Market Pullback After the New Year Holidays

The market has experienced a pullback as the New Year holidays come to a close. Major cryptocurrencies have seen significant declines, with Bitcoin currently trading at $95,000, down by 6%, and Ethereum dropping to $3,300, reflecting a 9% decrease. Notable Declines in Altcoins Some altcoins have been hit particularly hard in this market dip. $Ai16z has seen a substantial drop of 17%, alongside other tokens such as $HYPE and $ENA, which also fell by 17% and 16%, respectively. This market volatility has contributed to a notable uptick in liquidations, with a total of $631 million in long positions wiped out over the past 24 hours. Market Overview – Total Market Capitalization: $3.50 trillion, down 7.51% – 24-Hour Liquidations: $693 million, a dramatic increase of 253% – Fear & Greed Index: 70, indicating a state of “Greed” Market Overview The market has pulled back following the end of the New Year holidays. #Bitcoin is trading at $95K (-6%) and #Ethereum at $3.3K (-9%). Notable declines include $Ai16z (-17%), $HYPE (-17%) and $ENA (-16%). In the past 24 hours, $631M worth of long positions… pic.twitter.com/8rF89CRljG — CryptoRank.io (@CryptoRank_io) January 8, 2025 Whale Activity: $Ai16z and Other Holdings A prominent whale from the $Ai16z holdings (address: TOP7 Whale) made waves by selling 1.9 million $Ai16z tokens through the trumpet E9uDt…bY9cf address three hours ago. This sale was valued at approximately $3.67 million. In the past month, this whale opened a position worth 19.83 million $Ai16z tokens at an average price of $0.5057, investing over $10 million. Despite the recent sell-off, they still hold 17.43 million tokens, showing a floating profit of $23.04 million and a return of 260%. ai16z 持仓 TOP7 巨鲸通过小号 E9uDt…bY9cf 于三小时前卖出 190 万枚 ai16z，约 367 万美金 过去一个月内他以均价 $0.5057 建仓了 1983 万枚，投入超 1002 万美金！目前仍持有 1743 万枚，浮盈 2304 万美金，回报率 260% 此外他还持有 640 万美金 ZEREBRO（TOP7 持仓地址）和 236 万美金 $SONIC https://t.co/RuvqBKEBHI pic.twitter.com/LJDq3x2hiy — Ai 姨 (@ai_9684xtpa) January 8, 2025 Additionally, this whale also holds substantial positions in other assets, including $ZEREBRO, with 6.4 million USD worth, and $SONIC, with 2.36 million USD worth. This demonstrates how the market remains active, with both volatility and large investor activity continuing to shape the trends in the cryptocurrency space. Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news ! Image Source: skorzewiak/ 123RF // Image Effects by Colorcinch

NullTx

You can visit the page to read the article.
Source: NullTx