According to Cointelegraph, based on CCData's report on November 27, as of November 25, the trading volume of stablecoins surged by 77.5% this month, reaching 1.81 trillion dollars. This increase is expected to lead to a record annual high for monthly trading volume on centralized exchanges. The total market cap of stablecoins has continued its upward trend for 14 months, growing by 9.94% in November to reach 190 billion dollars, surpassing the historical high of 188 billion dollars before the collapse of Terra's TerraUSD algorithmic stablecoin in April 2022.
Despite the increase, the market share of stablecoins has dropped from 7.22% in October to 5.54%, as investors and traders have diversified their investments into Bitcoin and altcoins. USDT continues to show strong performance, with a market capitalization growth of 10.5%, reaching 133 billion dollars. USDT occupies 69.9% of the overall market, followed by Circle's USDC, which saw a market cap increase of 12.1% in November, reaching 38.9 billion dollars, the highest level since February 2023. Ethena Labs' USDe also showed growth momentum, with a market cap increase of 42.2%, reaching 3.86 billion dollars.
Chu Yuechen: 11.28 Bitcoin ETH Market Analysis and Trading Reference
Last night we provided a real-time market order for a long position at 93000, and the targets of 95000 and 96500 were all achieved. Congratulations to those who were able to follow along.
In addition, yesterday we discussed that our bullish outlook on the overall trend will not change. The current pullback is merely a pullback; last night Bitcoin reached a high of around 97200. Subsequently, today during the day it has been mostly pulling back, and the current price has pulled back to around 95000. ETH has performed very well in the past two days, reaching a high of 3685 this morning, and is currently experiencing a slight pullback, with the price fluctuating around 3600.
My thinking is clear, that is to look for bullish trends on pullbacks. This applies to both Bitcoin and ETH.
In terms of evening operations, we can enter long positions at the current level of 94800—95000, with a target of 97000 and a stop loss at 93500.
For ETH, the same operation can enter long positions at 3600, with a stop loss at 3550 and a target of 3700.
Regarding spot trading, I have mentioned before that Bitcoin's current price is very high. To invest in spot trading requires a very high amount of capital, and even if the future price reaches 100,000 or even 150,000, the returns may not be very high. Therefore, friends doing spot trading may consider ETH or other mainstream and some quality altcoins.
Saying this is just to discuss the issue of return on investment.
Specific operational suggestions (based on actual market orders)
In terms of evening operations, we can enter long positions at the current level of 94800—95000, with a target of 97000 and a stop loss at 93500.
For ETH, the same operation can enter long positions at 3600, with a stop loss at 3550 and a target of 3700.
Market conditions change in real-time, and there is a delay in article publication. Strategy points are for reference only and should not be used as entry criteria. Investment carries risks, and profits and losses are your own responsibility. Daily real-time market analysis, with experience exchange groups and practical silence groups, are welcome for real-time guidance. There will be irregular live broadcasts explaining real-time market conditions in the evening.
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