The state of the cryptocurrency market on February 24, 2025, according to available information, presents a complex picture with many factors affecting prices and market sentiment: Market Overview: • Significant decrease in market capitalization: The cryptocurrency market has experienced a substantial decline, with over $110 billion wiped out from the total market capitalization in the past 24 hours, bringing the total capitalization down to around $1.04 trillion. This is a sign of high volatility and may be the result of various factors, including market sentiment and negative news. Key Factors: • Bitcoin (BTC): Bitcoin has decreased by about 8% from its recent highs. The current Fear & Greed index stands at 25 points, indicating a market in a state of fear. On-chain data such as the number of active addresses and trading volume has decreased, showing lower demand. • Cash flow and Accumulation: Cash flow into exchanges has increased, possibly due to selling pressure, while other data indicates a withdrawal of investors from the market.
The cryptocurrency market today is undergoing a strong correction phase, with many signals indicating fear and panic selling. However, market bottoms often create buying opportunities for long-term investors, especially if technical indicators start to show signs of recovery. It is important to continue monitoring news, on-chain data, and technical analysis for a more comprehensive view of trends in the coming days. Source: grok
At the request of everyone, copy trading has been opened for everyone to copy. It's up to you whether to follow or not. If you lose, please don't be angry, hehe.
If not using technical Pp, then based on what to trade, add?
Pehamchoi
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Trading requires confidence and especially not listening to anyone. Knowing how to manage capital well, knowing when to cut losses and take profits when goals are met. Technical analysts are only for reference and should not be listened to, because they don’t actually place any trades; they are good at advising, but if they are right, we benefit, and if they are wrong, we lose. Therefore, we must know how to keep our own money and allocate it wisely. Wishing everyone a warm and prosperous Tet holiday.