Category: Cryptocurrency news

Bitcoin Faces $77K Test as Whales Accumulate 16,010 BTC

Bitcoin is facing renewed technical pressure near $82,500 as weakening three-day momentum indicators coincide with increased buying from large holders. Crypto analyst Kevin warned that Bitcoin could experience a pullback toward year-end, while Ali Charts reported that whales accumulated 16,010 $BTC over five days as the price declined from $87,000 toward $80,000. The mixed signals […]

Bitcoin Continues to Search for a New Direction: Bitfinex Analysts Say No Need to Panic, Explain Critical Levels for Both Rises and Falls!

Leading cryptocurrency Bitcoin fell as low as $81,000 overnight amid weakness in South Korean and US technology stocks, but quickly recovered and surpassed $84,000. This situation with $BTC, where hundreds of millions of dollars worth of leveraged positions were liquidated, prompted renowned investor Tom Lee to warn that the decline in the South Korean stock […]

Tokenized SanDisk bets saw more liquidations than XRP as Asia’s chip rout wipes out $800 million

Traders betting on SanDisk lost more to forced liquidations over the past 24 hours than traders betting on $XRP — a sign of how much leverage on crypto exchanges now sits on chip stocks. About $803 million in leveraged positions were liquidated across 10 exchanges, according to CoinGlass. A liquidation happens when an exchange forcibly […]

Bitcoin Short Exposure Grows as Traders Anticipate Market

Bitcoin’s short exposure is taking center stage as traders adapt to shifting market dynamics. The crypto community is closely monitoring current trends, especially after insights from CryptoTwitter commentator @TheFlowHorse, who emphasizes a potential risk of delayed responses to market weaknesses. As traders navigate these uncertainties, the implications for the Bitcoin market could be significant in […]

Michael Saylor Declares Bitcoin Bears Are Under Control

Bitcoin remains a focal point in the crypto world, influencing both market dynamics and technological innovations. Recently, Michael Saylor tweeted, stating, ‘The ₿ears are under control,’ which has sparked conversations about market sentiment and trader confidence. This assertion may have implications for how traders approach their positions in Bitcoin moving forward. For more details, see […]