Bitcoin Bulls Eye $75,300: Expert Predicts Liquidation Wave As Shorts Struggle
Bitcoin (BTC) has continued to climb in the wake of the ceasefire between Iran and the US, and it has now reclaimed the $73,000 level as geopolitical tensions cool and oil prices drop. The move has kept momentum building after the initial surge following the truce, with some analysts arguing that the market is approaching […]
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The shorts were liquidated after Elon Musk added "Bitcoin" to his Twitter bio and prices rose by over 15%.
The crypto market is on high alert as the possibility of further upward momentum in the Bitcoin price threatens to trigger a massive wave of liquidations. New data suggests that $9.41 billion worth of short positions could be wiped out if Bitcoin reaches the $90,000 price high. Short Sellers Face Potential Wipe Out At $90,000 […]
The entire market capitalization of all 10,800 cryptocurrencies in existence is down 2.8% on Monday as bitcoin has lost over 2.4% during the last 24 hours. Meanwhile, bitcoin shorts are rising again after bitcoin shorts tapped a two-year high on the derivatives exchange Bitfinex on June 25. Bitcoin Shorts Climb Higher Bitcoin (BTC) and digital markets, in general, have seen better days as BTC tapped an all-time high above the $64K handle three months ago but is still down 48.66% since then. Roughly 17 days ago, on Bitfinex, the number of BTC/USD short positions skyrocketed to levels not....
Following a recent pullback, Ethereum, the leading altcoin, appears to have entered a bearish state, with the asset constantly dropping towards the $4,000 price mark. As the broader crypto market faced a significant downswing on Monday, ETH’s sudden decline has led to the liquidation of several long positions. Ethereum Leads In Massive Crypto Liquidation The […]
The largest single Bitcoin liquidation order was valued at an impressive $9.98 million and occurred on the BTCUSDT trading pair when this article was written. In the past 24 hours, a total of 94,168 traders faced liquidation across the entire crypto market. Data from CoinGlass shows that Bitcoin (BTC) shorts experienced liquidations totaling $177.15 million, […]