Next week, the crypto market will face a series of important events. Tokens such as ZK, ZKJ, and ARB will face large unlocks, with ZK's unlock amount reaching up to 39 million dollars, which may impact market liquidity. In addition, MicroStrategy founder Michael Saylor has once again released Bitcoin Tracker information, leading the market to anticipate that his company may disclose new Bitcoin Shareholding data, attracting attention.
From the Bitcoin liquidation heat map, if the price rises, there are a large number of significant and super-sized short positions at risk of liquidation in the range of 106,100-109,350 dollars; if the price falls, there will be liquidation pressure on long positions in the range of 104,200-100,400 dollars.
From the Ethereum liquidation heat map, when the price rises, there are a large number of short positions pending liquidation in the range of 2,560-2,660 dollars; when the price falls, there is a risk of liquidation for long positions in the range of 2,484-2,392 dollars. This data warns investors to be cautious of the risks posed by price fluctuations.
Some views on future trends.
Regarding the so-called M-top, from any perspective, I do not believe this is the historical peak; we are still in the hesitant upward phase and far from the real top and frenzy climax.
It is normal for BTC to pull back 3-5 weeks after rising for 7 consecutive weeks and creating a new high, with the final pullback low point possibly below 0.1 million but unlikely to break below 0.09 million. BTC has become more like U.S. stocks, and the current liquidity of U.S. stocks has made BTC in high demand; there is no need to fear being overly high for BTC; just look at how the Nasdaq has been rising for decades.
Ethereum has recently shown steady performance, demonstrating potential for an independent market trend. Altcoins may welcome a short-term opportunity after the adjustment of Bitcoin (BTC), especially after BTC breaks new highs, but overall still constrained by the impact of quantitative easing policies, with a limited window of opportunity.
The liquidity crisis regarding ZKJ and KOGE has sparked heated discussions.
The liquidity feast brought by Binance Alpha has ended due to the 'avalanche' effect, exposing multiple issues in the market:
1. Retail dilemma: Retail investors participating in Alpha are gradually exiting due to falling returns and high costs of scoring, with the number having reached a turning point.
2. Game between large players and manipulators: Large players positioned ZKJ and KOGE in advance to enjoy LP benefits, while liquidity withdrawal led retail investors to take over at high positions, suffering significant losses.
3. Binance policy adjustment: The Binance wallet has canceled the LP points incentive policy to avoid further attracting new investors unfamiliar with DeFi to take over, described as 'patching the barn after the sheep are lost.'
Currently, the on-chain liquidity pool for ZKJ and KOGE has less than $0.02 million in liquidity left, and in three days, ZKJ will face a 1.55% token unlock, posing a high bottom-fishing risk.
Market speculation suggests that this crash may be the result of manipulation by wild funds or market makers, and the project team may not be the direct instigators, but more information is needed to verify the underlying motives. In a market with ample liquidity, speculators act like wolves pursuing profit, and retail investors need to be particularly cautious.
Meme coin craze: Can $LABUBU challenge $PEPE?
In the meme coin market, $LABUBU has attracted a lot of attention, and whether it can challenge $PEPE and reach a Market Cap of 1 billion dollars has become the focus. $LABUBU has the following characteristics:
1. Cultural heritage: As a globally popular cultural IP that has been around for 10 years, $LABUBU is especially thriving in overseas markets and has a strong consensus base.
2.Position Cost Distribution.After experiencing multiple resets, the Position Cost Distribution is sufficiently cleaned up, similar to the early trend of SHIB, with higher retail investor participation.
3. Candlestick performance: Showed a strong upward trend over the past six months, attracting market attention.
4. Market sentiment: Currently, there is a strong speculative atmosphere in the Meme coin market, and investors are weary of the high-risk strategies of 'quick in and out,' seeking symbols with strong consensus and sustainability.
Moreover, what is most anticipated these days is that WLFI is about to issue tokens. Although altcoins and Meme coins have opportunities, it is important to select symbols carefully to avoid blindly chasing highs. Investors should remain rational, be wary of liquidity traps, and grasp the market rhythm.
