Analysis of the 85 Crash Data: Which Coins Rebounded the Most? Which Sectors are the Weakest?

Author: Nan Zhi, Odaily Planet Daily

Yesterday, the crypto market fell into a panic spiral along with the global market, with BTC dropping from over $60,000 to a low of $49,000, and ETH falling from over $3,000 to around $2,100. As the market widely predicted a circuit breaker for U.S. stocks at the opening, a significant rebound occurred from the bottom, and the crypto market quickly bounced back.

Dividing the market into the plummeting period from the evening of August 4 to yesterday afternoon, and the rebound period from the opening of U.S. stocks to this morning, which tokens fell the most and which rebounded the fastest? In this article, Odaily analyzes the data of 249 tokens in the Binance spot trading section (excluding stablecoins, gold-backed stablecoin PAXG, ASI) regarding the two aspects mentioned above, and concludes as follows:

Plummeting Period

Taking 21:00 on August 4 as the benchmark, with its opening price as the starting point for the decline, and the period when Bitcoin fell to $49,000 at 15:00 on August 5 as the statistical endpoint, using the lowest price during the period as the endpoint for the decline, the data is shown in the table below.

It can be seen that the concepts with the most significant declines include LST, AI, and Meme, specifically:

• LST: PENDLE, SSV, LDO
• AI: TAO, NFP, RENDER, (not fully aligned with this concept of AI)
• Meme: WIF, PEPE, (not fully aligned with this concept of SATS)

In the resilient sectors, previous articles only listed the top ten, resulting in Sun Yuchen's series of tokens appearing each time. This time, it has been expanded to 20, but the listed tokens are mostly small-cap tokens, which have limited reference value.

The Horn of Counterattack Sounds

Taking 21:00 on August 5 as the benchmark, with its opening price as the starting point for the increase, and 9:00 on August 6 as the statistical endpoint, using the highest price during the period as the endpoint for the increase, the data is shown in the table below.

In this rebound list, whether the rebound is the most or the least, there are no obvious conceptual sectors. However, several tokens that appeared on the decline list also emerged, indicating that these tokens have strong elasticity. If there is another round of decline worth paying attention to, these tokens are:

• SATS (Bitcoin concept, some Meme attributes)
• TAO (AI)
• GNO (DeFi)
• RIF (Bitcoin concept)
• RENDER (AI)
• PEPE (Meme)
• PENDLE (LST, LRT concept)