Liquidation

The Ethereum Foundation was at the center of attention recently concerning a liquidation plan it has set in place to sell parts of its Ether balance. According to the on-chain tracker Lookonchain, a wallet linked to the foundation moved 2,500 ETH, valued around $6 million, to the exchange Bitstamp on October 8, 2024. This is part of an increasing trend in which large holders, colloquially known as “whales,” are selling their holdings in the face of this volatile market environment.…

The price of Bitcoin hasn’t quite started the month as widely expected, falling to around the $60,000 mark on Thursday, October 3rd. This bearish pressure is believed to have been triggered by the escalating tension in the Middle East after Iran fired missiles into Israel. However, the premier cryptocurrency seems to be making a turnaround to close the week, bouncing back above $62,000 on Friday. The latest on-chain observation shows that this latest recovery seen with the Bitcoin price is…

Historically, October has been a bullish month, often celebrated as “Uptober.” However, this year, October has kicked off with considerable turmoil as geopolitical tensions between Israel and Iran escalate. This conflict has had a far-reaching impact on global markets, with cryptocurrencies bearing a significant brunt of the fallout. Bitcoin Falls to $60,200 Due to Crypto Liquidations On October 1, Iran launched a major missile attack on Israel. This marked the second such assault this year, following a similar incident in…

Bitcoin price movements and market sentiment have often been tied to the positions held by traders across the board. Regarding that, an insight shared by CryptoQuant analyst Amr Taha sheds light on the potential significance of Bitcoin’s long/short liquidation delta, hinting at a shift in market stance. This indicator, according to the shared insight provides a deep dive into how the balance between long and short positions can often foreshadow significant price corrections or rallies. Bitcoin Liquidation Suggest Imminent Market…

The post Solana Faces Pressure as FTX Holds Over $1 Billion in SOL Amid Liquidation appeared first on Coinpedia Fintech News Solana in Trouble! FTX still holds over $1 billion in Solana (SOL) tokens as part of its ongoing bankruptcy liquidation. The exchange has 7.06 million SOL, worth $945.7 million, staked but unsold, adding pressure to Solana’s market value. Despite recent sales of 530,000 SOL by FTX and Alameda Research, significant holdings remain. The crypto market faces heightened scrutiny and…

The post Massive Whale Liquidation Alert: $26.5M in WBTC at Risk of Liquidation! appeared first on Coinpedia Fintech News Whale activity in the Bitcoin and altcoin markets never fails to surprise, especially when they make huge gains or face major liquidation threats. Right now, a massive Bitcoin whale is on the edge of liquidating 488.45 $WBTC (about $26 million) on Compound. According to Lookonchain, this whale’s health rate plummets to 1.07, and the liquidation price is set at $50,429. This…

The post Ethereum Lending Markets Face 2nd Largest Liquidation in History Amid ETH Plunge! appeared first on Coinpedia Fintech News The Ethereum on-chain lending markets witnessed the 2nd largest wave of liquidations, after the 2021 market correction. The sharp move comes with the Ethereum token price falling 22% month-over-month, with the lowest price point marking a 35% drop. The massive sell-off triggered liquidations worth $436 million throughout Ethereum’s lending platforms. On the contrary, AAVE took a massive hit for $289…

Ethereum has been on a wild ride lately. The cryptocurrency took a nosedive and crashed to a point where ETH changed hands around $2,550, having lost more than 20% of its value in the last 30 days. But despite this massive liquidation, Ethereum’s price forecast still looks rosy. According to Cryptorphic, Ethereum’s future could see it rebound, and that critical support levels create a leeway toward a bullish turn. There are a couple of critical reasons for such a slump,…

Vetle Lunde, a senior analyst at K33 Research, has issued a stark warning regarding the practices of prominent crypto exchanges concerning the authenticity of liquidation data. In a post on X, Lunde outlines how exchanges such as Binance, Bybit, and OKX have systematically modified their data reporting processes in a way that he claims significantly distorts the true scale of market liquidations. Why Crypto Liquidation Data Is Bogus The core of Lunde’s argument revolves around changes implemented by these exchanges…