🎉 #Gate Alpha 3rd Points Carnival & ES Launchpool# Joint Promotion Task is Now Live!
Total Prize Pool: 1,250 $ES
This campaign aims to promote the Eclipse ($ES) Launchpool and Alpha Phase 11: $ES Special Event.
📄 For details, please refer to:
Launchpool Announcement: https://www.gate.com/zh/announcements/article/46134
Alpha Phase 11 Announcement: https://www.gate.com/zh/announcements/article/46137
🧩 [Task Details]
Create content around the Launchpool and Alpha Phase 11 campaign and include a screenshot of your participation.
📸 [How to Participate]
1️⃣ Post with the hashtag #Gate Alpha 3rd
⚓️‼️ In the last 24 hours, a liquidation of $875 million occurred in the crypto market. Bitcoin is trading at around $99,237 and Ethereum is also at approximately $2,199.
🔍 Market Dynamics and Liquidation Reasons
Leveraged Long Positions:
Long positions were quickly liquidated due to sudden price drops. This situation led to liquidity crunch in the market and an increase in volatility.
Macroeconomic Factors:
The US military operations against Iran negatively affected global risk appetite. The rise in oil prices and potential inflationary pressures pushed investors to seek safe havens.
Technical Indicators:
The RSI value of Bitcoin is close to the oversold area, indicating potential for a short-term recovery. However, the fragility in the market structure continues.
📊 Altcoin Performance
Ethereum (ETH):
It has declined to the level of $2,199 with a loss of 8.52%.
Solana (SOL)
It fell below 92% ATH level with a 31% loss in value. Large SOL positions linked to FTX and Alameda Research have increased liquidation pressure.
⚠️ Risk Management and Strategy Recommendations
Low Leverage Usage:
High-leverage transactions carry significant risks in volatile markets. Using low leverage can limit potential losses.
Monitoring Support Levels:
The $97,000–$95,000 range for Bitcoin should be monitored as critical support levels. Breaking these levels could lead to deeper declines.
Market Tracking:
Global economic developments and geopolitical risks can directly affect the crypto market. Therefore, it is important to regularly follow the news flow.
It is not investment advice.
#Bitcoin # Ethereum #crypto market