95% of the coins are down, 560,000 people liquidated 1.7 billion dollars! Bitcoin plunged to 94k, is Dogecoin failing? Zhao Changpeng: China will establish a Bitcoin strategic reserve.
Who can tell me what happened??? My account almost got wiped out overnight.
95% of the coins in the market are down overnight. 80% of the coins have a drop of over 15%. More than 50% of the coins have a drop of over 20%. Has the correction begun??
Bitcoin briefly broke the 100,000 dollar mark last night, then entered a downward fluctuation phase. At 11 PM last night, BTC sharply fell from a peak of 100,421 dollars to about 98,000 dollars. After several hours of fluctuations, it touched 94,150 dollars at 5 AM today, with a maximum drop of 6.25%. Currently, the price has rebounded to 97,100 dollars, with a decrease of 2.96% in the last 24 hours.
In a bearish tide, why are Ethereum (ETH) whales increasing their holdings against the trend?
Latest on-chain statistics show that wallets holding between 10,000 and 100,000 ETH have significantly increased their ETH balances.
Last year, the wallet balances of these holders grew by 24%, from less than 1,000 ETH. CryptoQuant CEO Ki Young Ju confirmed this trend and pointed out that the current price is close to the cost basis of these accumulation addresses.
“Wow, the sentiment towards ETH in the cryptocurrency space is extremely pessimistic,” he posted on social media, expressing confusion over the root of this pessimism.
The CEO also added, “Most bears seem to simply use the price drop as a reason to sell, which is quite interesting.”
Although Ether faces downward pressure in the short term, the on-chain metrics and whale activity suggest a more bullish trend.
Even though Bybit faced a large-scale security breach that could have triggered massive sell-offs, there has not yet been significant selling pressure.
Both on-chain and market indicators are neutral, and the impact of over-the-counter (OTC) trading on prices is minimal.
Ethereum's price is approaching the critical support level of $2,300, which has been an important threshold since the beginning of 2023.
According to analyst Ali Martinez's post, if this level is broken, it could accelerate the price drop towards the psychologically significant $2,000 mark.
Historically, such patterns are often potential signals that a bear market trend is about to reverse. When the ETH price rebounds off the lower edge of a descending wedge, successfully breaking through resistance, and withstands strong buying pressure in the process, it is very likely to initiate a rally towards $3,200.
Conversely, if ETH fails to hold the key support level, the market is likely to face heavier downward pressure.
Data shows that the significant drop in Ethereum's price has been exacerbated by over $307 million in involuntary liquidations within 24 hours.
This situation typically leads to downward price movement in the short term but may also create opportunities for value accumulation.
Once the liquidation situation returns to normal, ETH prices are expected to stabilize and regain a growth trend. #ETH #美联储降息预期
Bitcoin has fallen for two consecutive days, and the market is becoming increasingly difficult!
However, during this market adjustment, many altcoins such as COW, TIA, MKR, LPT, PNUT, etc. even experienced a rebound, which indicates many issues. Some altcoins are beginning to move independently, and those without volume may be pushed up by market makers creating hype; otherwise, market space will continue to shrink.
Our opportunity is about to arrive!
How should we respond to the current market situation!
1. When buying the dip: You can refer to MicroStrategy's holding cost; if Bitcoin falls below 93,000, you can accumulate coins moderately.
2. When laying in wait: Pay attention to projects in the AI + Blockchain and DePIN sectors, such as Swarm, Griffain, PEAK, HNT, etc.
3. During a rebound: Coins like Fet, Ondo, Morphy might experience short-term surges. The detective reminds: Panic and excessive drops are good opportunities for swing trading, but if your mindset is unstable or you are still in panic, making swing trades may be difficult; it is best to stay on the sidelines.
Bloodbath in the crypto world! Did you catch this wave of chips? SOL is about to see a turning point, bullish signals are flashing for XRP, AVAX, and DOGE!
SOL
Seeing everyone say SOL is done, I want to say a few words for it. In fact, the recent market movement of SOL has been somewhat unjust. Its rise and fall are closely related to memes. The recent controversy surrounding celebrity meme coins has led to a lack of trust among retail investors, but SOL itself does not have significant issues; the chain's performance remains strong.
From another perspective, Trump’s coin is also on SOL, which is enough to prove the chain's advantages. The meme coin cycle at least demonstrated the performance and carrying capacity of the SOL chain, and the user experience far exceeds that of other chains. With the performance of the chain intact, there is potential for blockbuster products in the future.
XRP
After a recent wave of selling pressure in the crypto market, XRP once dropped to $2.05, and the current trading price is $2.22. As fear and uncertainty continue to dominate market sentiment, XRP finds it difficult to rebound to higher levels, with bears still holding the dominant position.
To regain upward momentum, bulls must maintain the price above $2.20 and solidify this position as support. If it can sustain this level, the foundation for a rebound will be established, with the next key resistance around $2.40.
If selling pressure increases and XRP fails to hold the current support level, $2 will become an important support area. If it breaks below this level, it may continue to decline, entering a region of lower demand. Conversely, if XRP can quickly rebound above $2.30, it may indicate a reversal in market sentiment, with bulls regaining control and pushing the price towards $2.50 or even higher.
AVAX
From a technical perspective, AVAX has formed a potential bullish reversal structure on the daily chart. Currently, the price of the altcoin is fluctuating near a key demand zone, which has historically been an important support area, indicating that buying pressure exceeds selling pressure, typically signaling a trend reversal.
If AVAX can maintain the current momentum and break through the main resistance level, the likelihood of a bull market reversal will further increase. Continuous growth in network activity and strong technical indicators provide bullish expectations for AVAX. #AVAX✅ #solana #xrp
Dogecoin disaster looms — traders prepare for a drop to $0.20
As bearish momentum intensifies, traders are closely watching the psychological support level of $0.20. Despite Dogecoin being the original meme coin, it continues to struggle to regain bullish momentum, with several technical indicators suggesting further declines are possible.
Dogecoin's recent drop is part of a broader sell-off in the cryptocurrency market, particularly in the meme coin space. Coinglass statistics show that the ratio of bulls to bears is below 1, indicating that more traders expect Dogecoin's price to decline rather than rise. This shift in sentiment raises concerns that Dogecoin may test the $0.20 level in the near future, a key support level that, if breached, could lead to a more significant pullback.
Amid market volatility, regulatory concerns, and a general downturn in cryptocurrencies, Dogecoin's price is falling to lows not seen since November 2024.
Adding to the pessimism, Dogecoin has recently failed to break through the resistance level of $0.27. The inability to breach this resistance has increased downward pressure, with technical experts warning that unless buyers enter the market in large numbers, Dogecoin could continue to decline.
Meanwhile, technical analysts note that a "death cross" may occur on the Dogecoin chart, as the 23-day moving average will fall below the 200-day moving average. Past occurrences of this cross have indicated sustained bearish momentum, pushing Dogecoin down to the support level of $0.18. In the worst-case scenario, analysts warn that if conditions worsen, Dogecoin could fall to $0.13, a significant drop from recent highs.
In addition to technical cues, fundamental market pressures are also unfavorable for Dogecoin. Recently, the collapse of the meme coin LIBRA, related to Argentine President Javier Milei, plunged the cryptocurrency space into panic. LIBRA surged to a market cap of $4.5 billion, only to plummet over 90% due to internal cashing out and liquidation withdrawal fees. This triggered widespread selling pressure across the entire meme coin sector, with Dogecoin being no exception. #DOGE #比特币价格走势分析
Recently, both IP and PI have been skyrocketing, and both coins have multiplied several times since their launch. Which one does everyone have more confidence in? #pi #IP
Bitcoin's plunge of 80,000 is not the bottom; is it going to drop another 70,000? ETH leads the altcoins in a washout. After the crash, a level 1 explosion is coming; a hundredfold opportunity is here again?
When there is a big drop, it's time to buy the dip because the trend is not over yet. I previously shared which assets to prioritize for purchase; although they all rebounded by 10% last night, the real harvest season should be in the second half of the year. So everyone must hold onto their chips while maintaining a certain cash flow, specifically to prepare for a big drop.
Why do I say the second half of the year will be a super bull market? One reason is the passing of relevant legislation regarding U.S. reserves, which will bring in outside capital at a fast pace, leading to an explosive rise in the entire crypto market. Although the market has been falling these days, some newly emerged memes are very strong, such as pnut, act, neiro, etc. The market drop has not affected them much; the market rebound has shot up directly. The rebound trend in March is likely to start with memes; previously, these memes had fallen so much that they couldn’t drop further, so everyone can keep an eye on them. Besides memes, there are also some high-quality Layer 1 AI rwa and other altcoin tracks that deserve close attention.
So everyone must have confidence and not listen to others who say to cut losses in a bear market. In this circle, it is essential to maintain curiosity and always have funds to reach the end and truly benefit from the market.
LAYER
Current price around 0.73, directly enter and layout for spot trading, target increase of 50%+, huge potential! Technical analysis: the current price is near a key support level, short-term pullbacks are sufficient, and the rebound momentum is strong.
Fundamentals: the project ecosystem continues to expand, partners are constantly increasing, and future value support is clear. Market sentiment: sector heat is rising, and capital attention is increasing.
Dogecoin Drops 50% to $0.21, Traders Focus on $0.24 Key Support Level
Since the last peak, DOGE has dropped around 50%, currently at $0.2102, experiencing a significant pullback after a long-term rise. The weekly chart shows a major retest of the $0.2400 area, which has acted as a key support and resistance level across multiple periods.
This level holds important historical significance, as it has been a critical decision point during both past bull and bear markets. Will DOGE hold this level and bounce back from there, or will it drop to lower levels?
The price movement of Dogecoin follows a cyclical pattern, where a strong breakout often leads to a deep pullback before the next wave of movement occurs. The chart shows that after a significant rise, Dogecoin typically retraces to test key liquidity areas, with the $0.2400 region repeatedly playing this role. A similar drop occurred during the bull market of 2021, where Dogecoin fell over 50%, then reversed upwards, regaining bullish momentum.
Currently, DOGE is testing this level again, and the weekly candle chart structure indicates uncertainty. If it fails to reclaim $0.2400, it may confirm a trend reversal, increasing the likelihood of further declines to $0.1800 or lower. On the other hand, if buyers actively step in, there is still a chance for a rebound to $0.3000, especially if market conditions improve.
The price level of Dogecoin is very critical, and the next move will depend on whether $0.2400 can hold as support. If bulls make a strong comeback, this price area can stabilize Dogecoin and push it toward higher levels, with the next key point being $0.3000. Conversely, a drop below $0.2100 would only lead to further declines, potentially down to around $0.1800 or lower. #DOGE
The cryptocurrency market is sluggish, with dire conditions! Why is Pi a splash of color in a sea of green?
In the context of a generally weak cryptocurrency market recently, mainstream cryptocurrencies like Bitcoin and Ethereum have seen significant price drops, while Pi Network has risen against the trend, becoming a bright spot in the market. Why has Pi Network been able to stand out in such a backdrop? The following factors may be reasons for its upward trend against the market. 1. Strong user base and social dissemination
The success of Pi Network cannot be separated from its large user base. Currently, the project's application has obtained over 110 million downloads on the Google Play Store, with the number of pioneer miners reaching 60 million and daily active users close to 14 million. This massive user base gives it strong dissemination power. Pi attracts a large number of ordinary internet users without cryptocurrency experience through zero-threshold mining, and these users further expand the project's influence through spontaneous promotion on social media and offline communities.
There isn't enough money in the market now. In the past, hot money in the crypto world was everywhere, with various new projects emerging constantly. And now? Innovative projects are nowhere to be seen, while institutional giants are sharpening their knives, ready to harvest. Especially with those presidential coins initiated by Trump, which drained the last bit of money from the market. A market without money is like stagnant water; just throwing in some chips can create a big pit.
Innovation has completely stalled. Last year, aside from inscriptions and AI concepts that had some activity, everything else was just rehashing old ideas. The key point is that these so-called innovations still have no practical application; to put it bluntly, they are just the same old trendy coin strategies. The entire market now is just existing players cutting each other up. Although many new retail investors have entered, they can’t withstand the daily emergence of scams.
There are possibly more projects than retail investors now, and in the end, it’s really uncertain who will end up getting cut. On the Ethereum side, institutions are still pouring money in, but the old retail investors are panic-selling. SOL is even worse; Trump's and Argentina's presidents' coins have directly harmed the ecosystem, coupled with the expectation of a large unlock in March, causing prices to slide down rapidly.
However, in the future, there will definitely be phenomenal blockchain products appearing; it’s just unclear in what form and when. What can be confirmed now is: Bitcoin is unlikely to plummet like before; a sharp drop is just an opportunity to buy cheaply. For other coins, it's best to just observe for now, but if you have to choose, I suggest keeping an eye on tokens related to the U.S., as they might surge if favorable policies come out. If the market experiences another wave of panic selling, especially if it falls below the low from February 3rd, it could be a good opportunity for short-term bottom fishing.
Bull Market Nightmare! VCs are suffering, the strong get stronger with Vana, Layer, Kaito! Immediately pay attention to 3 altcoins that could be worth a hundred times in the future!
This bull market is indeed quite scary. I asked around, and everyone has their unique way of losing money. VCs are also suffering; many of the projects they invested in are not coming back. Some people managed to earn some money, only to be hacked, which is truly a nightmare. The only thing that's consistently profitable is the on-chain front, which feels like a guaranteed win. If you're buying altcoins, you can only speculate on those that are strong. The strong get stronger. For instance, today Vana, Layer, and Kaito are holding up well while other coins are dropping. Everyone says a bear market is coming, but what we see are opportunities. This year, make sure to research new things; many opportunities appear early in new developments, so don't be afraid of the hassle.
We always complain that we can't catch the golden dog, and when we see it, we hesitate to act? When we do act, we buy less? After buying, we sell too early?
While you complain, how much have you invested in this? Will you study once it's out? Can you make quick decisions? After failures, do you go back and analyze the reasons?
When the market is poor, are you patiently waiting for the next opportunity or continuing to complain that fate is not giving you a chance?
Sitting quietly, reviewing, being calm, and patient.
Dogecoin (DOGE) is expected to rise 400% to $1.11: The specific timeline is as follows
Dogecoin has dropped 6.1% in the past few days, 12.4% over the week, and 34% over the last month. Despite the significant decline, Dogecoin's price has increased by 170.9% since February 2024.
The recent market downturn may be due to the hacking of Bybit. The exchange had $1.4 billion worth of Ethereum-related tokens stolen. With investor sentiment significantly declining, Dogecoin and other assets are facing a correction. Before the hack at Bybit, Dogecoin's price was already on the decline. Macroeconomic factors are one of the reasons for the poor performance of the cryptocurrency market. The Federal Reserve has paused interest rate hikes but has not announced any rate cuts this year.
Dogecoin will enter a rebound phase in the coming weeks, expected to break the $1 mark for the first time. This development means that the original meme coin will reach a new historical high. Dogecoin's trading price is expected to reach $1.11 on March 20.
If the $1.11 target is reached, Dogecoin will rise approximately 404.5%. However, Dogecoin's price is unlikely to stay above the $1 mark; it will face a correction after breaking the $1 barrier.
DOGE may also fail to break the $1 mark in March. The cryptocurrency market has not yet recovered from the recent adjustment. Macroeconomic factors could also present significant obstacles. #DOGE #加密市场回调
Bitcoin Panic Drop, Should You Get In? Analysis of Key Support Levels for BTC and ETH
The cryptocurrency market opened this week with a significant decline. In the past 24 hours, Bitcoin dropped by 5%, briefly falling below the $91,000 mark, reaching a monthly low. Other mainstream coins also experienced declines: Solana (SOL) fell over 16%, Ethereum and XRP dropped by 12%, while BNB declined relatively 'mildly' by 6%. Over 90% of tokens in the top 100 by market capitalization reported losses. According to Coinglass data, as of the time of writing, the total liquidation amount across the crypto market in 24 hours reached $950 million, primarily in long positions, with a total of 314,902 individuals liquidated worldwide.
From a technical perspective, the key resistance level is in the range of $100,000 to $103,787; breaking this level may initiate a new round of increases, targeting $108,734 to $110,266. On the other hand, short-term support is in the range of $96,484 to $97,065, and if it falls below this, it may trigger more selling pressure. In the long term, the area of $89,533 to $84,773 (200-day moving average) serves as an important support level, historically a strong demand area in trending markets.
The 200-day moving average ($84,773) is a key long-term support level, and if the price retraces to this area, it may attract buying interest.
Regarding potential market trends, if the price falls below $96,000, it may indicate increasing selling pressure, further probing the area of $89,533 to $85,000, or even losing the 200-day moving average, leading to a deeper pullback. If it breaks through $103,787, it may trigger a continuation of the upward trend, targeting $108,734 and $110,266, and it might even break through $120,000 to set a new historical high.
On February 24, Ethereum futures open interest decreased from 8.82 million ETH to 8.52 million ETH, indicating that traders are closing leveraged positions. Well-known cryptocurrency analyst Crypto Rover warned on Twitter that if Ethereum (ETH) continues to decline sharply, it might raise concerns about the sustainability of the altcoin season.
On-chain data shows that in the past 24 hours, the number of active Ethereum addresses decreased by 7% to 450,000, suggesting that network activity may be declining. From a technical analysis standpoint, the ETH price has fallen below the 50-day moving average, indicating bearish momentum. On the X platform, it was analyzed that ETH's support level is between $2,512 and $2,305. Only a sustained break above $2,919 would confirm an upward trend. #BTC #ETH
24-hour liquidation is close to 1 billion! The altcoin plummeted by 90%. What are your thoughts on the last bull-to-bear transition? Recommend a few targets that can be ambushed at present
If there hadn’t been this wave yesterday, the bulls would have been completely subdued. The 24-hour liquidation was close to 1 billion, and the major liquidations were on Bitcoin and Ethereum. Please treat the contracts with caution. In this market, the risks outweigh the opportunities.
What are your thoughts on the last bull market turning into a bear market? 1. Characteristics of this bull market There are several major characteristics of this bear market: 1. Old investors are more cautious. More and more old investors only hold BTC. The consensus of Bitcoin is getting bigger and bigger. Bitcoin is also the only one in the currency circle with a community. 2. The situation is even more brutal for new investors. Trump is the most aggressive in attracting new investors, followed by Meme. However, as a meme player, I know how cruel this place is. I invested a lot of money in Hong Kong stocks a month or two ago. I have a feeling that Hong Kong stocks are like a Go game with a regular schedule, while the cryptocurrency circle, especially memes, are like being thrown into a small dark room with ears covered and hacking each other.
300,000 people liquidated overnight! Reasons behind the crash of altcoins: Bitcoin plunges below 90,000? The market is in extreme fear, and Ethereum falls below $2500.
Yesterday, this wave dealt with the bulls quite thoroughly. The liquidation in the last 24 hours is close to $1 billion, mainly in Bitcoin and Ethereum. Treat contracts cautiously; in this market, risks outweigh opportunities.
Bitcoin falls below $91,000
As a result, Bitcoin started another wave of decline around 6 AM today (25). Data shows it briefly dropped to $90,850 around 8 AM, hitting a new low since January 13. Before this article was finished, it temporarily rebounded to $91,923, and whether it can hold above $90,000 will become an important psychological barrier for market sentiment.
It's crazy! Another cryptocurrency platform has been hacked.
The Bybit theft incident has just settled, and in this tumultuous autumn, the stablecoin digital bank Infini platform has faced a hack.
A loss of about $49.5 million, hackers exchanged 49.5 million DAI for 17,700 ETH and deposited it into a new address.
This led to another drop in the entire market, and there are reports that the ETH stolen from Bybit has already been sold for 50,700 ETH, causing panic in the market, and everyone is trembling. On one side, Bybit is buying, while on the other side, hackers are selling, causing the price of Ethereum to fluctuate wildly, with the market makers also cooperating in the wash trading.
After all, the long cycle hasn’t had enough time to consolidate, and the more chaotic the market becomes, the closer the turning point is approaching.
The crises of Infini and Bybit are intertwined, resembling a double disaster in the crypto world, where institutions will exploit market panic to wash and accumulate positions.
As for your spot positions, make sure to hold steady and don’t let short-term FUD events shake your established positions.
During such times, the erratic price fluctuations can easily lead to a breakdown in your mindset, so be sure to reduce your trading frequency, or even refrain from trading altogether.
Set some standards for yourself; at the very least, strive to avoid losing both coins and fiat. Don’t rush; just patiently await the arrival of the bull market. #加密市场回调 #Infini遭攻击
First of all, the U in the exchanges has been continuously growing, and there is indeed money for a rally; the market just lacks a rush of confidence!
Secondly, looking at the previous bull markets, after the market peaks, in the following 2 months, Bitcoin typically experiences a rapid decline of over 40%, trapping many people at the peak. However, Bitcoin has already adjusted for 2 months, and the price is still over 97,000, which, from a high of 109,000, is less than a 12% drop. If the bull market were over, would it have consolidated for so long, allowing many to escape at the peak? Clearly, this does not align with the character of traders, which can only indicate that the bull is still here!
But the harsh reality is that currently, all altcoins have dropped to the floor; it is just Bitcoin's bull market. In fact, most retail investors are more concerned about whether altcoins will have their spring again. My answer is: definitely!
In 2022, 2023, and 2024, bear market cycles have ignited altcoin booms, and the widely recognized bull market in 2025 will certainly have an altcoin season; it's just that the season of universal rises may be over.
Strong altcoins will continue to break new highs and even multiply, while weak altcoins may not even break the new highs of the bear market and may even decline to zero. For altcoins to take off, it ultimately depends on Ethereum, as Ethereum is the king of altcoins, and only Ethereum can lead altcoins out of their predicament. Fortunately, the Ethereum Prague upgrade is about to arrive; every Ethereum upgrade in history has brought about altcoin trends, and this time will be no exception!
The trend of Bitcoin does not change according to the will of individual major players, but altcoins can. The major players in altcoins are currently just lacking a reason to rally, and the Ethereum upgrade is undoubtedly the best choice. I believe the Prague upgrade in April will have altcoins already in a state of having dropped as much as they can. It just takes a spark, and retail investors' enthusiasm for altcoins will be reignited.