Bitcoin batters longs as liquidations copy May 2021 run to $30,000
Longs have been paying the price since early December, data shows, in a sign that accompanied a market reversal several times last year. Bitcoin (BTC) has dealt significant pain to bulls in recent weeks, and now, fresh data shows just how much.In a tweet on Jan. 10, on-chain analytics firm Glassnode revealed that those longing BTC had suffered a rerun of last May, when BTC/USD began to fall toward $30,000.Long traders fail to “catch the knife”According to Glassnode’s Longs Liquidations Dominance metric, the “majority” of liquidations over the new year involved longs.This is unsurprising,....
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This year crypto derivatives traders faced some tough times, but the current situation seems much more favorable to Bitcoin bulls. Bitcoin (BTC) might be struggling to break the $36,000 resistance for the past three weeks, but bulls now have one less thing to worry about: cascading futures contracts liquidations.One might be under the impression that a $1 billion liquidation is usual for Bitcoin. Still, traders tend to remember the most recent exaggerated movements more than any other price shifts, especially when the price crashes and people lose money.This negativity bias means that even....
Data shows lost and held Bitcoin hitting a one-year high, while miners opened the year by accumulating “massive” amounts of BTC. New data shows that Bitcoin (BTC) miners are hoarding more coins than at any time in the past five months, which could be a fresh signal that the current prices are not for selling.Analyzing its miner net position change indicator on Jan. 11, on-chain analytics firm Glassnode revealed what popular Twitter account Bitcoin Archive described as "massive" accumulation by miners.Miners show no desire to sellBitcoin price may be disappointing spot traders this year,....
Data shows the crypto derivatives market has suffered another large blow in the past day as the retrace in Bitcoin and others has squeezed longs. Crypto Sector Has Just Seen $700 Million In Liquidations On Friday, Bitcoin and other digital assets were shook by a sharp crash, resulting in a record amount of liquidations in […]
Data shows the cryptocurrency derivatives market has witnessed a mass liquidation event as Bitcoin and other digital assets have plunged. Crypto Liquidations Have Exceeded $680 Million In Last 24 Hours According to data from CoinGlass, a large amount of liquidations have occurred on the derivatives platforms during the past day. “Liquidation” here refers to the […]
The latest Bitcoin correction triggered a record $500 million worth of liquidations in 60 minutes on major exchanges. The Bitcoin markets emphatically rejected the $60,000 price range on March 15, with excessive leverage driving a record $500 million worth of long liquidations over just 60 minutes.Glassnode’s founders, Jan & Yann, emphasized the new record hourly Bitcoin for liquidations, noting that more than half open futures contracts prior to the margin calls were leveraged by at least 20 times.In the last hour alone, nearly $500M in #Bitcoin Longs got liquidated, this is a historic....