{"id":15631,"date":"2025-08-25T13:38:19","date_gmt":"2025-08-25T12:38:19","guid":{"rendered":"https:\/\/investx.fr\/en\/?p=15631"},"modified":"2025-08-25T13:38:20","modified_gmt":"2025-08-25T12:38:20","slug":"spx6900-drops-to-1-25-pct-rebound-deeper-correction-coming","status":"publish","type":"post","link":"https:\/\/investx.fr\/en\/crypto-news\/spx6900-drops-to-1-25-pct-rebound-deeper-correction-coming\/","title":{"rendered":"SPX6900 Drops to 1.25: Is it a Rebound or Deeper Correction Coming?"},"content":{"rendered":"\n

SPX6900’s Meteoric Rise: Is the SPX6900 Rebound Merely Temporary?<\/h2>\n\n\n\n

Despite the extreme volatility characteristic of cryptocurrencies, SPX6900 recently recorded a spectacular surge of more than 20% following Powell’s announcements<\/strong>. However, this rally appears short-lived, with contradictory signals emerging from retail investors and market whales.<\/p>\n\n\n\n

Indeed, SPX6900 reached a local peak of $1,510<\/strong>, representing nearly a 20% increase. However, this euphoria was brief, with the price quickly falling back to $1.25 at the time of writing, following Bitcoin<\/a>‘s crash. During this period, the memecoin’s trading volume jumped by 124.9%<\/strong> to reach $83 million<\/strong>, with market capitalization climbing to $1.4 billion<\/strong>.<\/p>\n\n\n\n

Retail Buyers and Whale Sellers<\/h2>\n\n\n\n

When SPX6900’s price dropped below $1.2, retail investors seized the buying opportunity<\/strong>. This increased demand pushed prices upward. Simultaneously, whales began taking profits, selling 1.16 million SPX tokens<\/strong>, compared to only 397.7k tokens acquired<\/strong>.<\/p>\n\n\n

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Source: Nansen<\/strong><\/figcaption><\/figure>\n<\/div>\n\n\n

Despite rising prices, the majority of market participants bet against SPX6900<\/strong> in derivatives. Derivatives volume surged 166.6%<\/strong> to reach $291 million<\/strong>, while open interest climbed 12%<\/strong> to $128 million<\/strong>. Additionally, the long\/short ratio fell to 0.843<\/strong>, with a higher proportion of short positions<\/strong>.<\/p>\n\n\n

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\"long\/short
Source: Coinglass<\/strong><\/figcaption><\/figure>\n<\/div>\n\n\n

A Short-Lived Rebound for SPX6900?<\/h2>\n\n\n\n

Although SPX6900 rebounded thanks to retail investor intervention, whales have begun to withdraw. Moreover, technical indicators, such as the RSI and MACD, show weakening bullish momentum<\/strong>.<\/p>\n\n\n\n

\"SPX6900<\/figure>\n\n\n\n

If this trend continues, with whales continuing to disengage, SPX6900 could fall to its next Fibonacci support at approximately $1.14<\/strong>. However, a shift in market sentiment could enable SPX to reclaim $1.5<\/strong> and target resistance at $1.7 to $1.8<\/strong>.<\/p>\n\n\n\n

How to Buy SPX on Bybit?<\/h2>\n\n\n\n

To capitalize on a potential 20-60% rebound<\/strong>, here’s how to purchase this Ethereum memecoin on Bybit:<\/p>\n\n\n\n

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  1. Create a Bybit account<\/strong>: Sign up on the Bybit website<\/a> using an email address or phone number. Complete level 1 KYC verification (mandatory) with ID and a selfie, a process taking 24-48 hours.<\/li>\n\n\n\n
  2. Fund your account<\/strong>: Navigate to “Assets” > “Deposit” and transfer USDT via SEPA transfer (free, 1-2 days) or credit card (3.5% fee). You can also deposit BTC or ETH from your wallet.<\/li>\n\n\n\n
  3. Access the trading pair<\/strong>: In “Trade” > “Spot Trading”, search for SPX\/USDT (current price ~$3.10 as of August 25, 2025). Bybit offers derivative contracts with leverage up to 10x.<\/li>\n\n\n\n
  4. Place a buy order:<\/strong>\n