Bitcoin's price has dropped about 16% this week, testing the $60k support level amid growing market fear. On-chain data reveals that demand for Bitcoin is contracting significantly, with both spot and futures markets showing reduced buying interest. More than half of Bitcoin's supply is now at an unrealized loss, and realized losses are rising, indicating that many holders are selling at a loss. This combination of weak demand, increasing losses, and ongoing selling pressure suggests that the market is still in a capitulation phase, and a confirmed bottom has not yet been reached, leaving Bitcoin vulnerable to further declines below $55k.
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A single Bitcoin long position worth $6.52 million was liquidated on Binance's BTC perpetual-futures market at a price of $65,220 on November 14. This liquidation was a single event involving one position, not a combined total of multiple liquidation...
XRP's price fell 2.09% in the hour ending 3:52 p.m. ET on Nov. 14, reaching $0.933 on Binance. Over the past 24 hours, XRP dropped 8.89%, reflecting significant market volatility. During the one-hour window, liquidations of long positions across Bina...
Bitcoin experienced $11.28 million in long position liquidations within an hour ending at 3:52 p.m. ET on November 14, as its price fell by 0.55% from $65,648 to $65,285. Data from Binance, Bybit, and OKX show total liquidations of $11.52 million, in...
Ether (ETH) experienced $11.04 million in long position liquidations within a single hour ending at 3:52 p.m. ET on November 14, coinciding with a 0.89% price decline from $1,833 to $1,817. This liquidation data, collected from Binance, Bybit, and OK...
