---
title: "Bitcoin, Ethereum, Dogecoin Heat Up In Pre-Thanksgiving Rally: 'Buy The Fear, Sell The Greed, Rinse And Repeat,' Says Trader"
type: "News"
locale: "zh-HK"
url: "https://longbridge.com/zh-HK/news/220863393.md"
description: "Cryptocurrency markets are experiencing a pre-Thanksgiving rally, with Bitcoin rising above $30,000, up 5.3%. Ethereum and Dogecoin also see significant gains of 8.8% and 6.6%, respectively. Despite a decrease in large transaction volume and active addresses, netflows to exchanges have increased by 43.1%. Notable developments include Ripple's investment in a rebranded XRP exchange-traded product and discussions on crypto regulation shifts. Traders are advised to 'buy the fear, sell the greed' as demand for Bitcoin grows post-correction."
datetime: "2024-11-27T20:55:48.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/220863393.md)
  - [en](https://longbridge.com/en/news/220863393.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/220863393.md)
---

> 支持的語言: [简体中文](https://longbridge.com/zh-CN/news/220863393.md) | [English](https://longbridge.com/en/news/220863393.md)


# Bitcoin, Ethereum, Dogecoin Heat Up In Pre-Thanksgiving Rally: 'Buy The Fear, Sell The Greed, Rinse And Repeat,' Says Trader

Cryptocurrency markets are trading higher on Wednesday, with Bitcoin surging back above the $96,000 mark.

**Cryptocurrency**

**Price**

**Gains +/-**

Bitcoin BTC/USD

$96,719.50

+5.3%

Ethereum ETH/USD

$3,599.43

+8.8%

Solana SOL/USD

$239.41

+4.5%

Dogecoin DOGE/USD

$0.4042

+6.6%

Shiba Inu SHIB/USD

$0.00002545

+5.7%

**Notable Statistics:**

-   IntoTheBlock data shows large transaction volume decreasing by 7.4% and daily active addresses falling by 15%. Transactions greater than $100,000 are down from 13,037 to 12,877 in a single day. Exchanges netflows are up by 43.1%.
-   Coinglass data reports 88,921 traders were liquidated in the past 24 hours for $243.79 million. Crypto long liquidations at $66.6 million are at the lowest since Nov. 5.

**Notable Developments:**

-   Ripple To Invest In Rebranded XRP Exchange-Traded Product By Bitwise
-   ‘Crypto Dad’ Chris Giancarlo Advocates For Passing Crypto Regulation From The SEC To Another Commission — Here’s Why
-   Long-Term Bitcoin Holders Locking In $2.02 Billion In Daily Realized Profits, Setting A New Record
-   Donald Trump Eyes Former SEC Comissioner Paul Atkins As Gary Gensler’s Successor
-   MicroStrategy-Linked ETFs Skyrocket 400% This Year: Is This ‘The Michael Saylor Effect’?
-   Trump Administration To Reportedly Let CFTC Regulate Bitcoin, Ethereum Spot Market, Is The SEC Set To Lose Its Grip Over Crypto?

**Top Gainers:**

**Cryptocurrency**

**Price**

**Gains +/-**

**Uniswap** UNI/USD

$13.24

+24.2%

**Ethena** ENA/USD

$0.7053

+18.9%

**Aave** AAVE/USD

$201.37

+17.2%

**Trader Notes:** With Bitcoin prices picking up steam, CryptoQuant’s Head of Research sees a demand expansion driving Bitcoin higher.

> Bitcoin demand growth is accelerating again after the recent price correction.
> 
> Demand expansion is what will get Bitcoin higher. pic.twitter.com/JKKzzgDxiZ
> 
> — Julio Moreno (@jjcmoreno) November 27, 2024

More Crypto Online sees the price of Bitcoin having reached the first target of a bullish pattern at $96,046.

Crypto trader Astronomer Zero sees a familiar pattern playing out, saying, "Buy the fear, sell the greed, rinse and repeat."

> $BTC
> 
> Everyone wanted lower, so we longed for higher 💸
> 
> And there it is, the price push straight into our asks.
> 
> As promised, we set bids, called for a local range to form, and then for a push up. And it's all happening.
> 
> Buy the fear, sell the greed, rinse and repeat. ♻️
> 
> All… https://t.co/MdOhn2x145 pic.twitter.com/dsUAce2Fmw
> 
> — Astronomer (@astronomer\_zero) November 27, 2024

**Read Next:**

-   **Bitcoin’s 2020 ‘Thanksgiving Massacre’ To Repeat Or Is The Holiday A ‘Turning Point For New Highs’?**

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