Bitcoin (BTC) and major altcoins like Solana (SOL) and Ethereum (ETH) experienced a significant decline in futures long positions across both USDT-margined and coin-margined markets, indicating broad trader de-risking. The largest drops were seen in BTC’s USD-margined accounts and SOL’s coin-margined contracts. This sudden reduction in long exposure suggests traders are pulling back leverage, which could increase near-term market volatility and sensitivity to price swings. While some tokens like XRP and Dogecoin showed slight increases in long positions, the overall trend points to cautious positioning ahead.
Two large Hyperliquid wallets linked to Abraxas Capital Management hold a combined $1.58 billion net short position across major cryptocurrencies, including 189,400 ETH and 5,120 BTC. Despite a current paper loss of about $114.5 million, these wallet...
Grayscale's analysis reveals that Bitcoin's impressive 225% return over three years drops to just 95% without its five best days, 27% without the top 10, and turns into an 11% loss when excluding the 15 strongest trading days. This highlights the ris...
Bitcoin surged above $86,000 twice on Tuesday, driven by momentum from the Commodity Futures Trading Commission's proposed crypto regulations and a recent SEC proposal on crypto custody. After a midday sell-off, bitcoin rallied to a peak of $86,450 b...
Zcash and Monero were the top-performing large cryptocurrencies over 24 hours, with Zcash up 3% and Monero 2.14%, while Bitcoin and Ethereum rose only slightly by 0.59% and 0.34% respectively. The crypto market remains largely flat, influenced by the...
Wintermute reports that the cryptocurrency bull cycle is still in its early stages, despite recent pauses in top altcoins like NEAR, XRP, and ARB. Bitcoin remains strong, holding key support levels and showing potential for further gains, though infl...
