Don't look anymore! Ethereum is stable! Bitcoin is stable! Now let's give everyone an analysis.
First: From the liquidation data, the liquidation amount for Ethereum long positions in the past 24 hours is 200 million USD, while Bitcoin is only over 100 million. This shows that after Bitcoin reached its peak, many people opened long positions in Ethereum. Similarly, from the size of the liquidation amounts, we can see the distribution of retail investors' chips. Dogecoin surpasses Solana, while Ethereum surpasses Bitcoin. Therefore, this round of spikes is aimed at altcoins; Bitcoin's pullback hasn't yet dropped below 10,000 points, and Ethereum, Dogecoin, and those favored altcoins are experiencing sharper declines.
Second: Since everyone's chips are so concentrated, funding rates are rising steadily, and the market is overheated, all looking at long positions, who still dares to open short positions? Only in a balance between longs and shorts can we reach the mid-stage of a bull market. From Bitcoin's movements these past two days, it has been suppressed at 100,000! However, it has been a slow rise followed by sharp falls; every time it slowly rises, it is quickly thrown back down! This will create an illusion, leading people to think that when it hits 100,000, they will open short positions.
Third: Slow rises followed by sharp falls can lead to a big increase! Microsoft's orders haven't arrived yet! If it quickly breaks through the 110,000 barrier, what chaos will ensue in the crypto world? After reaching 100,000 this time, many people will again habitually go short.
However, this time, it may really not easily go down again.
Ethereum chain rookie #puppies (last 4 digits 6eb2)
Ethereum chain #Marvin (last 4 digits 7055) has a market cap of only over 10 million now, and it's still Musk's Dogecoin, with plenty of room for growth, so don't miss out.
