📌First, we need to keep in mind that BTC gave a second chance by dropping below 70 less than 2 years before the halving. 📌 Invest in gold, as gold always trends up in the long term and we're at buy prices 📌 Finally, invest in AI tokens since it's the tool of the future #BTC #XAUT #FET
In the past 24 hours, the **cryptocurrency** market sentiment has fluctuated dramatically. Bitcoin (BTC) once surged to nearly $74,000, but then quickly retreated under the influence of escalating geopolitical tensions in the Middle East, currently hovering around $71,000, with a 24-hour increase narrowing to about 1-4% range fluctuations. Ethereum (ETH) performed relatively strongly, breaking through $2,100 and reaching a peak of over $2,180, with an increase exceeding 6% at one point, but also followed the overall market's pullback, currently reported around $2,090-$2,100.
The total liquidation amount across the network is around $130-140 million, mainly from long positions, with over 60,000-90,000 people being wiped out, indicating that leveraged players are frequently exiting during high volatility. The Fear and Greed Index has dropped to the extreme fear zone of 14, with retail sentiment at a freezing point, but institutional spot buying continues to accumulate at low levels, and there are still signs of net inflow for spot BTC ETFs.
On a macro level, the ongoing Iran-U.S. conflict continues to escalate, with tensions in the Strait of Hormuz pushing up oil prices, putting overall pressure on risk assets, yet Bitcoin has shown some hedging resilience, briefly outperforming U.S. stocks. Some analysts believe that we may currently be at the bottom phase of the bear market, with indicators like MVRV nearing historical lows, but short-term upward movement still needs to await a de-escalation of geopolitical risks or clear signals from the Federal Reserve regarding policy.
Overall, the cryptocurrency market remains in a period of high uncertainty and speculation, suggesting a cautious approach with light positions and focusing on the breakout direction of the support at $71,000 and pressure at $74,000.
Community live broadcast room: @金先生聊MEME (14:00-00:00) @Aurora清瑜 (00:00-14:00) @Huihui慧慧SG (around 17:00) @MrStar , @Yiz13 (around 01:00) international community
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Community live broadcast room: @金先生聊MEME (14:00-00:00) @Aurora清瑜 (00:00-14:00) @Huihui慧慧SG (around 17:00) @MrStar , @Yiz13 (around 01:00) international community
Click the golden font, then click the avatar (the avatar moves when live)