Concerns over adjustments intensify as Bitcoin faces downward pressure... How are the market trends for BTC, ETH, XRP, and SOL?

Amid the continued decline in the cryptocurrency market, investors’ concern over the price volatility of major cryptocurrencies led by Bitcoin is increasing.

Bitcoin: Support Level Breach Could Lead to Further Adjustment

Currently, Bitcoin (BTC) is trading at approximately 131.33 million KRW, down 1.19% in the past 24 hours. Analysis indicates that if the critical support level of 130 million KRW is broken, the next support is expected around 125 million KRW, with mid-term prices potentially declining to the range of 117 million to 124 million KRW.

Market Watch on December BTC Options Expiration and Resulting Volatility

Market participants are closely monitoring Bitcoin options expiring in December, totaling approximately 34 trillion KRW. This event is one of the factors that could intensify short-term price volatility, with leverage positions and long-term holders’ actions likely influencing the price trend.

Major Altcoins like Ethereum, Ripple, Solana, and Others

Ethereum (ETH) is currently trading at 4.55 million KRW, down 0.85%. Institutional investor firm BitMine holds nearly 4% of the total ETH supply, which is a positive factor for long-term stability.

Ripple (XRP) declined 1.81% to 2,940 KRW. Recent ETF capital inflows and market optimism are influencing its price volatility. Solana (SOL) trades at 192,850 KRW, showing oscillating momentum among major cryptocurrencies.

Market Outlook and Investment Strategies

Market experts believe that the current downward trend might be a temporary adjustment within a long-term upward process. From a technical analysis perspective, some indicators suggest the possibility of further declines, but considering increased adoption and expanded institutional participation, the long-term bullish outlook remains plausible.

Investors should adopt diversified investment strategies and maintain a long-term perspective to cope with volatility. At this stage, it is essential to consider external factors such as options expiration, institutional movements, and regulatory changes.

TokenPost AI Notice

This article summary was generated using the TokenPost.ai basic language model. The main content may be omitted or may differ from actual facts.