#数字货币市场调整 Last night's market barometer: A summary of what happened in the encryption world over the past 24 hours.

Woke up to find your wallet green again? Come on, let me help you review what happened overnight.

[Market Scan]
Bitcoin, Ethereum, and Solana continue to wear people down - the decline is relentless, and the three major U.S. stock indices are also struggling. As usual, the correlation between cryptocurrencies and stocks holds; now we just need the U.S. stocks to stabilize first.

The privacy coin sector is a bit precarious. $ZEC has attempted to break through 750 four times without success, and it has now retraced; $DASH and $ZEN are basically following the same trend as ZEC, and SRTK also peaked and then retraced. The risk in this wave of privacy coins is clearly accumulating, so don't blindly catch falling knives.

There are indeed a few coins that are quite strong: ASTER is currently at 1.2U, HYPE is holding at 39.5U, and GIGGLE is relatively resilient compared to Binance's life cycle, which is worth paying attention to.

[Data Alert]
The public sale of Monad tokens has opened on a compliant platform, selling 7.5% of the total supply at a price of 0.025 USDC, ending on Sunday. The pre-market price is stable, hovering around 0.04.

Mainstream encryption treasury companies' net asset multiples (mNAV) have all fallen below 1——Strategy dropped to 0.937, and Bitmine is even worse at only 0.83. In other words, these companies' market values are now cheaper than the coins they hold.

[news]
TheKingfisher posted a liquidation map: the Bitcoin long accumulation zone at 93,000 has been completely cleared, the next chip accumulation zone is around 85,000, and it may drop to as low as 82,500.

Lily Liu, the chair of the Solana Foundation, has spoken out, saying that the application chain infrastructure that adheres to the original spirit of encryption is being crushed by corporate giants. The "enterprise chain" is suffocating the soul of encryption, urging everyone to reclaim the original spirit of encryption.

The last message is a bit lamentable - the old data website DappRadar is closing due to financial difficulties, and the RADAR token has plummeted over 30%. In this situation, the bear market sentiment is becoming increasingly strong...

BTC-0.35%

ETH4.55%

SOL0.62%

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degenwhisperer

· 11-20 03:20

The wallet is green again, this time it's really green to the core, can't smile anymore. Bitmine only has an mNAV of 0.83? Buying their coin is worse than directly buying the dip in their company... what kind of logic is this? DappRadar is about to close? No way, this is really a bear market signal. ZEC has hit 750 four times without breaking, this time it’s a bit heartbreaking... the privacy coin zone is really a bit precarious. ASTER and HYPE are still resisting the fall, but in times like this, who can say for sure... let's be a bit cautious. Lily Liu says enterprise chains strangle the soul of encryption, I’ll just listen, I’ve long been numb to the tunes of these pros. Bitcoin hitting 82.5k? The liquidation map is quite detailed, but who knows, the market doesn’t listen to advice. The price cut of Monad is really possible, but I don’t believe in catching falling knives at this point.

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GateUser-5854de8b

· 11-18 21:49

It's green again... I'm really starting to struggle, those catching the falling knife with Privacy Coins must be crying. DappRadar just shuts down, this is really a signal of the Bear Market, it feels like the established projects can't hold on anymore. Monad at this price... wait, can I buy it at 0.025? I need to buy the dip before Sunday to give it a try. Bitcoin has been swept at 93,000, 85,000 is the key, this time on the dip I went straight for leverage. Not many coins left, ASTER and HYPE are still holding firm, the others... forget it, don't look anymore. The enterprise chain is really killing the spirit of crypto, I have to read Lily Liu's words a few times. ZEC couldn't break 750 after four attempts, I knew this zone was toxic, so I decisively sold. What does it mean when the net asset multiplier breaks 1? These funds didn't even buy the dip, they are too conservative. I've heard enough of the coin-stock correlation, when can we have independent movements? The phrase about the accumulation of risks in Privacy Coins hit me hard... I should have cut my positions earlier.

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GasWaster

· 11-18 02:59

ngl watching my portfolio bleed while checking gas prices every 5min is peak mental illness at this point

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StakeTillRetire

· 11-18 02:58

Again and again it has fallen, the Wallet is so green it could grow vegetables. ZEC is in this dire state and has failed to break through four times; it really seems terminal. The closure of DappRadar feels symbolic of something... the Bear Market is really coming. ASTER and HYPE are still holding up; these two are quite tough but I don't dare to all in. That price of 82,500 feels like the bottom; if it goes lower, there's really nothing left. Lily Liu's words sound quite heart-wrenching, the enterprise chain is devouring the spirit of encryption, how did we fall to this point? If Monad's price can maintain 0.04, it can be followed, but this wave of public sales feels just so-so. Mainstream treasury companies are worth less than their coin value; this contrast is a bit ironic. As for the correlation between coins and stocks, we can only wait for signals from the US stock market, there's no other way. I am quite hesitant to touch the entire zone of Privacy Coins; the accumulation of risks is a bit frightening.

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ZkProofPudding

· 11-18 02:58

Another big plummet, should I buy the dip... --- ZEC has broken down four times and it's still not working, this is ridiculous --- DappRadar shutting down is really something, even the old brands can't hold on --- Bitmine is left with only 0.83 times? Isn't this on the brink of bankruptcy? --- ASTER and HYPE are still holding up, it seems someone will buy the dip --- Wait, is it going to fall again to 82,500? Can my short order turn around? --- Privacy Coin is really in danger this time, my fren was still catching a falling knife with ZEC yesterday --- Enterprise chains are crushing native chains, Lily is right about that --- Does Monad have to hold this price until Sunday? It's a bit precarious --- Coin-stock linkage is just a pit, diving down together.

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