The bitcoin price fell below 96,000 last night, which again caused a lot of people to worry. They began to frequently trade in pursuit of rising and falling prices, fearing a sharp drop.
However, judging from the on-chain data, the current trend is still positive. The exchange's big coins continue to flow out of the exchange. From the 19th to the 25th, more than 12,000 big coins flowed out of BN alone, indicating that big capital is still accumulating funds.
As for Bitcoin ETF, $190 million flowed in last Thursday and $500 million flowed in on Friday.
So don’t worry, the bull market won’t keep rising. There won’t be rising prices every day. You should hold on to your stocks even when the market falls back.
The key word is hold on. This round of US policy bull market is very crazy. Don’t wait until the price starts to rise before asking whether you can still buy. Only by ambushing before the price rises sharply can you get big profits.
The next week is Thanksgiving. Historically, financial markets have performed relatively well during Thanksgiving. After all, no one wants to suffer a setback during the holidays. It is expected that U.S. stocks, including the cryptocurrency market, will continue to fluctuate upward.
There are no particularly important events this week. There will be the Federal Reserve minutes on Tuesday and PCE on Wednesday. These will also affect the base for subsequent interest rate cuts!
FTX has confirmed that it will launch a restructuring plan early next year
It is also expected that compensation of approximately 16.5 billion US dollars will be distributed to previous users. In other words, these are paid directly to small retail investors. What will happen to these small retail investors who are in the bull market when they receive these compensations?
The market will usher in another wave of liquidity from old users of the cryptocurrency circle, so don’t be afraid of a pullback, as it is also an opportunity for us to get on board when clearing positions.
SAND soared 100% in two days, and the old public chains collectively awakened
The figure below shows the growth performance of the top 100 tokens in the past 24 hours. It can be seen that SAND (up more than 100% in the past two days) and MANA, two old Metaverse concept coins, have seen amazing growth in recent days.
Performance of each sector in the past week
According to Artemis data, in the blockchain sector in the past seven days:
The largest average increase of 36.4% is Data Availability (Celestia, Dymension, but there are fewer tokens in this category)
The second place is Gaming with 25.4% (SAND, AXS, MANA...)
The third place is 22.1% of the old public chains (ADA, VeChain, IOTA…)
How to judge market hype and new tracks?
You can pay attention to Binance, CB dynamics, the US macroeconomic situation, mainstream media and US stock hot spots, as well as the comments of celebrities in the crypto field, find corresponding narrative projects in the crypto market and analyze them, and keep up with the market hype trend. The market is always right.
In the past one or two years, new tracks such as Depin, RWA, Payfi, and BTCfi have emerged. We should pay attention to whether similar projects have been favored by big funds.
The hype of DOGE and PNUT in the past month is an example. Even if it is impossible to predict, timely follow-up can also seize the opportunity. After all, PNUT is not achieved overnight.
The most worthy track currency to ambush at the moment
1. Meme section
Doge
I have always been optimistic about the car, and with the support of Musk's market, huge amounts of funds are pouring in, showing strong momentum.
2. Ethereum Ecosystem
Him
The decentralized exchange is also a leader, with a stable position, and market fluctuations will not affect its long-term potential. The public chain will be launched later this year, and node operators will have to pledge UNI, which will be used as gas for the public chain.
Ldo
Liquidity mining has its own characteristics, with low market value but strong liquidity, and is worthy of attention. Ethereum ecosystems such as ssv and Pendle have their own characteristics, and are related to finance and mining.
3. Sol Ecosystem
Ray
The decentralized and stable BI protocol has strong competitiveness and great growth potential. It is a rising star in the SOL ecosystem such as JUP and JTO, and is good at both finance and games.
4. AI sector
Arkm: Using AI technology to provide the market with intelligent investment solutions, professional and reliable.
5. Public chain sector
THERE IS:
As one of the representatives of the third-generation public chain, Ada was initially launched because its founder had a relationship with the Trump campaign team and rose. It broke through the $1 mark for the first time since April 2022.
On the
Sui is a Move-based public chain known for its high-performance transaction processing, with updated architecture and strong growth momentum.
