According to Cointelegraph, based on a report from CCData on November 27, as of November 25, the trading volume of stablecoins surged by 77.5% this month, reaching $1.81 trillion. This increase positions centralized exchanges to potentially set a new annual high for monthly trading volume. The total market capitalization of stablecoins has continued its upward trend for 14 months, growing by 9.94% in November to reach $190 billion, surpassing the historical high of $188 billion before the collapse of Terra's TerraUSD algorithmic stablecoin in April 2022.
Despite this growth, the market share of stablecoins has decreased from 7.22% in October to 5.54%, as investors and traders have diversified their investments into Bitcoin and altcoins. USDT continues to show strong performance, with its market capitalization increasing by 10.5% to $133 billion. USDT accounts for 69.9% of the overall market, followed by Circle's USDC, which saw a 12.1% increase in market capitalization in November, reaching $38.9 billion, the highest level since February 2023. Ethena Labs' USDe also showed growth momentum, with its market capitalization rising by 42.2% to $3.86 billion.
Chu Yuechen: Bitcoin and ETH Market Analysis and Trading Reference for November 28
Last night, we provided a real-time buy order at the current price of 93,000, and the targets of 95,000 and 96,500 were all achieved. Congratulations to those who were able to follow along.
Additionally, we discussed that our bullish outlook on the overall trend remains unchanged. The current pullback is merely a correction, with Bitcoin reaching a high of around 97,200 last night. Subsequently, today has seen a continuous pullback, with the current price around 95,000. ETH has performed exceptionally well in the past two days, reaching a high of 3,685 this morning, and is currently experiencing a slight pullback, fluctuating around 3,600.
My strategy is clear: I am bullish on the pullback. This applies to both Bitcoin and ETH.
For evening operations, we can enter a long position at the current level of 94,800—95,000, targeting 97,000, with a stop loss at 93,500.
For ETH, the same operation applies: enter a long position at 3,600, with a stop loss at 3,550, targeting 3,700.
Regarding spot trading, I have previously mentioned that Bitcoin's current price is very high. Investing in spot requires a significant amount of capital, and even if the price rises to 100,000 or even 150,000 in the future, the returns may not be substantial. Therefore, those trading in spot can consider ETH or other mainstream and some quality altcoins.
I mention this just to discuss the issue of return on investment.
Specific Operation Suggestions (Based on Actual Market Price Orders)
For evening operations, we can enter a long position at the current level of 94,800—95,000, targeting 97,000, with a stop loss at 93,500.
For ETH, the same operation applies: enter a long position at 3,600, with a stop loss at 3,550, targeting 3,700.
Market conditions change in real-time, and there may be delays in article publication. The strategy points are for reference only and should not be used as the basis for entry. Investment carries risks, and profits and losses are borne by the investor. Daily real-time market analysis, along with experience exchange groups and practical discussion groups, are available for real-time guidance. Evening live broadcasts will explain real-time market conditions.
For more real-time market analysis, please follow the public account: Chu Yuechen
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