Nearly $460.9 million in leveraged crypto positions were liquidated in 24 hours as Bitcoin and Ethereum gains caused a broad short squeeze, forcing many traders betting on price drops to close positions. Bitcoin rose 1.09% to $140,697 and Ethereum climbed 3.61% to $3,171, with short liquidations exceeding longs, signaling strong upward pressure from forced buybacks. Liquidations were concentrated on major exchanges like Binance and OKX, with altcoins also seeing significant forced sales, highlighting volatile market conditions and pockets of excess leverage. Investors should watch if the rally sustains beyond forced liquidations and monitor exchange-specific risks and market breadth for signs of continued momentum or reversal.
Abraxas Capital moved 618 BTC worth about $40 million onto Kraken, likely preparing to sell, while withdrawing 8,153 ETH valued at $15.3 million from Binance and Bybit, signaling a possible shift from Bitcoin to Ethereum. This $55 million transaction...
Bitcoin's price surged above $65,000, reaching a high of $68,560, marking a 29% recovery from its recent low. This rally is driven by $1.2 billion inflows into spot Bitcoin ETFs, reflecting renewed institutional optimism at an average cost basis of $...
Bitcoin has surpassed important resistance levels and formed a bullish reversal pattern, signaling potential gains. The critical level to watch is $65,000; a firm hold above this could lead Bitcoin toward $67,000 and then $70,000. However, if Bitcoin...
Several cryptocurrencies have challenged Bitcoin by focusing on specific features: Monero offers strong transaction privacy, Bitcoin Cash provides cheaper payments, tokenized gold delivers price stability, and stablecoins handle large transaction vol...
Bitcoin's long-term holders, known as whales, have stopped their two-year selling streak, with activity from old wallets dropping by over 50% in 2026. This marks the end of the 'Great Distribution' period, where veteran investors sold large amounts o...
