Blockchain Investing Strategies: Cryptocurrency Trading Guide podcast.
Hey everyone, it’s Crypto Willy, back with your go-to scoop on blockchain investment and the wild, wild world of crypto trading! Buckle up, because the past week has been a rollercoaster, and there’s plenty of tactical insight—and a few names you really ought to know if you want to trade like a pro.
First off, let’s talk market mood. October closed out with a “red” month for crypto—the first time we’ve seen a true market-wide dip in years. Binance Research pegged the drop in total crypto market cap at 6.1% last month, thanks to a massive deleveraging event on October 10 that wiped out over $19 billion in positions. By early November, that fear was still in the air. Bitcoin itself tumbled, sliding below $97,000, with Fortune quoting Wintermute strategist Jasper De Maere on how hawkish signals from the Fed (yep, Jerome Powell’s at it again) slammed the brakes on risk taking.
In this environment, safety and defensive positioning dominated. The legendary “Fear & Greed Index” plummeted to “extreme fear” territory. CoinGlass data showed nearly $900 million in long positions liquidated over a single day—and more than 249,000 traders took losses, so if you’re feeling bruised, you’re in good company!
But it’s not all doom and gloom. The smart play? Watching for shifts as macro factors—think, the US Fed maybe ending quantitative tightening, and that big new trade deal between the US and China—start to bring optimism back. The name of the game right now is *capital preservation* and *selective accumulation.* Bitcoin came out as a relative safe haven, boosting its dominance to nearly 60%. Ethereum stayed resilient, with institutions grabbing 5% of the total ETH supply, chasing yield even as retail traders fretted.
Let’s zoom in on trading strategies you’ll want to keep close. With cascading liquidations causing chaos, leverage is a major risk. AInvest reports a full-on “leverage liquidation crisis” in early November, with $3.2 billion in liquidations highlighting the dangers of overexposure. The takeaway? Tighten up your risk management. Use stop losses and keep leverage conservative—no more cowboy trading out there.
Meanwhile, if you’re sticking to altcoins, pay attention to the stories that are moving. Bankless detailed how Uniswap’s UNI token bucked the trend, doubling in price as founder Hayden Adams dropped a governance bombshell—a fee switch proposal and a new DEX aggregator concept sent UNI on a rare six-day rally. If you’re an altcoin trader, find tokens with real narrative catalysts and strong fundamentals—like BNB, which rallied 6.2% on the back of ecosystem innovation, including Polymarket and Myriad launching on BNB Chain.
Don’t forget, the impact of new exchange listings is fading fast. BeInCrypto points out that even after Coinbase listed PLASMA and Toncoin, their price pops were short-lived, reinforcing just how cautious capital is these days.
Lastly, DeFi and NFTs are chugging along, but right now, the hot money is flowing into stablecoins—Tether’s USDT is eating the competition alive, riding a 3.5% jump in market cap as users seek shelter from the storm. In NFTs, Base chain is surging, and Ethereum collectibles are staging a comeback, outpacing fading old-school collections.
That’s the download for this week, friends. Remember: in a choppy market, smart positioning, disciplined leverage, and a sharp eye for news-driven movers are your best weapons. Thanks for tuning in to Crypto Willy! Swing back next week for another ride through crypto mayhem. This has been a Quiet Please production, so for more or to connect with me, check out Quiet Please Dot A I.
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