Dogecoin is currently testing a critical $0.07 support level as aggressive short positions, including a notable 40x short, add selling pressure. Despite this, bullish traders remain active, with the long/short ratio reaching a multi-month high and memecoin trading volume rising 22%, indicating strong risk appetite. Historically, similar setups have led to sharp rebounds, suggesting the current pressure could trigger a bear trap and a potential short squeeze. If market sentiment shifts positively, DOGE could rally toward $0.075 in the near term.
Bitcoin's price fell marginally by 0.26% to around $64,800, while Ethereum edged up 0.09% to about $1,917, reflecting a cautious market mood. Crypto derivatives volume plunged over 51%, signaling reduced leverage and fewer short-term bets, while stab...
Spot Bitcoin ETFs experienced inflows totaling $853.54 million in the past week, marking the best weekly performance since April. BlackRock's IBIT led with $693.5 million, followed by Fidelity's FBTC with $116.5 million. Despite a recent hack causing...
XRP reversed its decline against Bitcoin after five days, bouncing back from oversold conditions indicated by the RSI dropping to 25 before recovering to 35. This rebound suggests XRP might be regaining strength relative to Bitcoin, though the RSI re...
Top traders are reducing Bitcoin long positions, especially in USDT-margined futures, indicating a cooling of leveraged bullish sentiment. Data shows a notable decline in the share of accounts holding BTC longs, suggesting broad de-risking rather tha...
Bitcoin remains stable around $64,700 despite escalating Middle East tensions following an attack by Yemen’s Iran-linked Houthis on Saudi Arabia, which has driven Brent crude oil prices above $83 a barrel. This geopolitical unrest has also boosted go...
