After falling below 92,000 points at 6:00 AM, $BTC started a rebound and a short squeeze, rebounding 3,500 points.
$ETH did not break 3,300, and then rebounded 114 points. The short squeeze came unexpectedly.
At the end of the month and the end of the year, the market will frequently experience such trends.
Altcoins also followed the main market with a violent rebound. I believe many people have already closed their spot positions, and only the futures market remains in speculation.
The bull cycle continues, so long positions are gradually increasing. As a result, the whales are pushing prices down, forcing long positions to liquidate with repeated violent rebounds.
As we reach today, it is indeed hard to imagine how challenging this round has been. But I still believe that after the New Year, there will be an overall market for altcoins in the first quarter of 2025.
After enduring for so long, let's wait a few more days! Hang in there!