Tag: Crash

BNB Wins ‘Uptober’ With Memecoin Wave Amid Binance Market Crash Scrutiny

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October is historically one of Bitcoin’s (BTC) best-performing months, but this year, BNB (BNB) is stealing the show. “Uptober” — coined to describe Bitcoin’s typically bullish Octobers — began on a high note this year, when the US government shutdown had just begun. Now, as Washington’s funding deadlock stretches past three weeks, that optimism has faded amid trade tensions and the aftermath of a historic liquidation event. Meanwhile, BNB, the native token of Binance’s BNB Chain, has set new all-time highs twice this month. The network is experiencing a surge…

$11B Bitcoin Whale Shorts Bitcoin for $235M, Nets $200M In Market Crash

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The $11 billion Bitcoin whale is back with another massive short position, signaling that some large investors are hedging for more crypto market downside amid the tariff concerns and ongoing government shutdown. The Bitcoin whale, which is crypto slang for a large investor, returned with a $235 million 10-times leveraged short position on Bitcoin (BTC), which is a de facto bet on the price decline of the world’s first cryptocurrency. The large investor opened the short position on Monday, when Bitcoin was trading at $111,190. He currently faces a $2.6…

Hacker panic-sells 9,240 Ether during market crash, incurring $4.56M loss

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Key Takeaways A hacker sold 9,240 Ether amidst a market crash. The move resulted in a $4.56 million loss. Share this article A hacker panic-sold 9,240 Ether during today’s market crash, resulting in a $4.56 million loss on the transaction. The perpetrator, believed to have illicitly obtained crypto assets through recent exploits, executed the large-scale sale amid broader market volatility affecting Ethereum and other digital assets. Hackers linked to major exchange thefts have demonstrated reactive trading patterns during recent market downturns, with some observed rebuying Ethereum after initial panic sales…

How to Detect Market Manipulation in Altcoins Before They Crash

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Key takeaways Unlike Bitcoin, many altcoins have low liquidity and limited oversight, making them prone to price manipulation and insider exploitation. Sudden spikes in trading volume, large whale transfers to exchanges, token unlocks or social media hype often precede sharp declines. Platforms such as Nansen, DEXTools and LunarCrush help detect abnormal wallet activity, fake liquidity and sentiment manipulation. Researching fundamentals, diversifying portfolios, setting stop-losses and avoiding hype-driven channels are key to protecting your funds. The altcoin market offers immense opportunities for those looking to invest in cryptocurrencies beyond Bitcoin (BTC).…

Why This Pundit Believes It’s “Game Over” For XRP Following The Crash

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The recent market-wide crash that sent the XRP price tumbling to $1.2 before an immediate rebound has left traders wondering whether the worst is over. Crypto analyst Steph, in a detailed technical analysis shared on X, noted that the latest move could be an important turning point for XRP. Although his outlook acknowledges the possibility of recovery, his deeper analysis of XRP’s chart history and key indicators paints a mixed picture of what lies ahead for the cryptocurrency. Bearish RSI Divergence Echoes 2021 Price Collapse According to Steph, XRP’s current…

Crypto ‘Got a Passing Grade’ on the Weekend Crash: Bitwise CIO Matt Hougan

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The crypto market faced its biggest leveraged wipeout in history last weekend, but the turbulence won’t leave a lasting mark, according to Bitwise chief investment officer Matt Hougan. In a Tuesday blog post, Hougan described the sharp drop as “a blip” and not a big deal. He added that crypto “got a passing grade” in its handling of the sell-off. “Many DeFi platforms performed flawlessly: Uniswap, Hyperliquid, Aave and others reported no losses,” he wrote, while noting that Binance and some other exchanges faced issues. “Taken together, crypto did as…

Why This Resistance Could Trigger Another XRP Price Crash Soon

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A recent analysis by R. Linda on TradingView shows that the XRP price is facing a tough resistance zone after its recent recovery. The market is still showing signs of instability after earlier liquidations, and both XRP and Bitcoin are now moving into areas where another correction could happen. According to the analyst, XRP’s price movement is part of a broader correction phase following a strong sell-off. While there has been some recovery, the move appears weak, and a new drop may form if XRP fails to push above resistance. …

Exclusively obtained orderbook data reveals details about USDE crash

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The recent crash on Oct. 10 was the largest liquidation event in the crypto market’s history. More than $19 B was liquidated, according to CoinGlass data, leading to a $65 B decline in open interest. This number dwarfs other memorable liquidation cascades such as the COVID-19 crash with $1.2 B, or even the FTX collapse at $1.6 B in liquidations.  In the aftermath, consensus among investigators emerged that the event was at least partially caused by vulnerable pricing oracles on the Binance exchange. The collateral value of three pegged crypto…

Is BNB Price Going to Crash Again After a 12% Drop From All-time Highs?

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Key takeaways: BNB faces short-term correction risks but maintains a bullish macro structure. A bull flag is still in play, pointing to a BNB price target above $2,000.  BNB (BNB) has dropped 10% over the last 24 hours, reflecting the risk-off sentiment in the broader crypto market.  BNB/USDT daily chart. Source: Cointelegraph/TradingView With a 13% drawdown from its $1,300 all-time high reached on Monday, the question remains whether the upside is over for the Binance-linked token. BNB faces “overbought” risks The BNB/USD pair has hit multiple all-time highs since late…

XRP About To Stage A Repeat Of 2017? Here’s What Happened Last Time There Was A Flash Crash

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A crypto analyst has sparked fresh discussions on X social media after pointing out an eerie similarity between the current XRP price structure and its 2017 setup. Back then, the cryptocurrency experienced a sudden flash crash on Binance, dropping from $0.36 to $0.001 before soaring tens of thousands of percent to its all-time highs just weeks later. XRP Mirrors Flash Crash Setup From 2017 A new technical analysis by a crypto market expert known as ‘Guy on the Earth’ on X recalls December 2017, when XRP faced an alleged rug…