A well-known Bitcoin whale has returned to high-stakes trading with a sizable Ethereum position, adding fresh momentum to a market that is only beginning to recover. According to on-chain data, the trader known as “1011short” deposited $10 million in USDC to the decentralized exchange Hyperliquid before opening a 5x leveraged long position. Visit Website.
Tag: liquidations
The post Bitcoin Black Friday: Tether CEO Reacts to BTC’s Surprising Crash Below $100,000 appeared com. Bitcoin fell below $95,000 for the first time in about six months as a wave of risk aversion swept across markets, with investors pulling nearly $900 million from exchange traded funds. Bitcoin fell to a low of $94,455 on Friday, extending its drop from the Nov. 11 high of $107,482 into the fourth day. With the current sell-off, Bitcoin is on the verge of wiping out its gains for the year, dropping as much as 7% in the last 24 hours. Bitcoin traded at a record high of $126,251 in early October and ended the past year, 2024, at $93,714. “Bitcoin black friday,” Tether CEO Paolo Ardoino posted in a tweet in apparent reaction to Bitcoin’s surprising price drop. The sell-off across the crypto market has prompted more than $1. 38 billion in liquidations, about half of which occurred on Bitcoin trading pairs, according to CoinGlass. Bitcoin accounted for $676 million out of this total figure; the largest single wipeout on the market was a $44 million BTC long on HTX. Crypto market under strain The crypto market remains under strain after $19 billion in liquidations on Oct. 10, which in turn erased over $1 trillion from the total market value of all cryptocurrencies. According to CoinGlass data, the recent liquidation event impacted mostly longs, which accounted for $1. 21 billion, while shorts came in at $157. 36 million. A total of 278, 152 traders were affected in the last market downturn. Economic data from China and fading hopes for a Federal Reserve rate cut contributed to the downturn on the crypto and equity markets. Meanwhile, Tether’s dominance rate has reached its highest level since April. This remains significant as, oftentimes, a surge in USDT dominance has been highlighted as a key feature of Bitcoin bear markets. According to CryptoQuant CEO Ki Young Ju,.
The post $300M in crypto longs liquidated in the past hour as Bitcoin falls to $97K appeared com. Key Takeaways $300 million in leveraged long crypto positions were liquidated in the last 60 minutes due to sudden market selloffs. Bitcoin’s price pulled back from near $99,000 to $97, 000. Crypto markets saw a sharp liquidation wave today, with roughly $300 million in long positions wiped out in the past hour as Bitcoin dropped to $97, 000, triggering selling pressure across digital assets. Long positions, leveraged bets on rising prices in crypto trading, became vulnerable during the rapid market downturn. Forced closures occurred across major exchanges as traders’ overleveraged positions hit liquidation thresholds. Recent Bitcoin price drops below key technical levels have amplified similar liquidation events in 2024. Real-time liquidation heatmaps show widespread forced exits across platforms during the selloff. Over the past 24 hours, liquidations have hit 235, 644 traders and amounted to $1 billion. HTX saw the largest individual liquidation on its BTC-USDT market, worth over $44 million. Source:.
Bitcoin is entering its “maturity era” after dipping below $100,000 this week, prompting Galaxy to cut its end-of-year price target for BTC.
Crypto liquidations are piling up as Bitcoin falls 4% and altcoins like Ethereum, XRP, and Dogecoin have been hit much harder.
Whale transactions in BTC and ETH surge as exchange reserves fall and CME ETH futures hit record highs amid rising institutional demand.
TLDR Tom Lee says only 22% of fund managers are beating benchmarks this year. BitMine added 104, 000 ETH worth $417M from Kraken and BitGo wallets. Trump will meet China’s Xi in two weeks to renegotiate U. S. tariffs. Crypto markets saw $1B in liquidations with $369M from Bitcoin alone. As markets reel from fresh volatility, BitMine [.] The post BitMine Buys More ETH as Trump Prepares to Meet China on Tariffs appeared first on CoinCentral.
Three cryptos carry a similar potential in the current market scenario. Zcash’s (ZEC) 200% price shoot after Naval Ravikant’s viral [.] The post The “$1,000 to $1 Million” Play: Is it Still Possible in Crypto? appeared first on Coindoo.