Worldcoin

Jito

Pyth Network

Coin

<ul class="news-points"> 
 <li>Crypto analyst VIKTOR identifies a notable pattern in the bearish altcoin market.&nbsp;</li> 
 <li>He pointed to sharper declines in tokens like BIGTIME, WLD, and JTO during a recent liquidation.</li> 
 <li>Trends of a stronger presence in perpetual contracts and short-term profit-seeking motives were also observed.</li> 
</ul> 
Amid the bearish trend rocking the altcoin market since the start of the new year, a crypto analyst has spotted a noteworthy pattern in the downward trajectory of some tokens that fit into a specific category. 
In a recent tweet, crypto analyst VIKTOR called attention to an observation from the January 3 market turbulence, wildly dubbed “liquidation day.” VIKTOR highlighted that while most altcoins experienced a substantial downturn of approximately 30%, he pointed out a distinctive trend among specific tokens that saw even more significant drops. 
Specifically, he noted that sensational coins such as <a href="https://coinedition.com/big-time-bigtime-price-prediction/">BIGTIME</a>, Pyth Network (PYTH), MEME, TOKEN, Worldcoin (WLD), and Jito (JTO) exhibited giant red candles with over 40% decline. 
According to VIKTOR’s <a href="https://twitter.com/thedefivillain/status/1744062320177766882?s=20" target="_blank" rel="nofollow">analysis</a>, what sets these tokens apart is their shared characteristic of being relatively new market entrants, coupled wi…
The post <a href="https://coinedition.com/short-term-profit-seekers-flee-overvalued-hype-coins-sparking-sell-off/">Short-Term Profit Seekers Flee Overvalued Hype Coins, Sparking Sell-Off</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

Short-Term Profit Seekers Flee Overvalued Hype Coins, Sparking Sell-Off

Coin Edition

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