🚀 In the past 24 hours, the cryptocurrency market has dropped by 1.37%, with a cumulative decline of 7.2% this week. The main factors behind this drop include: market concerns about the macroeconomy before the release of U.S. inflation data, outflow of Bitcoin ETF funds, and pressure on the derivatives market.
1. Macroeconomic concerns - The release of the Consumer Price Index (CPI) on December 18 increased the likelihood of the Federal Reserve implementing tighter monetary policy; the 7-day correlation between Bitcoin and the Nasdaq index is +0.89.
2. Institutional capital outflow - This month, the net outflow of spot Bitcoin ETFs reached $2.3 billion.
3. Liquidation of leveraged positions - open positions decreased by 0.89%, while Bitcoin's liquidation volume increased by 152% in 24 hours, totaling $142 million.
💥 Liquidation alert:
In the past 24 hours, a total of 158,687 people have been liquidated, totaling $544 million, with long positions suffering greatly ($388 million), and short positions also facing difficulties ($156 million).
📊 Mainstream coins performance:
1. Bitcoin (BTC): Price approximately 86836, 24-hour change -0.08%
Today, watch the key position of 87000. If it stabilizes above, a rebound may occur at the 4-hour level, with upward resistance at 88000, 89080, and 90300.
If it cannot go up, small level rebounds will be weak, and it may continue to test support, watch for 85220, 83830, and 82170.
2. Ethereum (ETH): Price approximately 2838, 24-hour change -3.65%
Today, observe the 2860 level. If it stabilizes, there is a chance of a rebound at the 1-2 hour level, with upward resistance at 2900, 2945, and 2980.
If it doesn't stabilize, the rebound strength may be insufficient, potentially testing support around 2790, 2761, and 2720.
3. BNB: Price approximately 834, 24-hour change -4.01%
Today, focus on the 847 position. If it stabilizes, there is a chance of a rebound at the 1-2 hour level, with upward resistance at 859, 876, and 892.
If it cannot stabilize, it may continue to weaken, with support below at 833, 815, and 801.
4. SOL: Price approximately 123, 24-hour change -3.98%
Today, pay attention to the 124 level. If it stabilizes, a short-term rebound is expected, with resistance at 126, 130, and 134.
If it doesn't stabilize, the rebound strength is limited, watch for support around 121, 117, and 112.
🌡️ Market sentiment:
Today, the total market capitalization of cryptocurrencies is approximately $3.01 trillion, with a total trading volume of around $129 billion in 24 hours.
Current market sentiment is 18 (extreme fear). The market is bearish due to panic selling and macroeconomic instability. However, Bitcoin's oversold technical indicators, along with a historical rise of 660% from 2022 to 2025 based on RSI signals, suggest a possible rebound. Additionally, Bitcoin's market cap share is currently 59.39%, with a 24-hour increase of 0.6% - if the share breaks above 60%, it indicates funds are moving into safer assets; if the share turns downward, it may be a good opportunity to position in altcoins.
Today's cryptocurrency gainers and losers 🔥
📈 Top 3 gainers:
1. ACT: Price $0.0258, 24-hour change +25%
2. HMSTR: Price $0.000244, 24-hour change +23%
3. BARD: Price $0.8806, 24-hour change +14%
📉 Top 3 losers:
1. SOMI: Price $0.2617, 24-hour change -19%
2. TOWNS: Price $0.00554, 24-hour change -17%
3. FORM: Price $0.3415, 24-hour change -16%
✨ Other mainstream coins performance:
Dogecoin (DOGE): Price $0.12490, 24-hour change -4.74%
Tron (TRX): Price $0.2773, 24-hour change -1.11%
Cardano (ADA): Price $0.3627, 24-hour change -4.93%
Hyperliquid (HYPE): Price $24.173, 24-hour change -10.98%
Avalanche (AVAX): Price $11.78, 24-hour change -3.76%
Stellar (XLM): Price $0.2091, 24-hour change -4.26%
Sui (SUI): Price $3956, 24-hour change -5.94%
Chainlink (LINK): Price $12.19, 24-hour change -4.62%
Hedera (HBAR): Price $0.10848, 24-hour change -3.73%
Bitcoin Cash (BCH): Price $530.9, 24-hour change -2.75%
Shiba Inu (SHIB): Price $0.00000746, 24-hour change -4.48%
Litecoin (LTC): Price $75.33, 24-hour change -4.67%
Pepe hiba Inu (PEPE): Price $0.00000388, 24-hour change -4.90%
Toncoin (TON): Price $1.465, 24-hour change -4.62%
