The current total market value of cryptocurrencies is 3.34 trillion US dollars, with a 24-hour evaporation of 122.8 billion US dollars, a decline of 3.54%. Among them, Bitcoin accounts for 56.46% of the market value, while Ethereum accounts for 12.12% of the market value.
BlockBeats news, on December 27, CryptoQuant CEO Ki Young Ju sent a message on social media saying, "The Korean won exchange rate against the US dollar fell to the lowest point in 15 years. Koreans converted the Korean won into BTC and USDT at a 3-5% premium on Upbit."
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The OKX UXLINK/USDT perpetual funding rate is currently -1.20%, and bears need to pay funding fees to bulls, indicating a high bearish sentiment in the market. AICoin [PC - Home - Popular Rankings] has launched the "Fund Rate" ranking, which provides a list of rate arbitrage opportunities. Capital fees are an important mechanism for anchoring spot prices in perpetual contracts, used to balance long and short sentiment. When the funding rate is greater than 0, long positions pay funding fees to short positions; When the funding rate is less than 0, short sellers pay funding fees to long sellers.
South Koreans are paying a full 3% more to buy bitcoin (BTC) than their U.S. counterparts as they seek protection from the plummeting won, CryptoQuant data show.Priced in won, the largest cryptocurrency is valued at 145,000,000 ($98,600) on the country's largest crypto exchange, Upbit. That compares with about $96,700 on Coinbase (COIN). The move follows a vote by the South Korean parliament to impeach Han Duck-soo, the prime minister and acting president, just weeks after impeaching President Yoon Suk Yeol. The won slumped a 15-year low against the dollar."This unfolding saga is fundamentally about election fraud and the erosion of trust in South Korea’s National Election Commission (NEC)," said Jeff Park, head of alpha strategies at investment manager Bitwise, in a post on X. "The use of impeachment as a political tool, combined with allegations of foreign election interference, underscores the fragility of democracy in the face of disinformation. This is not just a Korean story; it’s a warning for democracies worldwide."
Click on the link to enter the live stream: https://meeting.tencent.com/p/5658778060 Course 1: Bitcoin/Ethereum Evening Market Analysis and Trading Opportunities Lesson 2: Fibonacci retracement tool applicable to today's market Course 3: Exchange of Student Positions and Trading Issues BTC/ETH Trend Analysis and Opinion: Ethereum's market volatility performance on Thursday reached a high of 3514 and a low of 3302, closing at 3333, with an overall decline of 4.65% and a drop of $162; The combination of a bearish candlestick chart with one bearish candlestick and three candlesticks on Wednesday and Tuesday forms the standard Twilight Star chart; This form is a bearish signal at the daily level; The market volatility this week has remained largely consistent with our expectations since Monday; In terms of indicators, the three moving averages have adjusted downward with price fluctuations and entered a dead cross of the moving averages; But the Vegas Tunnel supports around 3100; Continue to form a trend with resistance above and support below; The oscillation may continue; If there is a good market trend in the future, the pattern needs to be broken; Alternatively, only by effectively breaking through the resistance of 3550-3600 bulls will there be a chance to initiate another upward test of 3900-4100; If you choose to decline below the important support of 3100, the daily trend may show ABCD knowledge points for sharing in the evening live broadcast room; The short-term trend expectation remains unchanged, and market volatility prices will continue to fluctuate and consolidate within the range below 3600 and above 3100; The details of the operation plan are as follows The key is to plan this week's trading strategy using a combination of a daily chart and a 4-hour trend chart Strong support in the sky chart range of 3000-3100; 3500-3600 strong resistance is a temporarily clear fluctuation range; So it can be preliminarily expected that the market will enter this range of oscillation and adjustment; Partners with bearish thinking can search for 1-4 hour level short signals near resistance to enter the market; Defensive setting and targets above 3600 are seen at 3300-3200; Partners seeking long opportunities need to be tested for effectiveness within the range of 3100 to 3200 and provide long buy signals to enter the long market; Defense needs to be set below 3000, with targets visible from 3500-3600 Daily operational strategy; Today's bearish trend can be observed as an opportunity for bearish entry after the rebound is blocked below 3580-3600; Short term trading opportunities within the day? Looking for specific locations? We will also share in the live broadcast room how to find opportunities for both long and short positions to enter; Welcome to the Tencent Meeting live broadcast room to discuss and exchange with teachers for more details on currency operations and trading issues! Recommended Idea [Shake] Focus on Support Resistance Today ETH resistance/3550-3600/support 3200-3100 For more details, welcome to the live broadcast room for discussion, learning, and exchange! Daily five live broadcasts start from 14:00-21:30 without interruption Tencent Meeting ID: 565-877-8060 QQ group number: 835657547 AIcoin group number: https://aicoin.com/link/chat?cid=2ARLLeaoM Disclaimer: The above content only represents the author's personal views and is for communication and sharing purposes only. It does not represent the position or viewpoint of AICoin and does not constitute any investment advice or external contacts. It is not related to AICoin and the consequences are borne by AICoin