Investors React to Prolonged Negative Fluctuations in Altcoin Market
投資者對山寨幣市場長期負面波動的反應
The extended price decline in the altcoin market has prompted investors to intensify their selling, resulting in significant capital outflows. Bitcoin (BTC) has attempted to regain the $60,000 mark, but trading volume has noticeably diminished. The lack of enthusiasm at higher levels further dampens altcoin sentiment.
山寨幣市場價格持續下跌促使投資者加強拋售力度,導致大量資金外流。比特幣(BTC)試圖重回 6 萬美元大關,但交易量明顯減少。高層缺乏熱情進一步抑制了山寨幣的情緒。
WIF Coin Market Performance
WIF 幣市場表現
WIF Coin, the fourth-largest meme coin by market capitalization, has erased substantial gains this month. While rivals Dogecoin (DOGE), Shiba Inu (SHIB), and PEPE Coin have also declined, WIF Coin has failed to differentiate itself. This bearish trend has triggered a wave of profit-taking, with investors fearing a deeper sell-off.
WIF 幣是按市值計算的第四大迷因幣,本月已經抹去了大幅漲幅。雖然競爭對手狗狗幣 (DOGE)、柴犬 (SHIB) 和 PEPE Coin 也有所下降,但 WIF Coin 未能脫穎而出。這種看跌趨勢引發了一波獲利了結浪潮,投資人擔心拋售會進一步加劇。
In the past nine days, DOGE has shed 10%, while WIF Coin has lost 2% in the last 30 days. DOGE has fallen 15%, and SHIBA Coin has declined 23% during this period.
在過去 9 天裡,DOGE 下跌了 10%,而 WIF Coin 在過去 30 天內下跌了 2%。 DOGE在此期間下跌了15%,SHIBA Coin下跌了23%。
Despite these setbacks, WIF Coin has outperformed the market in terms of annual gains, posting a 700% increase. It ranks second only to POPCAT, another prominent Solana-based altcoin. These substantial gains account for the more pronounced price drops experienced by DOGE and SHIB. Investors are seeking exit points, apprehensive that their profits could vanish entirely.
儘管遇到這些挫折,WIF Coin 的年度漲幅仍跑贏市場,成長了 700%。它排名第二,僅次於 POPCAT(另一種基於 Solana 的著名山寨幣)。這些大幅上漲是 DOGE 和 SHIB 經歷更明顯價格下跌的原因。投資者正在尋找退出點,擔心他們的利潤可能會完全消失。
WIF Coin at a Crossroads
WIF 幣處於十字路口
In nine days, futures trading witnessed approximately $7 million in liquidations for long positions in WIF Coin. In contrast, short position liquidations amounted to only $3 million. Investors anticipating a continued upward trend after August 9th have been met with disappointment, as BTC's erratic price fluctuations have crushed their hopes.
在 9 天的時間裡,期貨交易中 WIF 幣多頭部位的清算額約為 700 萬美元。相比之下,空頭部位清算金額僅 300 萬美元。預計 8 月 9 日之後將繼續上漲的投資者感到失望,因為 BTC 不穩定的價格波動粉碎了他們的希望。
From a technical perspective, a head-and-shoulders pattern presents the potential for a significant correction. A downward break below the neckline at $1.46, accompanied by volume, could lead to a further price decline towards $0.725. Currently, BTC is struggling to reclaim $60,000, suggesting that a downward break is more likely.
從技術角度來看,頭肩形態呈現重大調整的潛力。跌破頸線 1.46 美元並伴隨成交量,可能導致價格進一步下跌至 0.725 美元。目前,BTC正在努力重返60,000美元,這表明下行突破的可能性更大。
Conversely, a breakout above the $1.48-$1.69 range could invalidate the bearish setup. This would shift the focus back towards targets above $2.
相反,突破 1.48-1.69 美元區間可能會使看跌格局失效。這會將焦點重新轉向 2 美元以上的目標。
The original article was published on COINTURK NEWS.
原文發表在 COINTURK NEWS 上。