Bitcoin is approaching $65,600, a critical price that could force the liquidation of about $1 billion in short positions. This level represents where traders' margin collateral becomes insufficient, prompting exchanges to automatically close short trades. Recent data shows growing liquidation pressure, with $29 million in shorts liquidated during a recent price rally. Investors should watch volume and open interest near $65,600, as a breakout could trigger a rapid unwinding of shorts and push prices higher, while failure to break this level might risk a downward move and long position liquidations.
A trading analysis using the Coin Value Days Destroyed (CVDD) indicator suggests Bitcoin could establish a major cycle bottom near $50,000 within the next two months. The CVDD, a reliable metric for identifying long-term market lows, currently trends...
Cryptocurrency prices exhibit varied changes, with Bitcoin rising 1.09% to $64,441 and Ethereum up 0.52% at $1,878.73. Several altcoins like BNB, ZEC, and UNI show notable gains, while others such as XRP and XMR experience declines. These fluctuation...
Bitcoin is defying its typical August losses by rising over 2% this month, supported by strong institutional demand. Bitcoin ETFs have attracted over $381 million in net inflows so far in August, with no days of outflows, signaling steady investor co...
The $120 million hack of the Coldcard hardware wallet, ongoing since July 30, has triggered a surge in Bitcoin network activity, with mempool transactions reaching the highest level since February 2025. This spike reflects increased coin movements am...
Bitcoin price rebounded above $64,000 on August 5, with analyst Aksel Kibar predicting a possible rally above $67,000 soon. He identified a potential inverse head-and-shoulders pattern suggesting a bullish reversal, with resistance around $67,200. De...
