68u God of War, let's see how long this time can hold on. Target 1680u. Hold firm, don't be greedy or bear the burden, only then can you be king, and achieve compound growth.
It seems that Bitcoin may really hit the range of 85,000 to 75,000. Today, the market makers seem to be determined to kill it! They will not stop until it reaches 75!
Ether will probably hit 2,750
Doggo may hit 0.18
It seems that the sharp rise in the past few days was just the intentional inducement of the market makers! Today, the resistance band was completely broken, and it may fall for three months.
On January 8, 2025, the price of Bitcoin experienced a sharp decline, once falling below the $96,000 mark, with a 24-hour drop of 5.88%. The sharp decline in Bitcoin prices was mainly affected by the following factors:
1. **Strong Economic Data**: The latest economic data released by the United States were strong. The ISM non-manufacturing PMI and JOLTs job vacancy data in December both exceeded expectations, showing that the U.S. economy is highly resilient. This has raised concerns about inflationary pressures and the possibility that the Federal Reserve may maintain high interest rate policies, putting pressure on risk assets such as Bitcoin.
2. **Market linkage effect**: The price correlation between Bitcoin and US stocks has increased, especially the performance of technology stocks has a significant impact on the price of Bitcoin. That day, technology stocks such as Nvidia and Tesla fell sharply, driving the price of Bitcoin down.
3. **High leverage risk**: The current market leverage ratio is close to the peak of the bull market in 2021, and the high leverage environment has intensified market volatility. When the price of Bitcoin began to fall, highly leveraged positions were forced to liquidate, leading to further selling and amplifying the price decline.
4. **Treasury bond yields rise**: The yield on the 10-year U.S. Treasury bond climbed to 4.69%, making traditional financial assets more attractive to investors, and funds flowed from high-risk assets such as Bitcoin to the more stable Treasury market. This weakens the buying power of Bitcoin.
5. **Changes in market sentiment**: Tesla CEO Elon Muskâs prediction of Bitcoin price also affected market sentiment. He said on Tuesday that the price of cryptocurrencies such as Bitcoin and Dogecoin could fall if dollar inflation issues are resolved.
The sharp drop in the price of Bitcoin caused more than 230,000 people to liquidate their positions, with the liquidation amount reaching US$712 million. Although the market may continue to fluctuate in the short term, some institutions remain optimistic about Bitcoin's long-term prospects, believing that short-term adjustments will provide opportunities to increase positions.
Similar to this coin, I also think it should surprise us with a sudden surge.
Collette Brunzel f5Re
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$PNUT I held on from a 10x profit, down to 7x, down to 5x, down to 3x, and I still didn't sell. If I'm going to take it, I want 50 to 100x. These past two days, I thought a few points of pullback would lead to a rise, but I just got liquidated. Was it driven by Bitcoin, or was it a sell-off by the whales?
Brothers, I am withdrawing from the community. If fate allows, we will meet again in the Jianghu. BNB has made me financially free.
January 2025, a new year. In 2024, I went all-in with 6000 BNB, spending around 10 million on 230 U. The price of U was 7.20. A year later, I have multiplied my investment many times. Brothers, I am content. #BNBčľ°ĺż has liquidated all BNB and converted everything to fiat currency. In CNY, it's a little over 4000. Thank you, Binance. Thank you, BNB.