Liquidations

Crypto trader and analyst Unipcs (Bonk Guy) has reiterated his bullish prediction for Dogwifhat (WIF). He made this statement while revealing the sums lost by short traders thanks to their bearish sentiment around the meme coin.  Dogwifhat Headed To $10 Unipcs mentioned in an X (formerly Twitter) post that Dogwifhat is “headed to $10” and will never drop to as low as $1 again. He added that the market is currently in a meme coin supercycle, which is why he…

As the Bitcoin and Ethereum prices hav barreled toward a new all-time high, short-term traders have been suffering the brunt of the liquidations. In the last day alone, over $330 million was liquidated from the crypto market and the majority of this has been from short traders who expect prices to fall once again. Over 78,000 Traders Liquidated For $330 Million Coinglass data shows that the last 24 hours have been brutal for crypto traders. In this short time, more…

The post Bulls Back Down as Long Liquidations and Deposit Spikes Signal Trouble Ahead! appeared first on Coinpedia Fintech News Following a $27M short liquidation, briefly hinting at bullish control, the market faces a reversal as long liquidations climb to nearly $20M. Furthermore, a 136.04% jump in net deposits on exchanges over the last 24 hours, exceeding the weekly average, suggests a shift in trader sentiment. This sudden movement indicates that investors are preparing to sell, increasing market supply. Such…

The bulls have continued to take a beating in the market, and XRP bulls, in particular, were recently in the spotlight as $1.27 million was liquidated from their long positions. This 6,350% spike in long liquidations is likely due to XRP’s recent price action, highlighting the general sentiment in its ecosystem.  $1.27 Million In Longs Get Liquidated Data from Coinglass shows that $1.27 million in long positions have been liquidated in the last 24 hours. This is massive in comparison…

The post With CZ in Prison, $300M+ Liquidations Drop BTC Price To $60K appeared first on Coinpedia Fintech News As the founder of Binance, Chanpeng Zhao was sentenced to four months in prison; BTC and other altcoins price experienced a massive drop. Amidst this legal storm, the crypto world witnesses a $322 million-long liquidation, per Coinglass.  The legalities increase the FUD in the crypto world and lead to the lowest closing price in Bitcoin in the last 60 days. With…

The trading day continues in an even more painful manner for bitcoin as the primary cryptocurrency took another hit and slumped to its lowest price position in over two months of under $59,300. The altcoins’ situation is worse, with ETH dropping below $3,000, SOL dumping by 8%, and a few double-digit price declines. Bitcoin/Price/Chart. Source: TradingView It was just earlier today when the bitcoin bulls had taken charge and initiated an impressive leg up that resulted in the asset nearing…

Bitcoin’s price stood tall above $66,000 for a few days and even challenged $67,000 on a couple of occasions but to no avail. The subsequent rejection brought enhanced pain for the bulls and over-leveraged traders with long positions, as the total value of liquidations on a daily scale has soared to more than $200 million. However, the altcoins also have a big say in this, as most have plummeted even more than bitcoin. Bitcoin/Price/Chart. Source: TradingView Last week was quite…

In an extraordinary display of market volatility, the cryptocurrency market saw a staggering $5.55 billion in long and short positions liquidated this April. This was primarily triggered by the mounting speculation around the Bitcoin halving event. This tumultuous period serves as a fertile ground for crucial insights and strategic adaptations in investment practices. Volatility Strikes Pre-Bitcoin Halving Rossmarie Davila, a seasoned crypto financial advisor, gave BeInCrypto insights into the best practices for navigating these turbulent times. When constructing an investment…

The post Bitcoin’s Potential Drop May Cause $15B Liquidations on Binance appeared first on Coinpedia Fintech News As a result of the Bitcoin drop, over the past 24 hours, 74,741 traders have liquidated assets worth $230.18 million, with top assets being BTC, ETH, and SOL. Leading the pack is Binance with $90.72 million, followed by OKX and Bybit with $84.81 and $25.91 million, respectively. The largest liquidation order was $5.40 million.  What’s happening? Is it a pre-halving crash? Let’s analyze…