Top futures traders significantly increased their long positions in Bitcoin and Ethereum, especially in USD-margined markets, indicating a rising appetite for leverage and potential market volatility. Data shows Bitcoin longs rose to 61.72% and Ethereum to 58.16% by position share, with even larger increases in account-based long exposure. This trend suggests traders are betting on price gains but also raises the risk of sharp market moves and liquidations. Dogecoin saw a slight decrease in long positions, highlighting varied sentiment across tokens.
Bitcoin is set to close July with a 7.5% gain despite challenges like rising interest rate expectations, higher bond yields, and a $38 million Coldcard wallet hack. Analysts attribute Bitcoin's resilience to reduced forced selling after leveraged pos...
The 30-year U.S. Treasury yield hit its highest level since 2007, making bonds more attractive and drawing capital away from riskier assets like cryptocurrencies. This shift has contributed to a significant drop in crypto market value, with Bitcoin l...
Bitcoin fell 3.5% to $62,369, its lowest in over two weeks, influenced by stagnant US markets and renewed global macroeconomic tensions. While Wall Street struggled, the South Korean KOSPI index surged 17.9%, driven by the AI and semiconductor sector...
Large investors, or whales, have raised their control over Cardano's ADA tokens to 68.76%, the highest since July 2020, despite the token's price falling over 70% this year. This surge in whale holdings suggests growing institutional confidence in Ca...
Bitcoin fell nearly $3,000 on July 31, dropping to an intraday low of $62,369 after failing to hold $65,000, which erased $100 million in leveraged long bets and reduced its monthly gains from 10% to 4.5%. The sell-off also cut Bitcoin's market capit...
