I watched the market all day today, and to be honest, it was a bit uncomfortable. Opening the market software, the whole screen was filled with green—not the kind of green that feels good, but the glaring green on the decline list.
Counting around, none of the 9 cryptocurrencies in the front row are in the green. Bitcoin is the strongest, at $90,785, only falling by 0.07%, basically moving sideways around the $90,000 mark. But others haven't been so lucky: Ethereum has fallen below $3,000, now at $2,992, down 1.44%; the platform token is also adjusting, retreating 1.41% to a price of $873.99; SOL is holding up relatively well, down less than 1% at $136.
The ones that are truly suffering are those small coins. DATA has directly fallen by 9.32%, and ASTER has also dropped by nearly 5 points. This kind of fall clearly indicates that funds are being withdrawn, and very urgently.
I've been thinking, the market is currently just waiting. Waiting for what? Waiting for some news that can excite everyone again. Right now, although Bitcoin has stabilized, it has only stabilized and shows no signs of pushing higher. The 90,000 level feels like a temporary resting spot for it, and it's good enough if it can hold on.
A more obvious signal is the performance of altcoins. In the past, when the market was good, funds would overflow from Bitcoin to other coins, but now it has completely reversed. Those coins with large price increases and high risks are being sold off, indicating that everyone is contracting their positions and moving money to relatively safer places.
What should we do now? My thought is this:
First, keep an eye on whether Bitcoin can hold 90,000. This is a psychological barrier, and if it's broken, there may be a chain reaction.
Second, don't touch the altcoins that have recently surged sharply; the risk of chasing highs is too great. Now is not the time to be aggressive.
Third, if you have spare money, you can consider buying some mainstream coins in batches, especially those with relatively small falls. Don't go all in at once; make purchases in several rounds so that the cost will be spread more reasonably.
The market is like this; it won't rise forever, nor will it fall forever. The current adjustment may be preparing for the next wave of market movement. The key is to have patience and not let short-term fluctuations disrupt your rhythm.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
19 Likes
Reward
19
4
Repost
Share
Comment
0/400
ShibaMillionairen't
· 11-30 06:50
If 90k can't be held, I will cry, really.
View OriginalReply0
RektRecovery
· 11-30 06:50
nah this is textbook capital flight pattern, saw it coming miles away tbh. alts getting absolutely slaughtered while btc just... sits there doing nothing. predictable as hell
Reply0
GasWaster
· 11-30 06:49
I understand that watching the market can be difficult, but to be honest, the 90k level seems a bit shaky.
The big dump in DATA was truly brutal, and small coins are basically sacrificial offerings right now.
Buying mainstream tokens in batches is still a valid strategy, but those who really have no spare cash are crying.
If 90k breaks, there might still be some opportunities, but in the short term, there's no sign of improvement.
I agree, don't touch altcoins; chasing after those things now is just giving away money.
With funds being pulled out so obviously, it looks like everyone is waiting for some big news.
Actually, they're just waiting for news; otherwise, anything done now is just gambling.
View OriginalReply0
AirdropHunter
· 11-30 06:36
Stared at the green all day, my head is buzzing a bit, will 90000 break or not, that's the question.
I watched the market all day today, and to be honest, it was a bit uncomfortable. Opening the market software, the whole screen was filled with green—not the kind of green that feels good, but the glaring green on the decline list.
Counting around, none of the 9 cryptocurrencies in the front row are in the green. Bitcoin is the strongest, at $90,785, only falling by 0.07%, basically moving sideways around the $90,000 mark. But others haven't been so lucky: Ethereum has fallen below $3,000, now at $2,992, down 1.44%; the platform token is also adjusting, retreating 1.41% to a price of $873.99; SOL is holding up relatively well, down less than 1% at $136.
The ones that are truly suffering are those small coins. DATA has directly fallen by 9.32%, and ASTER has also dropped by nearly 5 points. This kind of fall clearly indicates that funds are being withdrawn, and very urgently.
I've been thinking, the market is currently just waiting. Waiting for what? Waiting for some news that can excite everyone again. Right now, although Bitcoin has stabilized, it has only stabilized and shows no signs of pushing higher. The 90,000 level feels like a temporary resting spot for it, and it's good enough if it can hold on.
A more obvious signal is the performance of altcoins. In the past, when the market was good, funds would overflow from Bitcoin to other coins, but now it has completely reversed. Those coins with large price increases and high risks are being sold off, indicating that everyone is contracting their positions and moving money to relatively safer places.
What should we do now? My thought is this:
First, keep an eye on whether Bitcoin can hold 90,000. This is a psychological barrier, and if it's broken, there may be a chain reaction.
Second, don't touch the altcoins that have recently surged sharply; the risk of chasing highs is too great. Now is not the time to be aggressive.
Third, if you have spare money, you can consider buying some mainstream coins in batches, especially those with relatively small falls. Don't go all in at once; make purchases in several rounds so that the cost will be spread more reasonably.
The market is like this; it won't rise forever, nor will it fall forever. The current adjustment may be preparing for the next wave of market movement. The key is to have patience and not let short-term fluctuations disrupt your rhythm.