BTC plummeted to $92,000, but altcoins remain stable like old dogs? What's going on? Will it fall further? ZEN and LPT have surged, just follow Grayscale to buy!

Through last week's washout, Xianxian believes the market rhythm will change, meaning ETH will gradually take over the market, and BTC's market share will decrease. Indeed, BTC is currently performing weakly, while ETH is relatively stronger.

However, Bitcoin is still Bitcoin; after all, it is the big brother. So if BTC continues to drop, the overall market will still move downward, but it’s just a matter of who rebounds quickly.

Let's take a look at the long-short ratio data: 33% short positions and 66% long positions indicate that the market will continue to decline to eliminate the bulls. The overall market is expected to continue downward, so everyone should prepare for a downturn.

Today's market analysis: Bitcoin is still performing weakly; although it is continuously fluctuating, if it breaks below the small-level low again, it may accelerate the decline. Therefore, there is still no sign of a bottom, so continue to hold back and observe!

BTC plummeted to over $92,000, but altcoins remain stable? What's going on?

Bitcoin is about to test the bottom, but ETH and altcoins remain unresponsive! Is this a signal of market reversal?

Let's take a look at the on-chain data, which appears slightly bearish. First, stablecoins are flowing out of exchanges, and current reserves have returned to December 7 levels. Secondly, 5,000 BTC have flowed into exchanges, mainly from Binance. Additionally, over $84 million flowed out of ETFs yesterday, marking the third consecutive day of outflows. QQ: 1205031415

During last week's decline, most altcoins have actually reached their target levels. As long as Bitcoin stabilizes above $92,000, the opportunity for altcoins to perform will come.

After the Christmas holiday, many large institutions will return to trading, and the market is expected to become active quickly, sounding the horn for a counterattack. If BTC can stabilize and not fall, even if it doesn't rise, we may welcome a lucrative altcoin season.

Although traditionally the market tends to be relatively quiet during Christmas and New Year, this year is different as it's a halving year; historically, New Year halving events have been extremely lively.

Currently, the altcoin season is slowly starting to warm up. Bitcoin is down, but ETH and altcoins are not following suit; it's really time to start buying altcoins at a low. Remember to allocate some popular coins with heat; consider gradually positioning some hot altcoins like ZEN, Usual, AAVE, etc. Cheems, BOME, Usual, ENA, Banana are also worth paying attention to.

ZEN and LPT have surged, the 'Grayscale Bull' has arrived, it's time to copy the homework!

Grayscale only has two favorites, one is ZEN and the other is LPT. Today, I will focus on discussing these two coins.

Xianxian mentioned in an article on December 21 to pay more attention to Grayscale and follow the buy-buy-buy trend. BTC plummeted but rebounded strongly! ZEN is a strong dark horse taking off! SUI is not falling behind! PNUT, NEIRO, ACT: Can they replicate BOME's turnaround?

The total circulation of ZEN is only 15 million, Grayscale has opened securities investment for ZEN and submitted the Grayscale Horizen Trust (ZEN) to the U.S. Securities and Exchange Commission (SEC). ZEN aims to create its own chain, and when the time comes, holding ZEN will also yield airdrops of ZKF. This wave of market movement is an independent trend for ZEN; it hasn't dropped, which indicates the main force has entered, and Grayscale is the main force.

Currently, ZEN's market cap is $600 million, with a price of $38. If it rises 50 times, its market cap will reach $30 billion, which is only about one-third of SOL's market cap, and just recently equals ADA's current market cap. The potential for growth is huge.

LPT

The rally of LPT has quietly begun. Looking back, THETA had invested as much as $750 million into an external video platform, yet this major investment did not attract widespread attention at the time. In that period of the cryptocurrency space, LPT was almost the only player in the AI and video convergence field. LPT has successfully transitioned from the video sector to the AI track, showing extremely strong rally momentum in the process.

Currently, LPT is at the bottom of its valuation range, but with the surge of the AI wave, LPT is expected to achieve explosive growth. It is particularly noteworthy that LPT also belongs to the 'favorite' series of Grayscale Investments, which further highlights its undervalued status. As the market reassesses and recognizes its value, LPT is likely to experience a wave of value re-evaluation.

In the short term, I will focus heavily on these two coins; first rally ZEN, then LPT, and mindlessly go long on Grayscale. Those with a smaller risk appetite can consider positioning LINK.