Gate News Bot message, December 11th, according to CoinMarketCap market data, as of press time, LUNA (Terra) is currently trading at $0.21, up 39.42% in the past 24 hours, with a high of $0.25 and a low of $0.07. The 24-hour trading volume reached $703 million. The current market cap is approximately $150 million, an increase of $42.6 million from yesterday.
Important recent news about LUNA:
1️⃣ SBF pardon expectations continue to drive risk asset rotation
Market expectations of the potential pardon for FTX founder SBF have triggered a significant rise in historically distressed assets represented by LUNA. As a coin that has experienced major crises, LUNA’s gains have continuously outperformed the overall market, reflecting a phased improvement in investor risk sentiment. Under these expectations, LUNA has climbed from $0.14 on December 9th to the current $0.21, an increase of over 50%, demonstrating the strong market attention risk assets are regaining.
2️⃣ On-chain technical divergence pattern supports rebound momentum
The Short-term Weighted Trend Signal (BWTS) pattern shows divergence from the price trend, which often indicates a gradual clearing of panic selling. Currently, the BWTS divergence pattern has not been broken, indicating that rebound momentum still exists. LUNA quickly rebounded from a low of $0.07 to a high of $0.25, with the 24-hour trading volume soaring from $147 million to $703 million, an increase of nearly 380%, confirming the validity of this rebound and a significant increase in market participation.
3️⃣ Market heat ranking rise boosts attention
LUNA ranked among the top three in the past 24 hours’ hottest list, coming in third, only behind newly launched tokens and other popular projects. This ranking change reflects a clear increase in market attention to LUNA, further boosting trading activity. The high heat ranking and spot price rising in tandem create a positive feedback loop, attracting more capital inflows and further strengthening the upward trend.
From market performance, LUNA has consecutively broken through multiple resistance levels, forming a strong upward momentum. The highest increase within 24 hours reached 39.42%, with trading volume hitting recent highs, indicating a clear warming of bullish sentiment. However, considering its historical volatility and the market’s long-term caution towards project risks, investors should remain cautious, closely monitoring subsequent fundamental developments and macro sentiment changes.
This message does not constitute investment advice; please be aware of market volatility risks.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Michael Saylor: Bitcoin may have already hit bottom, but quantum risks have been exaggerated
Strategy Executive Chairman Michael Saylor believes Bitcoin hit its bottom around $60,000 this February, because all forced sellers in the market have already exited. He said that the catalyst for the next bull market will be a bitcoin-based banking credit system, while he believes the threat from quantum computing is being exaggerated, and he pointed out that the technical community has enough time to deal with this threat.
MarketWhisper2h ago
Glassnode: Is the Bitcoin rebound just a dead cat bounce? Where is the key pressure level?
Glassnode reports that although the Bitcoin price rebounded to $72k due to a U.S.-Iran ceasefire, the market structure is still in a bear market. In the short term, the downside may be limited, but the $78k level faces pressure overhead. ETF capital inflows have ticked up slightly, but they have not yet fully returned; trading activity in derivatives remains sluggish, indicating insufficient market confidence. Going forward, we need to monitor changes in the futures trading and options markets.
ChainNewsAbmedia2h ago
Why is Bitcoin down today? The Iran–Israel ceasefire is on the verge of collapse, and the Strait of Hormuz shuts down again
Bitcoin has recently been trading below $72,000 and faces risks from the failure of the U.S.-Iran ceasefire talks and the Strait of Hormuz closing again, which has weighed on market sentiment. At the same time, Federal Reserve meeting minutes show that the likelihood of further rate hikes is rising, further affecting the valuation of risk assets. Bitcoin’s key resistance level is $75,000 and its support level is $68,000; the market is currently waiting for a clear direction confirmation signal.
MarketWhisper3h ago
The Crypto Fear and Greed Index drops to 14, and the market remains in extreme fear
Gate News message, April 9, according to Alternative data, today’s Crypto Fear and Greed Index is 14 (yesterday was 17), and the market remains in extreme fear. The index ranges from 0-100 and provides a composite assessment of six indicators: volatility (25%), market trading volume (25%), social media buzz (15%), market surveys (15%), Bitcoin’s share of the entire market (10%), and Google trending topic analysis (10%).
GateNews3h ago
Optimism over the Iran-U.S. ceasefire helped drive a broad rebound in U.S. stocks, and Bitcoin rose to a three-week high.
The United States and Iran reached a two-week ceasefire agreement, and global financial markets turned optimistic, with the S&P 500 rising 2.51%. U.S. crude oil prices fell to below $95 per barrel, easing concerns about an energy crisis. Bitcoin at one point rose 5% to $72,841, hitting a three-week high. Expectations that the Federal Reserve will cut interest rates have also increased.
ChainNewsAbmedia4h ago
Bitcoin ETF attracts $470 million, setting a 6-week high! Analyst: “A breakout rally is brewing.”
U.S. spot Bitcoin ETF inflows hit a new six-week high on Monday, signaling a rebound in institutional investor confidence. Total net inflows of $471.3 million came mainly from institutions such as BlackRock and Fidelity. Even though market sentiment is gradually improving, broader macroeconomic and geopolitical risks could still affect Bitcoin’s upward momentum. Analysts said that sustained structural buying can support Bitcoin, but future price action will still need to be monitored for changes in external factors.
区块客4h ago
