The least needed cryptocurrency market is the potential implosion of the largest JES in the market. However, the FUD surrounding Binance may not be as bad as some have described, and the previously prevalent wave of Z gold outflows may be an important factor in its stability. Dogecoin regained support Dogecoin’s competition with the market is not over yet; meme has been moving upward successfully in the past two months, but has returned to the trendline support level by the end of the year. Unfortunately, this is not a good sign. The above trend line should not be considered a potentially strong reversal point, as it does not have any volume support behind it, nor does it have a large number of concentrated M orders. Fortunately, the sharp rebound occurred immediately after the meme coins reached the support level.
As for now, Dogecoin has not broken through it yet, but at the same time it has lost more than 0.5% of its value in the past 24 hours.
BNB J Gree plummeted 18%. As soon as the survey report touched the cryptocurrency market, investors began to panic to sell Binance coins held by S, causing Binance bottom token J Gree to plummet by more than 5%, causing the first wave of losses. Soon after, the $2 billion bank run began: Despite the lack of factors that should have prompted them to do so, J Yi has been closing positions quickly and pulling stablecoins off the J Yi platform.
However, the $2 billion Z withdrawal wave showed the elasticity of JEISS, while FTX plummeted after a wave of outflow of just $1 billion. However, there are some things to worry about. In his recent tweet, Changpeng Zhao announced that J Essentials could not cope with the increased USDC withdrawals following a surge in USDC demand. However, the most likely reason behind this should not be linked to J Yi's lack of reserves. Rebalancing and Z gold redistribution are more likely to be the reason behind the suspension of K withdrawal.
For now, the outflow speed of the exchange does not seem to increase, but returns to the average level. However, almost any news could trigger another bank run, however, given the nearly $15 billion liquid reserve in the $60 billion investment Z portfolio, Binance should be able to handle it. Another breakthrough attempt by Ethereum The second largest cryptocurrency in the market has soared rapidly on the network's whale-grade JEY percentage. Given the lack of price action and relative calm on the Internet, such a strong increase in the number of large JEYs is likely to be related to Binance's run. Before
, we emphasized how low consumption rates on the network lead to dull J-shaped performance. Ethereum has been trying to break through local resistance levels for nearly two weeks, but has failed due to the lack of traction in the network.
There are many opportunities in the crypto market, but you may not be able to grasp them all, or you may not be able to grasp them. At this time, you need a high-quality circle to maintain insight and obtain the latest market news. If you are the only one, you are confused and it will be difficult to persevere in this market.
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