I was awakened by the liquidation alert at 3 AM last night. Habitually, I opened the on-chain data and saw, oh boy, it's the familiar formula again—large holders are washing the market, and retail investors are in panic.
$STO surged 42% today, with a trading volume of only 12M. Such a small-scale surge is like throwing a stone into a swimming pool, creating a big splash. Looking back at those on the decline, $SUI and $FET are both down, yet their trading volume is even larger. What does this indicate? Smart money is picking up bargains amid the chaos.
I checked the on-chain data and found an interesting phenomenon: the activity of whale addresses for Core and Pudgy Penguins has noticeably increased over the past two days, and they are quietly building positions during price corrections. It's like observing a crime scene; on the surface, it seems calm, but there are undercurrents.
$BTC is down 0.4%, $ETH is down 1.8%. The slight pullback in mainstream coins has provided a stage for altcoins to perform. But don't forget, the logic of the altcoin season is: first, mainstream coins must stabilize, then altcoins can celebrate. At this point in time, it feels more like preparing for the next wave of the market.
Historically, each time the market consolidates sideways, there are always a few coins that suddenly explode, bringing hope to the market. Today's $STO is an example of this, but whether it can sustain depends on the subsequent volume situation.
【Risk Warning】High volatility means high risk, and position management is more important than choosing coins. NFA, for reference only.
❓ How many days do you think this wave of altcoin mini-spring can last? 3 days deduct 1, 1 week deduct 2, directly GG deduct 3
#DeFi #BTC #Bitcoin #BearMarket