Crypto traders betting on a rally lose $563 million in liquidations. Ether and bitcoin suffer the most
Ether and bitcoin led liquidations, as their prices dropped on macroeconomic concerns.
Rally
Bitcoin Price Action Favors Bears But Profit Taking Overwhelms Each Rally
Bitcoin (BTC) traders pushed the price to $77,400, but data suggests profit-taking may thwart the bull’s goal of turning the $77,000 to $80,000 zone into support. Orderbook data from TRDR shows over $130 million in asks extending from $76,700 to $79,300. BTC/USDT Binance perps orderbook.… Read More
Pudgy Penguins rally coincides with token unlock as analyst flags exit liquidity risk
Pudgy Penguins’ recent rally may be a breakout driven by ecosystem momentum. This move appears to have benefited long-term holders in unexpected ways, according to on-chain data. According to DNTV Research founder Bradley Park, the surge may have provided liquidity, that is, enough buyers in… Read More
Binance and Biget to probe RAVE’s 4,500% token surge as claims of insider-orchestrated rally grow
Binance and Bitget, two major cryptocurrency exchanges, have opened investigations into trading activity surrounding RaveDAO’s RAVE token, after onchain sleuth ZachXBT alleged insiders engineered a large short squeeze that drove the token’s rapid rise. Crypto exchange Bitget’s CEO Gracy Chen said the exchange had “started… Read More
XRP to $10? Rally hopes build as token jumps 8% weekly, outpacing majors
XRP is starting to outperform in a way that gets attention. The token is up about 8% on the week and around 3% on the day, pushing ahead of bitcoin and ether, but the move still looks controlled rather than explosive. That keeps the focus… Read More
Circle (CRCL) and Bullish (BLSH) fail to participate in Thursday rally
Crypto prices and U.S. stocks rallied Thursday on diminishing Middle East worries, but Circle (CRCL), Bullish (BLSH) and Coinbase (COIN) all posted sizable declines. Circle tumbled 9.9% to $85.10 after Compass Point downgraded the stock to Sell from Neutral and cut its price target by… Read More