Top traders on the decentralized exchange Hyperliquid have taken the most aggressive Bitcoin long positions ever recorded by Glassnode, exceeding levels seen during Bitcoin's previous run to about $83,000. This strong speculative demand comes as Bitcoin recently reclaimed the $65,000 level after a dip caused by geopolitical tensions. Analysts warn that such one-sided long positioning could lead to a liquidation cascade if Bitcoin fails to hold above $65,000. Market watchers will be closely observing whether these long positions unwind with strength or trigger a sell-off if the price drops again.
Bitcoin and Ethereum prices fell slightly on Friday, with Bitcoin down 0.96% to $64,147 and Ethereum down 0.62% to $1,861, indicating a mild pullback in major cryptocurrencies. Meanwhile, some large-cap altcoins like Tron and Dogecoin posted modest g...
Bitcoin held steady despite a tech stock selloff triggered by weak earnings, with over 83,000 traders liquidated recently. Spot Bitcoin ETFs saw significant outflows, while Ethereum ETFs had inflows. Analysts predict Bitcoin may experience one final ...
Bitcoin fell below $64,000 after nearly reaching $67,000 mid-week, causing $87 million in Bitcoin liquidations and $312 million across the crypto market. The drop reduced Bitcoin's market cap to $1.285 trillion and was influenced by fluctuating oil p...
The crypto market cap fell 1.18% in 24 hours with Bitcoin and Ethereum down 1.35% and 1.85% respectively. Bitcoin's longest streak of spot ETF inflows in nine months ended, coinciding with rising U.S.-Iran tensions and higher oil prices, which increa...
Evernorth's Chief Business Officer Sagar highlights the distinct roles of Bitcoin and XRP, describing Bitcoin as "digital gold" for wealth preservation, whereas XRP functions as a utility layer for finance with near-instant transaction settlement and...
