Xie Jiaping's Tweet Implies "Be Fearful When Others Are Greedy" Moment May Be Here
On November 24th, according to Xinhua, Bitget's Chinese spokesperson Xie Jiayin recently stated in a post on the X platform that the current total market capitalization of cryptocurrencies has returned to $3.3 trillion, while the market sentiment indicator has dropped to 10, hitting a new low in nearly two years. Looking back, he recalled that in March and April of this year, the market also experienced similar pullbacks and widespread panic, but it was later proved to be a buying opportunity. The current market situation bears a striking resemblance to history, suggesting that the timing for the strategy of "when others panic, I am greedy" may have arrived.
Xie Jiayin emphasized that the current market's theme still focuses on the continuous growth of DATs, ETFs, and stablecoins. He advised investors to focus on the following three data dimensions in their subsequent operations as key indicators to judge the market's direction: daily BTC/ETH ETF net inflows, MicroStrategy dynamics, a
3 minutes ago
Analyst: Bitcoin's Top 5 Technical Indicators Signal Bear Market, Key Support Level Seen at $52,820
On November 24th, as per crypto analyst @ali_charts, Bitcoin has exhibited 5 sell signals within the past month:
1. Since January 2022, Bitcoin's monthly MACD has turned bearish for the first time.
2. On the daily chart, the 50-day moving average has crossed below the 200-day moving average, forming a "death cross".
3. Bitcoin has dropped below the 50-week moving average support, a level that historically indicates a significant pullback.
4. The SuperTrend indicator on the weekly chart has given a sell signal, which has long-term reliability in trend reversals.
5. The bi-monthly TD Sequential indicator has also issued a sell signal for Bitcoin, with similar past signals leading to corrections of 78% and 32% respectively.
@ali_charts stated that if Bitcoin continues to decline, the key support levels may be at $75,740, $56,160, and $52,820.
3 minutes ago
Stablecoin Total Market Cap Continues to Decrease, Marking Largest Monthly Drop Since Luna's Collapse
On November 24th, based on the data from DefiLlama, the total market value of stablecoins continues to show a downward trend. It has decreased by 0.33% in the past week, with a current market value of $3028.37 billion. This data represents a decrease of more than $6 billion from the previous peak of $309 billion, marking the largest monthly decline since the Luna crash in May 2022.
3 minutes ago
Robinhood CEO: Tokenized Securities Lending on the Blockchain Has Promising Market Potential
On November 24th, Vlad Tenev, the CEO of Robinhood, stated on the a16z podcast that the securities lending market is a significant source of revenue for brokers and counterparties. However, its operation is highly opaque and inefficient. A considerable amount of trading still occurs through chat tools in the Bloomberg terminal, using peer-to-peer matching.
If these assets were tokenized, a liquidity pool could be established, which would make the entire process extremely simple. Just imagine being able to directly lend or borrow stocks using a protocol like Aave. In comparison to the current cumbersome system that has evolved over decades, this would be much more efficient and user-friendly for end users.
3 minutes ago
「Suspected HYPE Listing Insider Whale」 Faces $10 Million Unrealized Loss, HYPE's Largest Bear Abraxas Capital Successively Liquidates
On November 24th, according to the monitoring of
HyperInsight, likely due to the upcoming large unlock, HYPE has been on a steady downward trend recently. The "Suspected HYPE Listing Insider" whale (0x082) has been in a loss with its HYPE long position since the 19th. The current floating loss is approximately $10.16 million (-126%), and it holds a position size of about $40.7 million with an average price of $39. Currently, it has the largest long position on HYPE on Hyperliquid.
This address opened a $40 million HYPE long position (5x) 5 hours before Robinhood announced the launch of HYPE spot trading on October 23rd, which once led to community suspicion of insider trading. The previously opened long positions of STRK and PURR on November 9th were closed on the 22nd, and now it only holds the HYPE long position.
According to the monitoring, the largest short position on HYPE on Hyperliquid, "Abraxas Capital," has been continu
3 minutes ago
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