āļø Good morning, the snow is falling outside the window, and the on-chain market is also experiencing a wave of "cooling". Last night (December 11), the Fed's "hawkish rate cut" put pressure on risk assets, leading to a pullback in the cryptocurrency market. Here are the main points to note:
š Overall market pullback Affected by the macro environment, mainstream tokens have generally declined. According to today's market data, Bitcoin (BTC) once fell below $90,000, and Ethereum (ETH) dropped over 2.8%. Some mainstream altcoins like AVAX and DOT experienced even larger pullbacks.
š Notable trends to watch In addition to the overall decline, there are a few points worth paying attention to:
On-chain asset movements: One notable trend is that the U.S. government transferred part of the assets confiscated from FTX/Alameda yesterday, including approximately $6.43 million worth of Ethereum (WETH) and $13.58 million in BUSD. Such large-scale on-chain transfers usually draw market attention to potential selling pressure.
Ecosystem narrative heat: Amid the overall adjustment, some ecosystem narratives remain hot. For example, the trading volume of tokenized stocks on the BNB Chain has significantly increased recently, with daily transaction amounts processed through Bitget exceeding $60 million at one point. This indicates that the niche track of traditional assets on-chain (RWA) is still maintaining activity.
š” Participation thought reference In such a market environment, one can:
Stay patient: The market is short-term driven by macro sentiment, so itās advisable to patiently observe the performance of key support levels.
Monitor on-chain data: The subsequent flow of large assets like the U.S. government wallet (such as whether they are transferred to exchanges) may become a signal for short-term price fluctuations.
Look for structural opportunities: During market adjustments, focus on those with solid fundamentals or popular tracks like RWA that have ongoing narratives, looking for opportunities.
Overall, the current market is in a digestion period for macro news. Short-term fluctuations may provide a window for observation and reallocation.
If you are more interested in the niche track of tokenized assets (RWA) or movements in a specific ecosystem, I can provide you with more detailed analysis. #BTC #ETH #BNBChainSunset
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š $BTC after a sharp jump, it is correcting and stabilizingš„š„š„
Bitcoin soared to $94,588, but then there was a correction, and now the price is holding around $92,552.
š Main points from the chart:
BTC is trading near MA(7) and MA(25), but below local highs ā the momentum has cooled.
MA(99) is below the price, so the medium-term trend is still bullish.
Volumes have decreased ā the market has entered a phase of calm consolidation.
Support: $91,800ā$92,000.
Resistance: $93,700ā$94,500.
š Conclusion: BTC is trying to stabilize after a sharp jump. To continue moving upward, it needs to return above $93.5K and update the local maximum.š„š„š„ $BTC
š„WET contract launched, price surged and retraced, showing market speculation On December 10, Binance Futures announced that it would officially launch the WET/USDT perpetual contract at 15:00 (UTC+8) on the same day, supporting a maximum leverage of 20 times. As a rising star in the Binance Alpha sector, WET experienced a round of intense price fluctuations around the launch of the contract, becoming the focus of the market.
Price trend: From a surge of 255% to a retracement The price of $WET recently experienced a rollercoaster market. According to market data, the token briefly surpassed $0.25 in the morning of December 10, with an increase of over 255% compared to its public sale price of $0.069. However, market sentiment quickly shifted, and the price did not stabilize at high levels. {future}(WETUSDT)
Contract launch: Amplifier of heat and risk Launching the contract amidst severe price fluctuations is a double-edged sword for WET.
Providing opportunities for two-way trading: Contract trading allows investors to use leverage to go long or short, providing tools for investors who are bullish or bearish on the token, which may attract more professional traders and funds.
Testing price support and liquidity: The perpetual contract market will serve as a touchstone for testing the true buying support and liquidity of WET. Huge contract trading (24-hour contract trading volume has reached $62.69 million) will further amplify price fluctuations.
Increased market attention: The rapid advancement from Alpha spot trading to the launch of contracts on the entire platform indicates the market's heightened attention.
Summary: Opportunities and challenges under high volatility The arrival of the WET contract marks its official entry into the mainstream derivatives market. For traders, this brings more strategic choices, but it also means facing significantly increased risks due to leverage and initial volatility.
The above information is based on the official announcement and public market data as of December 10, and does not constitute any investment advice. Cryptocurrency contract trading is highly risky, with significant price fluctuations, please make cautious decisions. #WETUSDT #wetęę° #ALPHAš„ #ALPHA
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