Bitcoin's price has confirmed a bearish head and shoulders pattern by breaking below its neckline, suggesting a potential drop to $57,000. However, the breakdown lacks strong selling momentum so far, and key support levels could slow the decline. A bullish divergence on the weekly RSI indicates the bear market may be nearing its end, with a possible rebound if broader markets improve or positive news emerges. Investors should watch for either a continuation down to $50,000 or a rally invalidating the bearish pattern.
Bitcoin was the most-searched cryptocurrency on Nov. 5, trading at $76,140 with a 5.8% decline over 24 hours. Among the seven top searched assets, six fell in price, with Lighter (LIT) being the only gainer, up 0.27%. Other notable declines included ...
A Hyperliquid trader held $32.91 million in leveraged stock long positions but faced $7.92 million in unrealized losses as of November 6. The largest loss was in DRAM stocks, totaling $3.61 million, followed by SPCX and SKHX with losses of $1.38 mill...
LayerZero (ZRO) fell 12.77% in 24 hours, leading declines among major cryptocurrencies as 75 of the top 90 coins lost value. Other notable drops include Ethena (ENA) down 11.49%, Worldcoin (WLD) down 10.95%, and Uniswap (UNI) down 10.67%. Meanwhile, ...
Bitcoin experienced $13.11 million in long position liquidations within an hour ending at 6:05 p.m. ET on Nov. 5, as its price fell by 0.68%, dropping from $76,004 to $75,486. Total liquidations across Binance, Bybit, and OKX reached $13.49 million, ...
On November 7, cryptocurrency flows showed Bitcoin (BTC) leading token inflows with $27.25 million, while Ethereum (ETH) and XRP experienced significant outflows of $20.66 million and $20.40 million respectively. Stablecoins USDT and USDC saw inflows...
