A bitcoin whale on Hyperliquid opened a highly leveraged long position of 911.55 BTC, worth about $70 million, with 40x leverage. The current bitcoin price is less than 1% above the liquidation price of $76,308.60, meaning a small drop could trigger forced liquidation and a large sell-off. This highlights the crypto market's volatility and contrasts with Michael Saylor's long-term buy-and-hold approach, as he tweeted simply: "Just buy Bitcoin." Upcoming macroeconomic events like the Fed's interest rate decision and inflation data could further impact bitcoin's price in the coming days.
Grayscale Research reveals that while Bitcoin miners earn about $35 million daily in total compared to Zcash's $2 million, Zcash mining rigs generate roughly twice the daily revenue of Bitcoin rigs. Additionally, Zcash mining is about four times more...
Cryptocurrency prices exhibit mixed changes, with Bitcoin holding around $77,279 and Ethereum rising 2.7% to $2,527.92. Other altcoins like Solana and Litecoin also show gains, while some tokens experience declines. This varied performance reflects o...
Binance's bitcoin reserves have risen to over 693,000 BTC, the highest in two years and about 30% of all major exchange reserves. This increase of roughly 77,000 BTC since April raises potential sell-side pressure as Bitcoin faces a strong resistance...
Ether surged 8.3% to over $2,600 on September 11 after more than $255 million in short positions were liquidated within 24 hours, with $188 million wiped out in just one hour. This massive short squeeze was triggered by hotter-than-expected US inflat...
Bitcoin briefly surged to $79,837 following the release of August Consumer Price Index (CPI) data that met economists' expectations, triggering volatile trading and over $732 million in crypto liquidations. The price fluctuated sharply, influenced by...
