Nearly $404 million in leveraged crypto positions were liquidated in 24 hours, mostly from short sellers as Bitcoin and Ethereum prices rose modestly. About 72% of liquidations were shorts, indicating a short squeeze that forced bearish traders out. Bitcoin led with $94,608 price and $112 million in liquidations, followed by Ethereum with $36.86 million. Several altcoins like Solana and Sui also saw significant short liquidations despite minor price changes, showing leverage unwinding rather than strong spot demand as the main driver. This reset in positioning may lead to volatile, choppy trading as traders adjust.
Bitcoin's technical indicators on the 12-hour chart reveal a rare alignment of bullish signals, including the Tom DeMark Sequential buy signal, RSI bullish divergence, and a SuperTrend flip. These suggest momentum may push Bitcoin toward $65,400, nea...
Bitcoin's price surged over 3% to surpass $64,000, even as analyst Benjamin Cowen projects the current bear market will bottom by late September to early October. Cowen notes that Bitcoin's 2026 price action mirrors the 2018 bear market cycle structu...
Bull Bitcoin, a Bitcoin-only exchange, has filed a legal challenge against the EU's DAC8 directive, which requires crypto service providers to share user data with tax authorities. The exchange argues this directive threatens user privacy and safety ...
Bitcoin surged above $64,000 after US Consumer Price Index inflation came in at 3.5%, lower than the expected 3.8%. This cooler inflation data increased expectations that the Federal Reserve may cut interest rates sooner, which is positive for crypto...
XRP is trading around $1.06, facing bearish technical pressure with resistance near $1.10 and support at $1.00. Despite technical weakness, regulatory developments like the US CLARITY Act and EU MiCA licensing provide potential long-term support. On-...
