Weekend Market Action Sees Bitcoin Touch $24K, $1 Billion in Short Positions ...
Bitcoin and the crypto economy continue to see strong gains, as the price of the leading crypto-asset touched an all-time high on Saturday, December 19, 2020. That morning around 11:45 a.m. EST, bitcoin touched a price high at $24,217, but got pushed below the $24k handle shortly after. The entire cryptocurrency economy is up over 10% during the last seven days, as a number of crypto assets have seen some decent price gains. Bitcoin (BTC) jumped above the $24k mark touching a high of $24,217 on Saturday afternoon. At the time of publication, the leading crypto asset, in terms of market....
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New all-time highs in short liquidations — at least when measured in dollars — point to overly bearish market sentiment. Ether (ETH) is setting liquidation records this week as a comparatively modest price uptick reveals how bearish the market has become.Data from on-chain analytics platform CryptoQuant confirmed that United States dollar-denominated short liquidations hit a new all-time high on Oct. 25. Two days, half a billion dollars of ETH shortsIt is not just Bitcoin (BTC) causing the bears severe pain this week — data from exchanges also shows that Ethereum shorters have suffered....
The crypto market has been subject to large liquidation following the price crash. Coming out of the weekend, the market had recorded one of its worst crashes which saw bitcoin fall below the $30,000 territory for the first time this year. With this had come hundreds of millions in short liquidations. However, the bloodbath seems far from over as the market continues to crumble and liquidations have now run over the $1 billion mark. Crypto Traders Getting Rekt After the crash that rocked the market coming out of the weekend, crypto traders had taken a hard hit. However, like always, this....
Bitcoin is red hot again. Price reached $97,500 before dipping slightly lower to $97,000, and the markets are abuzz. Sellers anticipating Bitcoin’s upswing might be in for trouble. Figures reveal over $3 billion worth of short positions potentially being erased should Bitcoin move over the coveted $100,000 threshold. Related Reading: Bitcoin To Infinity? Venture Capitalist Says Crypto’s Value Vs. Dollar Has No Ceiling Massive Short Positions Clustered Below $100K According to Coinglass, there’s a heavy concentration of short positions across major exchanges like Binance, OKX, and....
Here's what's on as we head into the weekend in the bitcoin price, and a live trade. The week has now completed, and it’s time to take one last look at the bitcoin price before things draw to a close. Action, as we have said on a number of occasions this week, has been pretty flat, and we’ve not really had that many opportunities to get into the market on the back of any sustained movements. We did manage to get into a long entry a short while ago, however, and we remain in this position as this second analysis goes out. As such, we won’t be entering any fresh positions until this one....
Bitcoin open interest crashed by billions in one weekend, painting a bearish outlook for the flagship crypto and spells doom for BTC bulls. Despite this setback, crypto analysts have provided some optimism with their analysis, which hints at a bullish reversal soon enough. Bitcoin’s Open Interest Crashes By $4.5 Billion Over The Weekend Coinglass data shows that Bitcoin’s open interest crashed by $4.5 billion over the weekend, dropping from $65 billion to $61.5 billion. This came following the liquidations that occurred due to the BTC price crash. Further data from Coinglass shows that....