Track current hot topics in the coin industry, take advantage of the best opportunities for deals. Today is Tuesday, February 4, 2025, I am Van Ji-bo! GM, coin friends ☀️ Fans, support 👍 Like and make big money 🍗🍗🌹🌹

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This is an unexpected event in the cryptocurrency market that has caused a catastrophic price drop. Such an explanation seems quite professional, but yesterday's minimum prices for bitcoin were 91124.7, and for ether - 2087, which means a 31.86% drop. In fact, the drop in bitcoin was less than 10%, while ether lost 30%. The entire altcoin market has experienced almost a 45% loss, indicating a significant decline. The market for contracts has become particularly vulnerable, with a mass withdrawal of broken positions. This cleansing paves the way for further growth of ether and altcoins! The altcoin season has arrived, but it also means that many altcoins may fail. After every major drop, a wave of big markets follows. Even the monthly chart of the overall market still indicates a positive trend, there is power, the bull is still here.
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In fact, these are completely different things from what happened in history. This time, it can be said that it is a completely irresponsible person who did this. He rises and falls, there is no need to detail, everyone in the crypto sphere knows. But sharp market declines are not uncommon. This can also be considered as the filtering and cleansing of tokens. However, attention should be paid to the widespread fraud in altcoins. It is not advisable to touch types that have no story and are subject to excessive marketing. As mentioned before, many altcoins have been excessively promoted. Maybe they will trap you for three to five years. If you fall into it, it may also be zero. It is better to follow Bitcoin, Ethereum, and assets with the expectation of approval of ETFs for physical goods!
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In the evening, bitcoin/ether quickly rebounds again, with significant growth. Bitcoin reaches a maximum of 102500, while ether reaches a maximum of 2920. Recent candle prices fluctuate at a high level, with candles showing large upper and lower wicks, indicating a significant market disparity. A candle with a long lower wick has appeared on the daily chart, indicating strong support from the bottom. Short-term signs of rebound and correction are still observed. However, close attention should be paid to the duration and strength of the rebound, especially as the key support level of 103500 is approaching GM (3000).