Gate Latest Cryptocurrency Market Analysis (November 13): Bitcoin Falls into "Extreme Fear" Again, JCT Leads the Pump in Alts

According to Gate's crypto assets market analysis on November 13, the current price of Bitcoin is $102,124.9, the fear and greed index has fallen to 15, indicating an “extreme fear” stage, and market sentiment is low. However, institutions remain bullish, with publicly listed companies holding over 1 million coins. In terms of alts, JCT3L has experienced a big pump of 53.82%, showing that there are still local hotspots.

Market Core Performance: Institutions Hold Firm in Extreme Fear

The current price of Bitcoin is $102,124.9, down 1.46% in the last 24 hours, showing a consolidating pattern with fluctuations around $110,000 in the short term. This price behavior reflects the market's hesitance at high levels, with bulls and bears repeatedly contesting around the psychological level of $100,000. From a technical perspective, key support for BTC is located at $100,800, which is an area where multiple technical indicators converge. A break below this level could trigger further retracement. The resistance level is at $105,325, and a breakthrough at this position would open the way towards $110,000 or even higher.

It is worth noting that, despite the short-term price pullback, the trend of institutional bullishness has not changed. The amount of coins held by listed companies has surpassed 1 million, which is a milestone figure. These institutional buyers typically adopt long-term allocation strategies and do not easily change their positions due to short-term fluctuations. When retail investors sell off due to panic, institutions tend to accumulate at lower levels, and this divergence often indicates the possibility of a trend reversal.

The current price of Ethereum is $3,430.04, with a slight drop of 0.44% in the past 24 hours, fluctuating around $4,300, and the market sentiment is cautious. The performance of ETH is relatively more stable compared to BTC, with a smaller decline indicating an increase in its independence. The continued development of the ecosystem is a key factor supporting the price of ETH, and the on-chain data showing an addition of 2 billion USDT indicates that the actual demand for the Ethereum network remains strong. The key support level for ETH is $3,371, with a resistance level at $3,588, and overall, it is in a relatively solid technical structure.

Key Data of Mainstream Coins

BTC 24h Trading Volume: 1.15 billion USD, with ample liquidity, indicating high market participation.

ETH 24h Trading Volume: 685 million USD, trading depth is good

Institutional Holdings: Public companies hold more than 1 million BTC, indicating a clear long-term bullish signal.

Fear and Greed Index: 15, extreme fear, historically this stage often represents a mid-term bottom area.

Altcoin Explosion: Local Hotspots Highlight Capital Rotation

Against the backdrop of mainstream coins fluctuating, the altcoin market has shown significant differentiation. JCT3L price is $1.99, with a 24-hour big pump of 53.82%, and a leverage multiplier of 2.4x, indicating high volatility. The big pump of such leveraged tokens is usually related to short-term speculative enthusiasm and technical rebounds. The leverage multiplier of 2.4x means that for every 1% fluctuation in the underlying asset, JCT3L will fluctuate by 2.4%, making it suitable for traders with extremely high risk appetite.

SKX price is $0.511, up 34.57% in the last 24 hours, with active trading and a daily trading volume exceeding 1.4 million. The increase in volume is a key indicator of the sustainability of the price rise. When price increases are accompanied by a significant increase in volume, it usually means there is real buying pressure driving it, rather than a false breakout. The performance of SKX suggests that the project may have new catalysts in terms of fundamentals or market narratives.

ZORA price is 0.068 USD, with a 24-hour pump of 22.62%. As a Web3 ecosystem coin, it has high community attention. ZORA is a decentralized NFT marketplace protocol, and its price increase may be related to the recovery of the NFT market or technological upgrades of the protocol itself. Web3 ecosystem coins typically have strong narrative-driven characteristics, and when market sentiment improves, these types of assets often rebound first.

The collective outbreak of alts occurred during the fluctuations of mainstream coins, which is a typical phenomenon of capital rotation. When the prices of BTC and ETH are consolidating at high levels, some capital will flow to smaller market cap, more flexible alts in search of excess returns. This rotation usually occurs in the mid-stage of a bull market and is a signal of increased market risk appetite. However, the high volatility of alts also means high risk, and investors need to carefully assess their own risk tolerance.

Technical Signal Deep Analysis: Opportunities for Rebound in Panic

(Source: Gate)

The Bitcoin Fear and Greed Index has fallen to 15, indicating an “extreme fear” phase, which is a crucial market sentiment indicator. This index combines various dimensions such as volatility, market momentum, social media sentiment, survey data, market dominance, and trends, with a value range from 0 (extreme fear) to 100 (extreme greed). Historical data shows that when the fear and greed index falls below 20, it often marks a short-term bottom area, at which point market sentiment is overly pessimistic, and prices may be undervalued.

Looking back at history, when the Fear and Greed Index fell to single digits in November 2022, the price of BTC built a bottom around $15,000, and then initiated a year-long bull market. In June and September 2023, the Fear and Greed Index fell below 20 twice, both providing good medium-term buying opportunities. Of course, extreme fear does not mean that the price has bottomed out; the market may continue to decline in panic, but from a probability perspective, the risk-reward ratio for entering the market at this time is usually more favorable.

The liquidity health assessment indicates a solid market foundation. BTC 24h trading volume is 1.15 billion USD, ETH 24h trading volume is 685 million USD, with good trading depth and ample market liquidity. Ample liquidity means that large transactions will not cause severe price fluctuations, allowing the market to effectively absorb buying and selling pressure. In contrast, when liquidity is exhausted, even small sell orders can trigger a price crash, which is often characteristic of market bottoms. Current liquidity data shows that the market has not entered a panic selling phase, but is in a rational wait-and-see state.

Technical indicators require a comprehensive assessment across multiple dimensions. From the K-line pattern perspective, BTC has repeatedly tested above 100,000 USD, forming a relatively stable consolidation platform. From the trading volume distribution, the recent decline has been accompanied by a decrease in volume, indicating that selling pressure is not strong. From the position structure, institutions continue to increase their holdings while retail investors panic sell; this process of chips shifting from weak hands to strong hands is often a precursor to a trend reversal.

Investment Strategy Recommendations: A Cautiously Optimistic Operational Blueprint

In terms of short-term trading strategies, it is recommended to enter the market when BTC is in the range of 101,500-102,500 USD. This range is close to the current price and provides a relatively safe buying window. The stop-loss should be set at 100,000 USD, which is a clear psychological barrier and technical support level; breaching this level would indicate a potential change in market structure, necessitating a timely exit. The take-profit target is set at 105,000 USD, which is a recent resistance level; after a breakout, one can continue to hold or partially take profits. Position management suggests a conservative allocation of 10%-15%, as this position size will not incur significant losses in unfavorable price conditions, yet can capture considerable gains in favorable ones. The risk rating is medium risk, suitable for investors with some experience.

The trend judgment for medium-term investment layout is cautiously optimistic, expecting a volatile upward movement. This judgment is based on continuous buying by institutions, ample liquidity, and extreme panic in market sentiment. The allocation suggestion is 60% BTC and 40% ETH, which balances the stability and growth of mainstream coins. BTC, as digital gold, has stronger hedging properties in uncertain environments. ETH benefits from the continuous development of the ecosystem and has higher growth potential.

Key nodes need to pay attention to SEC regulatory dynamics. Changes in regulatory policies are often important catalysts for the crypto market, whether positive or negative. Situational analysis suggests maintaining flexible position management, so that strategies can be adjusted timely when market conditions change. In an extremely fearful market, staying calm and disciplined is the key to success.