Bitcoin's Coinbase premium has dropped to its lowest level this month, signaling intensified selling by U.S. institutional investors. This premium, which measures Bitcoin's price difference between Coinbase and Binance, turned negative, indicating institutions are offloading Bitcoin faster than global retail traders. Concurrently, U.S. spot Bitcoin ETFs have seen $1.3 billion in outflows since mid-May, and Bitcoin open interest fell by $1.5 billion this week, reflecting reduced leverage and weak spot demand. Analysts link this trend to institutions shifting capital toward equities amid macroeconomic uncertainty, with some viewing the negative premium as a potential market bottom signal.
A Hyperliquid account held approximately $65 million in combined Bitcoin and Ether long positions on November 11, with unrealized losses of about $9.7 million. The account owned 536.89 BTC and 12,742 ETH, with liquidation prices near $71,966 for BTC ...
Ether (ETH) surged past 2,100 USDT on OKX, reaching 2,101.41 USDT with a 3.71% gain over 24 hours as of Nov. 11. This move reversed a slight dip below 2,100 USDT the previous day. Compared to other cryptocurrencies at the same time, Ether's gain was ...
Bitcoin fell below $75,000 following the release of U.S. Consumer Price Index (CPI) data that showed higher inflation than expected. This inflation indicator signals rising consumer prices, which impacted cryptocurrency markets by increasing volatili...
Bitcoin's price fell from near $80,000 to around $73,500 by Nov. 11, facing pressure from a descending trading channel and heavy liquidation clusters between $76,000 and $77,500. Analyst Tranquility Crypto warns of a potential further drop to $65,000...
Bitcoin experienced $25.2 million in long liquidations within an hour ending Nov. 10, coinciding with a 1.37% price drop from $74,160 to $73,144. Total liquidations across Binance, Bybit, and OKX reached $30.06 million, including $4.86 million in sho...
