Traders

The post Can Bitcoin Hold $58,000? Here’s What Traders Should Know appeared first on Coinpedia Fintech News After a massive price decline in Bitcoin (BTC), now it has reclaimed its $58,000 level. This massive recovery in the BTC price potentially occurred due to the higher interest from whales and institutions. On August 16, 2024, Bitcoin Whale withdrew a significant 533 BTC worth $31 million from Binance at an average price of $58,188, according to the on-chain analytic firm Spotonchain.  Whales’…

Bitcoin buyers might be upbeat after the uptick on August 8. While traders are waiting for a conclusive close above $63,000, confirming bulls of the second half of last week, on-chain data points to risk and traders staying on the sidelines. Traders Cautious: Will The Bitcoin Consolidation Continue? Taking to X, one on-chain analyst said. However, traders are bullish and expecting immediate price expansion; key metrics show that most are more cautious, meaning the uptrend might be delayed. One key…

Dogecoin has recently bounced off a key support zone at $0.10, with technical indicators pointing to a possible rally. The cryptocurrency, currently valued at $0.11, is poised for further gains as it rides out the end of its corrective phase. Experts forecast strong momentum that could see the token reach $1 by the end of 2024. Meanwhile, MoonTaurus (MNTR) has also entered the spotlight.  This recently launched meme coin is rapidly gaining traction with its presale performance and optimistic projections.…

Polymarket is recording heightened activity as traders display increasing interest in prevailing market conditions. Participants are betting thousands of dollars in a bold attempt to predict the market. While the platform’s impartiality has been questioned, especially regarding showing market sentiment, its role in driving crypto adoption cannot be ignored. Polymarket Traders Bet Big According to Dune Analytics, Polymarket has seen a significant increase in daily volume and active traders as participants try to predict market outcomes. These metrics have been steadily…

The post Attention Traders! Bitcoin May Soon Be Oversold; Bulls Remain Passive—Will August Be a Bullish Month? appeared first on Coinpedia Fintech News The crypto markets are plunging as the Bitcoin price dropped and marked lows close to $60,500 in the early trading hours. This appears to have caused havoc within the markets as the global market capitalisation has dropped below $2.2 trillion. The bears have taken over the rally to a large extent, which exhibits the possibility of a…

The post 70% of Binance Traders Long On BTC, Exhibit Bullish Attitude appeared first on Coinpedia Fintech News Traders on Binance are taking advantage of the chance to purchase the decline of Bitcoin. Recent data shows that almost 70% of such traders are long on BTC, demonstrating a very bullish attitude. As of Aug. 1, 2024, 69.3% of accounts had long positions and 30.7% had short positions, according to Binance’s orders distribution. This indicates a long/short ratio of 2.26. Significantly…

As summer is currently fast approaching, several crypto traders and analysts have cranked up their optimism for Bitcoin price trajectory. Among them is well-known crypto analyst, Rekt Capital, who has recently shared insights on BTC next move, suggesting that the asset is poised for a significant breakout in September. This sentiment is echoed by other market analysts who have been closely analyzing recent trends and historical data. What the Bullish September Sentiment Is Based On Rekt Capital pointed out that…

Bitcoin’s (BTC) price faced immense volatility over the weekend, dropping to $66,680 at one point. As the coin recovers, traders in the market are taking positions to profit from the price action. Drawing insights from derivatives market activity, this analysis pinpoints price levels that could cause a cascade of liquidations and focuses on BTC’s potential price movement. Bitcoin Price Spike Threatens Major Bear Liquidations Bitcoin’s see-saw movement in the last two days could be linked to Donald Trump’s appearance and…

After a drab week characterized by Bitcoin, Ethereum, and Solana prices either dumping or moving sideways, prices bounced off strongly by the end of last week. Of note, losses in Ethereum were arrested as prices recovered, rising from around $3,000. At the same time, Bitcoin and Solana pushed higher, closing in on $70,000 and $200, respectively. Interest In Bitcoin, Ethereum, And Solana Spikes According to Santiment data, despite weakness across the scene, there were hints of strength at the tail…