The crypto market experienced its largest liquidation event ever on Friday night U.S. time, forcing out leveraged bullish bets worth $16 billion across bitcoin (BTC), ether (ETH), XRP (XRP), solana (SOL), and the broader altcoin market. Several altcoins have crashed between 20% to 40% as the market recoiled. Naturally, bulls may be wondering whether the recovery could be swift or take time. Understanding the process that follows a crash like this suggests the recovery is likely to be gradual, testing the ...

The crypto market is up today, with the cryptocurrency market capitalization jumping by 4.2%, now standing at $4.17 trillion. 98 of the top 100 coins have appreciated over the past 24 hours. At the same time, the total crypto trading volume is at $215 billion, higher than what we’ve been seeing lately. TLDR: The crypto market capitalization is up 4.2% on Thursday morning (UTC); 98 of the top 100 coins are up, as are all top 10 coins, with DOGE at the top; BTC is up 4% to $118,682, and ETH is up 7% to $4,3 ...

Group 1: Market Overview - The global financial market is closely monitoring the Federal Reserve's monetary policy, which could impact liquidity in risk assets, including cryptocurrencies [1][8] - If the Federal Reserve maintains high interest rates, the cryptocurrency market may face continued pressure, while a shift to rate cuts could lead to renewed investment inflows [8] Group 2: Ethereum Challenges - Ethereum (ETH) faces two main challenges: scalability issues despite Layer 2 solutions and the complexity of upgrades like EIP-4337, which have yet to demonstrate effective results [3] - High gas fees and network congestion continue to affect user experience, particularly during bull markets [3] Group 3: BNB's Current Situation - BNB, the native token of Binance, struggles with price volatility and market confidence, with resistance levels around $1,083 and potential declines to the $750-$1,000 range if it fails to break through [3][4] - BNB's reliance on a single ecosystem and regulatory uncertainties contribute to its market fluctuations [3][4] Group 4: BlockDAG Emergence - BlockDAG technology is gaining traction with its strong market entry, supporting EVM compatibility and launching initial DApps [7] - A successful presale raised $410 million, with a projected return rate of 3,025% [7] Group 5: XBIT Wallet Features - XBIT Wallet serves as a multi-chain asset management tool, providing features like gas fee optimization and hardware-level security for Ethereum assets [3][5] - The wallet offers seamless interaction with BNB Chain and supports cross-chain exchanges, enhancing user experience [5][10] - XBIT Wallet's compliance with global regulations aids in secure storage of BNB, mitigating risks from policy changes [5] Group 6: Investment Strategy Implications - The current market dynamics highlight the need for investors to adapt their strategies based on macroeconomic indicators and technological advancements in the cryptocurrency space [10] - The competition among established players like Ethereum and BNB versus emerging technologies like BlockDAG underscores the importance of choosing the right tools and ecosystems for future growth [10]

Core Insights - Bitcoin and other cryptocurrencies are lagging behind gold and stocks in reaching new highs, raising doubts about whether the bull market has ended [2][3] - A recent study by CryptoQuant identifies four key reasons for the weakness in the cryptocurrency market: Federal Reserve rate cuts, stablecoin supply, leveraged investors, and historical patterns [3] - The current liquidity tightness has left Bitcoin in a stalemate, with bulls not yet challenging historical highs, while gold and U.S. stock markets continue to set new records [3] Group 1: Market Dynamics - The cryptocurrency market is experiencing a historical pattern where institutional funds initially flow into high liquidity assets like stocks and gold during early rate cut phases by the Federal Reserve [3] - The total supply of stablecoins reached a new high of $308 billion this month, but the inflow to exchanges is lower than outflow, indicating a tendency among traders to hedge or take profits [6] - Liquidity is primarily distributed outside exchanges, including cross-chain transfers and private markets, rather than being actively used to purchase Bitcoin or Ethereum [7] Group 2: Historical Comparisons - The current market structure for Bitcoin and Ethereum shows similarities to a year ago, where price increases followed by liquidity not fully entering the cryptocurrency market led to corrections [5] - Historical data indicates that Bitcoin typically lags behind traditional assets, often rising 12% in 30 days and 35% in 90 days after stocks reach new highs [9] - The upcoming expiration of $22.6 billion in options may significantly impact future price movements in the cryptocurrency market [13]

Market Overview - The global cryptocurrency market cap has decreased by 0.1% to $3.99 trillion, with a steady 24-hour trading volume of $163.7 billion [1][2]. Crypto Performance - Among the top 10 cryptocurrencies, 8 are experiencing losses over the past week. Bitcoin (BTC) is priced at $112,975, down 2.8% weekly, while Ethereum (ETH) is at $4,177.52, down 7% [3][4]. - Solana (SOL) has dropped 9.2% over the week, trading at $212.74, and Dogecoin (DOGE) leads the losses with an 8.5% decline, now at $0.2429 [3][4]. Altcoin Trends - A few altcoins are showing significant gains despite the overall market stagnation. Aster has increased by 24.8%, and SafePal has risen by 24.3%. Undeads Games has also seen a 5.8% uptick [5][6]. - In the top gainers category, Quanto and Slash Vision Labs both surged by 52.4%, while Fluid jumped 47.8% in 24 hours, indicating ongoing volatility in the altcoin market [6]. Institutional Trends - Companies are reportedly holding more Bitcoin than ETFs, which is helping to offset sell-offs by large holders, creating a structural floor for BTC prices [6][7]. - The CFTC's initiative to allow tokenized assets as collateral in derivatives markets is viewed as a significant advancement for digital finance [7]. ETF Outflows - US Bitcoin spot ETFs experienced a loss of $103.61 million on September 23, primarily due to a $75.56 million outflow from Fidelity's FBTC. US Ethereum spot ETFs saw $140.75 million in outflows, with FETH losing $63.40 million [7].

Market Overview - The global cryptocurrency market capitalization has increased by 0.1% to $3.99 trillion, with a total trading volume of $175 billion over the last 24 hours [1]. Crypto Performance - Among the top 10 cryptocurrencies, six are experiencing losses in the past 24 hours. Bitcoin (BTC) is trading at $112,989, up 0.1% but down 2.2% for the week. Ethereum (ETH) is at $4,197, up 0.3% for the day but down 7.0% over the week. XRP has the largest daily gain at 1.8%, trading at $2.87, while BNB is up 1.9% to $1,000.34, with a 7.8% weekly gain [3]. - Solana (SOL) is the biggest daily loser, down 1.2% to $218.78. TRON (TRX) has fallen 0.5% to $0.3379, with a weekly drop of 2.2% [4]. Trending Tokens - Aster leads the trending tokens with a 9.2% gain, trading at $1.73, followed by OG at 2.9% to $5.52. Undeads Games is the biggest loser in this category, down 5.2% to $1.60 [4]. Gainers and Market Sentiment - AI Companions has surged 181.4%, followed by A Hunters Dream at 83.2% and Hemi at 54.3%, indicating strong short-term momentum among low-cap altcoins [5]. - The liquidation event on Monday involved $1.5 billion in leveraged liquidations, highlighting market fragility, but also suggesting a potential path for Bitcoin recovery [6][8]. Liquidation and Market Dynamics - The recent liquidation flush affected over 407,000 traders, with Bitcoin briefly dipping below $112,000, marking the largest liquidation event of the year [8]. - Analyst Shawn Young warns of macro fragility following the $1.5 billion in liquidations, indicating that Bitcoin must hold above $112,000 to avoid sliding to $107,000, while Ethereum faces key support at $4,000 [7]. ETF Outflows and Market Sentiment - US Bitcoin ETFs experienced outflows of $363.17 million on September 22, while US Ethereum ETFs saw $75.95 million in outflows. The CMC Fear & Greed Index has dropped to 40 from 56 last month, reflecting a shift in market sentiment [7].

市场分析指出，此次下跌并未伴随明确的外部事件或政策利空，更多是技术性回调与市场情绪共振的结 果。比特币价格一度下探至11.19万美元/枚的关键支撑位，该价位在过去数月多次经受考验但未被有效 跌破，已成为市场重要的心理防线和技术参考点。值得注意的是，在触及该支撑后，价格出现企稳反弹 迹象，部分投资者逢低买入。 尽管短期内波动加剧，部分机构仍认为本轮调整属于正常市场行为。有分析人士表示，当前比特币面临 的抛售压力较大，但缺乏实质性的负面催化剂，市场整体回调更多反映了杠杆仓位的集中清理。随着价 格在关键支撑位获得买盘支撑，市场有望逐步恢复稳定。 此次行情调整中，比特币（BTC）、以太坊（ETH）及狗狗币（DOGE）等主要加密资产均出现显著跌 幅。其中，多头仓位成为爆仓主力，损失达15.95亿美元，占总爆仓金额的绝大部分；空头仓位亦有 8343.54万美元的损失。从资产类别看，以太坊相关仓位爆仓金额最高，达4.77亿美元，比特币紧随其 后，爆仓额为2.82亿美元。 【CNMO科技消息】9月23日，全球加密货币市场经历剧烈波动，主流币种价格集体下挫，引发大规模 投资者爆仓。据Coinglass最新数据，过去24小时内， ...

Market Overview - The global crypto market cap has decreased by 3.8% to $3.97 trillion, while trading volume has increased to $190.3 billion [1] - Most major cryptocurrencies are experiencing losses, with only a few exceptions among top coins [1] Crypto Performance - Nine of the top 10 cryptocurrencies by market cap are showing 24-hour losses, with Bitcoin (BTC) down 2.7% to $112,508, but up 2% over the past week [3] - Ethereum (ETH) has dropped 6.7% to $4,166.40, marking a significant decline [3] - Dogecoin (DOGE) leads the losses, falling 10.7% to $0.238, with a nearly 10% drop over the past week [3] Notable Trends - BNB (BNB) is the only coin among the top five showing a weekly gain of 11.1%, despite a 3.9% drop in the last 24 hours [4] - Some altcoins are exhibiting high volatility, with PumpBTC surging 140.9% to $0.2175, while OG saw a massive drop of 26.8% to $4.31 [4][5] Market Sentiment and Predictions - Analysts are debating whether Bitcoin will replicate its historical performance in October, which has seen positive returns in 10 out of the last 12 years [5] - A potential rally could push BTC to around $165,000 from current levels [5] Political and Regulatory Impact - President Trump's proposed $100,000 H-1B visa fee is causing market jitters, particularly affecting India's $280 billion IT outsourcing sector [6] - This policy may lead to increased trade tensions and corporate costs, potentially driving capital towards safer assets [7] - The Fear & Greed Index currently stands at 47, indicating neutral market sentiment [8]

Market Overview - The cryptocurrency market experienced significant losses early Monday, with major cryptocurrencies like bitcoin (BTC) and ether (ETH) contributing to a liquidation of leveraged bets worth $1.5 billion [1] - The decline followed a dovish Fed interest-rate cut, which was anticipated to lower the dollar index and promote risk-taking in crypto markets [1] Bitcoin Analysis - Recent signals indicate a downward trend for bitcoin, with BTCUSD falling out of its upward channel established since early September and dropping below key support levels and the 50-day moving average [2] - This combination of negative indicators suggests further declines are likely unless there is a fundamental shift in market sentiment [2] Derivatives Positioning - The top 20 tokens, excluding BTC and HYPE, have seen double-digit declines in futures open interest as overleveraged bets are liquidated [3] - Shorts are increasing in Binance-listed USDT futures, with open interest rising to 276K BTC, while funding rates for several altcoins are notably negative, indicating a bearish sentiment [3] - BTC front-month futures on the CME are trading at a $100 premium to the spot price, and a potential shift to a discount could signal increased selling pressure [3] Market Sentiment and Altcoins - The sell-off was exacerbated by a $1.6 billion liquidation cascade, with $500 million occurring in ether trading pairs [3] - Funding rates for ether have turned negative, indicating a shift in sentiment after a significant rally from $2,400 in July to $4,831 in late August [3] - Major cryptocurrencies like BTC, ETH, and SOL are at critical support levels, and a recovery could occur if traders are overly aggressive in short positions [3] - The average crypto token relative strength index (RSI) is at 28.4, suggesting heavily oversold conditions that may lead to a relief rally unless BTC and ETH break their support levels [3]

Market Overview - The cryptocurrency market experienced a significant downturn, with major cryptocurrencies like BTC, ETH, and DOGE showing notable declines in price over the past 24 hours [1][2]. Price Movements - Bitcoin (BTC) is priced at $113,023.9, down by 2.32% - Ethereum (ETH) is priced at $4,171.16, down by 6.92% - Dogecoin (DOGE) is priced at $0.23998, down by 10.68% - Other notable declines include SOL at $224.12 (-6.82%), XRP at $2.802 (-6.78%), and BNB at $1,017.21 (-5.26%) [2]. Liquidation Data - Over the past 24 hours, approximately 406,205 traders were liquidated, with a total liquidation amount of $1.678 billion. Long positions accounted for $1.595 billion, while short positions totaled $83.435 million [5][6]. - The liquidation heatmap indicates that the majority of liquidations involved ETH ($477 million) and BTC ($282 million) [6][7]. Regulatory Impact - The European Union is considering actions against Russia's financial evasion strategies, which may include sanctions on cryptocurrency platforms and related transactions [7]. - This regulatory scrutiny could further impact market sentiment and trading activities within the cryptocurrency sector [7]. Market Sentiment - Analysts suggest that Bitcoin is under heavy selling pressure without clear catalysts, and it has recently tested a critical support level of $111,900, which has previously led to price rebounds [8]. - Concurrently, the gold market reached a historical high, with London gold prices surpassing $3,715 per ounce, indicating a shift in investor preference towards safer assets amid market volatility [9].