After nearing $99,000 yesterday (25th), Bitcoin continued to decline, hitting a low of $92,601 around 6 a.m. today (26th), a drop of $6,000 overnight, marking the most significant decline in nearly three months.
Before the deadline, there was a rebound, currently reported at $94,106, down 3.22% in the last 24 hours.
In the past 24 hours, the total liquidation amount reached $520 million, with over 160,000 people liquidated.
In the face of Bitcoin's volatile decline, data from Coinglass shows that in the past 24 hours, the total liquidation amount in the cryptocurrency market reached $529 million, with long positions liquidated at $386 million and short positions liquidated at $142 million; over 162,000 people were liquidated.
Recently, the blockchain gaming market has seen significant growth, with established projects like $SAND, $MANA, and $AXS all rising, showing obvious sector rotation effects. However, after three years of reshuffling, the sustainability of this sector is still worth paying attention to.
Taking the recently best-performing coin $SAND as an example, it experienced a 149-day adjustment since its peak in March, and then it broke through the daily resistance line for the first time. During the subsequent pullback, it did not drop below the daily trend line, shaking off weak hands, and then began a significant rally.
In just four days, it compensated for the 149-day decline; in this case, retail investors do not hold many chips, mainly the market makers began to raise prices after accumulating. As retail investors see the rise and chase the price, there is only one step away from breaking through at the weekly level. If it can stabilize above 0.82, it is expected to rise above 3 dollars.
Trump's trading reveals a 'turning point' for altcoins, Musk hints at allowing Dogecoin payments.
Bitcoin has been unable to break through the $100,000 mark, and bears are attempting to pressure the price to adjust. Bitcoin Dominance has dropped more than 2.60% in a week, with a classic altcoin season turning point emerging. Simply put, when Bitcoin's rally stagnates, funds start to shift towards other altcoins and meme coins, seeking a new wave of upward momentum.
Musk intensified signals of the altcoin season, with application researcher Nima Owji posting on Twitter: 'My guess is that the '$' button is used for remittances as part of X Payments.' Musk replied, 'That's right.'
This confirmation further promotes the bullish trend of Dogecoin, and the market generally believes that Musk will incorporate Dogecoin into Twitter's payment services. Musk's plan is to turn Twitter into a 'super app' similar to China's WeChat. In recent years, the company has quietly been acquiring remittance licenses across the United States.
According to Forbes, since Musk acquired Twitter and renamed it X, there has been widespread speculation that he may increase support for Bitcoin, Dogecoin, and other cryptocurrencies (such as Ethereum and XRP) similar to PayPal.
99% of memes are a one-time flow, all are zero-value coins, so to make money, you must withdraw some profits or withdraw the principal; you can't have an infinite mindset. With an infinite mindset, buying 50 SOL here and 60 SOL there will all go to zero, and when SOL finally rises to 1000, you'll be left crying over a pile of junk coins.
