coins, and build your position gradually!
