Bitcoin bounced back from its lowest level since September 2024, trading near $59,700 after dipping to around $58,100. Meanwhile, ether continued to decline, holding near $1,550, and U.S. equity futures showed signs of weakness. Market stress is evident as over $1 billion in leveraged futures positions, mostly longs, were liquidated in 24 hours, with bitcoin futures open interest rising sharply as traders increased short positions. Rising implied volatility and put option premiums indicate growing downside fears. Some altcoins like Aave and Solana bucked the trend with gains, but the overall crypto market remains under pressure amid cautious investor sentiment.
Bitcoin, the largest cryptocurrency by market value, fell below the $76,000 mark to $75,855 on Binance spot trading as of 10:36 p.m. ET on November 6. This represents a 0.23% decline over the previous hour, with the price crossing from slightly above...
Uniswap (UNI) experienced a 10.80% drop in Open Interest and a 7% price decline as a whale sold 1 million UNI tokens worth $7.32 million, amid broader market fear. The altcoin market has been bearish, with a $173.74 billion drop in market cap over th...
On November 5, 77 out of the 90 largest cryptocurrencies, excluding stablecoins, experienced significant declines. Ether.fi led the losses, falling 13.45% to $0.526. Other notable drops included Worldcoin down 13.18% and LayerZero down 13.09%. Meanwh...
On November 5, Bitcoin's price fell just below the $76,000 mark, closing at $75,999 after an intraday decline of 5.36%. This drop indicates a significant movement in the market, as Bitcoin lost more than 5% of its value during the day. The $76,000 le...
Bitcoin experienced significant liquidations of long positions totaling $19.07 million during a one-hour period ending at 9:40 a.m. ET on Nov. 5. This liquidation occurred as Bitcoin's price fell by 1.02%, dropping from $79,746 to $78,936. The data, ...
