Over $684 million in leveraged crypto positions were liquidated within 24 hours, with short sellers facing $422 million in forced closures compared to $261 million from longs. Ethereum led liquidations with $262 million, surpassing Bitcoin's $182 million, amid volatile trading and macroeconomic pressures like rising inflation and shifting Fed rate expectations. This sharp reversal punished traders betting on price drops, causing a significant forced buying of assets. While notable, such liquidation events have occurred before in 2026 during high volatility periods, signaling ongoing market sensitivity to macro factors.
Bitcoin briefly fell to about $76,050 following the release of the US inflation report, which showed a 0.4% increase in the Consumer Price Index for August and a core inflation rise of 0.3%, slightly above expectations. Despite this, Bitcoin quickly ...
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...
