As of 3 PM on the 13th, the domestic cryptocurrency market showed a mixed pattern without a clear direction. While some assets saw buying pressure, multiple coins experienced sharp declines, indicating high volatility. In an overall unstable market, investor demand appears to be concentrated on specific assets.
According to Bonanza Lab data, Tether (USDT) topped the net buying rankings on Upbit and Bithumb exchanges. Funds flowing into relatively low-volatility stablecoins suggest market participants are taking a defensive stance. Additionally, XRP and Matic have drawn attention with steady buying momentum.
Among top gainers on Upbit, Helium (HNT) recorded a notable price increase, along with Doge and RACA showing relatively strong rebounds. On Bithumb, ARPA rose with strong buying pressure, which is analyzed as being influenced by short-term thematic demand.
Conversely, on the top decline list, Morph showed the largest drop on Upbit, requiring investor caution. LUNC and WAXP also ranked high on the decline list. On Bithumb, PCI and HIVE also showed significant weakness.
In terms of trading volume on Upbit, BTC, ETH, and XRP were representative of concentrated trading. Large-scale transactions continue based on stability, with SOL and Doge also maintaining active trading volumes. Particularly, short-term demand for SOL was once again confirmed.
Market participants' interest is concentrated on specific assets, with a notable preference for safer assets. The current market shows extreme reactions depending on individual coins, requiring a cautious approach. Instead of chasing recently surged coins, establishing a strategy focused on more stable assets is recommended.
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