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 appears to have found a bottom after a significant market drop, with key indicators like the CVDD and 200-week moving average suggesting a structural support level. Historical patterns from 2019 and 2022 show similar lows preceded major rebou...
The crypto market remains stable with Bitcoin around $64,143 and Ethereum near $1,730, while Solana leads with notable gains amid renewed geopolitical tensions following Iran's announcement to close the Strait of Hormuz. This strait is a critical oil...
Bitcoin recovered above $64,000 over the weekend after a drop below $62,400 on Friday, but the broader crypto market showed limited momentum. Altcoins LAB and AERO led gains with notable increases, while major tokens like Ethereum and XRP remained mo...
The Bitcoin options market is signaling caution with increased demand for puts and higher implied volatility on the downside, especially around the $52,000 price level. This defensive skew indicates traders are paying more for insurance against poten...
Bitcoin traded near $64,000 after partially recovering from a recent sell-off, holding between key support at $62,000 and resistance at $67,000. The market remains cautious due to $6.35 billion in Bitcoin ETF outflows over the past 30 days and geopol...
