A sharp sell-off in the cryptocurrency market caused over $700 million in liquidations, with Bitcoin falling below $62,000 and wiping out recent gains. Long positions accounted for 80% of the losses, hitting Bitcoin and Ethereum hardest with combined liquidations of $369 million. Analysts warn that Bitcoin is forming bearish patterns and could drop to $50,000, cautioning traders against mistaking short-term rallies for trend reversals. The market remains vulnerable as institutional selling pressures persist and Bitcoin struggles to close above key resistance levels.
A high-frequency trader named 0x50b3 has opened a large 20x leveraged long position on 1,653.8 BTC, worth about $105.77 million, drawing market attention due to the trader's recent 93% win rate and $6 million in gains. Bitcoin is currently trading ne...
Bitcoin price fell to an intraday low of $62,560 following easing tensions between the U.S. and Iran, which triggered profit-taking across risk assets including crypto. Spot Bitcoin ETFs saw another $68 million in outflows, reflecting weak institutio...
Bitcoin's 50-week moving average is about to cross below its 100-week average, a bearish signal known as a "bear cross." Historically, this signal has marked the bottom of bear markets and preceded multi-year rallies. Despite the apparent bearishness...
Bitcoin fell to around $62,840, down 1.1% in 24 hours and 3.5% over the week, dragged down by a global selloff in technology stocks and semiconductor shares. Major altcoins like Ether, XRP, Solana, and Dogecoin also declined, while Tron was a rare ga...
USDC experienced a significant net outflow of $336 million as investors rotated stablecoin liquidity into USDG and Tron (TRX), indicating a shift within the stablecoin market rather than a broad crypto sell-off. Bitcoin and Ethereum flows remained ba...
