The secondary market daily 20250311

The secondary market daily 20250311 Broader market movements The cryptocurrency market as a whole is in a state of extreme panic, with Bitcoin falling below its 200-day moving average and the total market capitalization down more than 30% from its December high. Mainstream currencies such as ETH and SOL have fallen sharply, and DeFi TVL has also given up all the gains since Trump’s election. Analysts believe that the current period of consolidation could evolve into a medium-term bear market, and although Bitcoin may become a safe-haven asset in the future, it is still considered a risky asset for now. Market sentiment is close to the collapse tipping point, and Bitcoin support is around $70,000 in the short term. Mainstream Token $BTC There has been a double pressure in the near term: ETF outflows and bearish chart patterns. The pullback may continue in the short term, but dip buying opportunities have emerged, and key support levels need to be closely watched. $ETH recently fell below $2,000, but the whale bought 330K $ETH in 48 hours, indicating a bottom-buying opportunity. It is recommended to pay attention to the potential for a rebound to $2,140. $SOL Technicals suggest a break below the key support of $90 could lead to further downside. Popular coins $WHITE Recently, WhiteRock’s connection with NASDAQ/NYSE and T+0 settlement attracted institutional capital inflows, coupled with the Trump Fund’s $6 million investment, which is bullish in the short term. However, it is important to be wary of market volatility, and the long-term potential depends on the adoption rate of banks and institutions. $DRB As the first token of Grok, it has shown strong growth potential with the support of the Base Chain and a strong ecosystem. Grok continues to generate revenue through transaction fees and has amassed $165,000 so far, showing that the market is highly active. If the CEX is listed in the short term, it may push the price up further. Focus on short-term trading opportunities, but be wary of volatility risks. $MOVE mainnet launch + ETF application submission, marking its entry into a new phase. Recently, there have been frequent institutional movements, and ETF expectations have strengthened, which may bring opportunities for price increases in the short term. However, it is important to be wary of market volatility, especially the uncertainty of ETF approval results. In the long run, the fundamentals of $MOVE are good and worthy of attention. $RARE The recent performance has been strong, with an increase of more than 60%, and the spot has broken through the pressure level, and there is still room for the contract. Although the decline in $ETH has affected the price of artworks, the fundamentals of $RARE are solid, and the long-term period is at a relative bottom, and it may continue to rise after adjustment. Watch for breakout opportunities after consolidation. $ENA Strong performance in a bear market with technicals pointing to a bullish extended wedge pattern with short-term support at the 0.406 area. Despite the pressure to unlock tokens, the fundamentals are good, with stable TVL and revenue. It is recommended to focus on the 0.483 resistance level, which may continue to rise after the breakout. Short-term traders can consider taking profits, and long-term investors need to be cautious when entering the market. The above information is automatically generated by @cryptohunt_ai and is not intended as investment advice. {spot}(MOVEUSDT)