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Pi Coin (PI) witnessed a sharp 32% price surge in the past 24 hours, sparking hopes of a sustained rally. However, the optimism was short-lived as investors seemingly used the brief rally to offload holdings. The altcoin’s momentum now faces growing pressure, with technical indicators signaling a potential breakdown if selling continues. Pi Coin Outflows
A quick overview of new project investment opportunities such as MegaETH, Momentum, and zkPass.
This article analyzes the reasons behind the recent significant surge in the crypto market, mainly attributing it to progress in tariff negotiations between China and the United States, as well as positive signals released by macroeconomic data.
- 01:04CoinKarma: BTC shows significant turnover and a high-volume bottoming structure, which is a typical short-term bottom signalAccording to ChainCatcher, CoinKarma, a cryptocurrency trading indicator analysis platform, posted on social media that technical indicator CVD shows BTC has faced strong selling pressure for several consecutive days after losing key medium- and long-term levels this week, resulting in an accelerated price decline. However, we also noticed that the spot trading volume at BTC daily close has reached the highest level in recent times across multiple trading platforms, indicating significant turnover in the market. This kind of large-scale turnover and increased volume to halt the decline is a typical short-term bottom signal.
- 00:43Data: Suspected Bitmine or SharpLink new wallet transfers $60.04 million ETH from FalconXChainCatcher News, according to Onchain Lens monitoring, a newly created wallet received 21,537 ETH from FalconX, valued at 60.04 millions USD. This amount may belong to Bitmine or SharpLink, but it has not been confirmed yet.
- 00:43Placeholder VC partner: The market may be ready for a reboundJinse Finance reported that Chris Burniske, former Head of Crypto at Ark Invest and current Partner at Placeholder VC, stated on social media that the cryptocurrency market appears ready for a rebound, enough to make people bullish again, before the next round of sharp declines arrives.