Spot market volatility intensifies: HIVE drops 16% to new lows, ILV defies the trend to reach weekly highs

robot
Abstract generation in progress

【BitPush】Spot market volatility intensifies, with multiple cryptocurrencies reaching key price levels. NTRN dropped 13.94% within 24 hours, HIVE experienced an even larger decline of 16.28%, hitting a new low for the day. Affected by market adjustments, STEEM, BANK, SNX, and GAS also bottomed out successively, with declines of 6.1%, 7.39%, 5.27%, and 6.86% respectively.

However, there are mixed gains and losses. ILV performed remarkably well, reaching a new high for the week, with a weekly increase of 6.25%. GMT experienced a short-term rebound, rising 3.02% on the 5-minute K-line, indicating some funds are beginning to bottom out.

HIVE-5.7%
ILV0.15%
NTRN-1.64%
STEEM-3.98%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 3
  • Repost
  • Share
Comment
0/400
TokenStormvip
· 12-29 04:06
HIVE's 16 points dropped ridiculously, but on-chain data shows whales are accumulating, and the eye of the storm is indeed the safest ILV's weekly gains are decent, but I still think the rebound arbitrage space is limited, and a retest is inevitable The funds bottom-fishing, I bet they are also calculating liquidation prices... Anyway, I was forcibly liquidated again yesterday The 3-point rebound of GMT, from a technical perspective, lacks convincing power, continue to watch This correction was quite significant, but the real opportunities are on the list, no action for now
View OriginalReply0
SerLiquidatedvip
· 12-29 04:05
HIVE has dropped the ball again, and this drop is pretty harsh... But ILV is holding up quite well.
View OriginalReply0
ChainBrainvip
· 12-29 04:03
With this kind of HIVE dump, can ILV still rise? The market logic is truly incredible. Who can understand this move?
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)