As of 3 PM on the 20th, the domestic cryptocurrency market is showing a mixed trend with clear buying concentration and volatility across individual issues. There was a notable preference for cash assets in the top trading volume and net buying categories, with significant divergence in price movements between rapidly rising and falling issues.
Investors' buying sentiment focused on Tether (USDT), forming a noticeable trend. On both Upbit and Bithumb exchanges, Tether topped the net buying amount, followed by Cardano (ADA), Bitcoin (BTC), and Doge (DOGE). This is interpreted as a movement showing preference for more stable assets amid overall market uncertainty.
Among the top risers, Avalanche (AVL) listed on Coinone was particularly prominent. AVL also showed strength on the Bithumb exchange, attracting attention on both platforms. Especially on Bithumb, AVL recorded a double-digit percentage increase, concentrating market interest. According to Bonanza Lab data, in addition to AVL, Alpha (ALPHA) and NFP also showed price increases, following a subsequent strong trend.
Meanwhile, among the top decliners, Volt (VOLT), Convex (CVX), and WAXL showed fluctuations on Coinone. Particularly, both CVX and WAXL recorded double-digit percentage drops, and Flare (FLR) also could not escape a weak trend on Kobit. These variations are analyzed as the result of profit-taking from short-term rapid increases or lack of market liquidity.
Upbit saw the most active trading, with Ergo (Aergo), Walabi Chain (WCT), ARK, GMT, and Orca topping the trading volume. Especially Ergo and Walabi Chain showed strong supply concentration even on a single issue basis.
Overall, the domestic cryptocurrency market is seeing buying sentiment concentrated on stablecoins, with some issues experiencing rises or falls beyond expectations. In such a market, it is more important to approach issues with clear momentum carefully and adopt a stable strategy that can defend against risks rather than chasing purchases.
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