Tag: Hits

$1.2B in shorts set to liquidate if Bitcoin hits 95,076

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Key Takeaways $1.2 billion in leveraged short positions may be liquidated if Bitcoin hits $95,076. Forced buying from short liquidations could push Bitcoin price even higher. Share this article $1.2 billion in leveraged short positions are at risk of liquidation if Bitcoin rallies to $95,076, according to Coinglass’ liquidation map. The potential liquidations highlight the amount of bearish bets currently placed against the largest digital asset by market capitalization. Short positions involve traders borrowing Bitcoin to sell it, betting that the price will decline so they can buy it back…

Bitcoin Hits 3-Week High At $94,625 Amid Sentiment Shift

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Bitcoin prices surged to a three-week high on Tuesday in a “much-needed rebound” that has caused traders to “FOMO back in and expect higher prices,” according to blockchain analytics firm Santiment. Bitcoin (BTC) prices jumped to $94,625 on Coinbase in late trading on Tuesday, according to TradingView, its highest level since Nov. 25. Santiment said this has led to an explosion of social media calls for “higher” and “above” across various platforms. Positive social sentiment is not always conducive to a move higher. Source: Santiment  However, it has already started…

Strategy Buys Nearly $1B In BTC As Treasury Hits 660,000 Coins

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Michael Saylor’s Strategy has expanded its Bitcoin treasury again, buying nearly $1 billion in BTC even as digital asset treasury inflows cool and its own stock trades sharply lower on the year. Strategy chairman Michael Saylor announced on X that the company bought 10,624 Bitcoin (BTC) for roughly $962.7 million at an average price of $90,615 per coin last week. The move brings Strategy’s total holdings to 660,624 BTC, acquired for approximately $49.35 billion at an average price of $74,696. The move comes during a rough stretch for Strategy’s equity.…

Bitcoin Liveliness Hits Peak As Bull Market Continues

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A technical indicator called liveliness is rising, which historically signals bull run activity and could mean that this market cycle is not over yet, say analysts. “Liveliness continues to march higher this cycle despite lower prices, indicating a floor of demand for spot Bitcoin that is not reflected in price action,” said technical analyst “TXMC” on Sunday. The analyst explained that the “elegant metric,” which is like the long-term moving average for onchain activity, is a running sum of all lifetime spending compared to holding activity onchain.  “It rises when…

XRP Sentiment Hits Fear Zone, But May Signal Rally

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Social sentiment toward XRP has tanked into the “fear zone,” but the intelligence platform Santiment says a similar drop has led the token rallying. Santiment said on Thursday that its social data is showing that XRP (XRP) is seeing “the most fear, uncertainty, and doubt (FUD) since October.” “The last time we saw near this level of fear from the crowd was November 21, and XRP’s price immediately rallied 22% over the next three days,” it added.  “As of now, an opportunity appears to be emerging just like two weeks…

Binance leverage ratio hits 30-day low, increasing market stability

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Key Takeaways Binance’s leverage ratios are at a 30-day low, enhancing overall crypto market stability. The exchange’s revised collateral and leverage rules have forced out high-risk positions, reducing the danger of liquidations during volatile periods. Share this article Binance’s leverage ratios have recently declined, indicating reduced speculative positioning and a modest improvement in market stability on the exchange. The shift follows Binance’s updates to collateral ratios and leverage tiers, which are designed to discourage extreme leverage and lower liquidation risk during volatile periods. Research and market data suggest that high…

Bitcoin ETF trading volume hits $5.6B today

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Key Takeaways Bitcoin ETF trading volume reached $5.6 billion, indicating strong investor interest. BlackRock’s iShares Bitcoin Trust (IBIT) has been a leading contributor to the surge in trading volume. Share this article US-listed spot Bitcoin ETF trading volume reached $5.6 billion today, reflecting heightened institutional and retail interest in crypto asset exposure through exchange-traded products. BlackRock’s iShares Bitcoin Trust (IBIT), an exchange-traded product that tracks Bitcoin’s price performance, has emerged as a key player in recent spot Bitcoin ETF trading surges. The fund offers investors exposure to Bitcoin. Fidelity’s Wise…

Bitcoin-to-silver ratio hits lowest since October 2023 as silver prices surge

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Key Takeaways The Bitcoin-to-silver ratio has hit its lowest level since October 2023, indicating silver’s recent strong price performance versus Bitcoin. Silver’s outperformance is attracting investor attention, as analysts highlight the potential for continued momentum based on historical trends and market interest. Share this article Bitcoin’s value relative to silver has dropped to its lowest point since October 2023 as the precious metal continues its price surge. Today the Bitcoin-to-silver ratio reflects silver’s strong outperformance against the leading digital asset. The ratio contraction signals a notable shift in investor preferences…

ETH Hits $3K But It’s Too Early To Call A Reversal

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Key takeaways: The ETH futures premium and the put options skew indicate that traders are hedging aggressively despite an 8% price rebound. Ethereum’s weekly fees slid 49% amid weakened DEX activity, while Tron and Solana fees rose 9%. Ether (ETH) gained 8% on Tuesday but stalled near $3,000 as derivatives markets signaled doubt about further upside. The move tracked the broader cryptocurrency rally as traders priced in better odds of new economic stimulus, especially after stress in Japan’s government-bond market on Monday. ETH/USD (left) vs. Total crypto capitalization/USD (right). Source:…

Analyst Predicts XRP Price Will Hit $100 Before Bitcoin Hits $1 Million

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A crypto analyst has issued a decisive projection that challenges the long timelines often associated with major price milestones for Bitcoin. His outlook was presented in response to the ultra-bullish forecasts from Michael Saylor and Jack Mallers, who have spoken openly about the possibility of Bitcoin reaching between $1 million and $20 million per coin.  Rather than focusing on Bitcoin’s distant targets, the analyst directed attention to XRP, insisting that XRP will reach $100 long before Bitcoin touches the seven-figure mark. Analyst Says XRP Will Reach $100 Before Bitcoin’s Million-Dollar…