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আনলিমিটেড ইনকাম করুন বিজ্ঞাপন দেখে এবং রেফার করে,প্রতিটি বিজ্ঞাপনের জন্য পাবেন ০.০২৫ ডলার এবং প্রতিটি সফল রেফারেলের জন্য ১৭ ডলার উইথড্র দিতে পারবেন যেকোনো সময়ে উইথড্র মেথড: USDT,BTC,PAYPAL,PayTm,Airtel Money,Bkash,Nogod
Comment For Details Orazo দিচ্ছে আপনাকে দৈনিক হাজার হাজার টাকা ইনকাম করার সুবর্ণ সুযোগঃ 🔥 ⭐️ Orazo থেকে খুব সহজে অল্প সময়ে ঘরে বসে বিজ্ঞাপন দেখার মাধ্যমে আপনি প্রতিদিন ৩০০ টাকা ইনকাম করতে পারবেন। 😊 ⭐️প্রতিটি বিজ্ঞাপন দেখতে সময় লাগবেঃ 👉 মাত্র (১০ —৪০ ) সেকেন্ড 😍
👉 Orazo তে ৩ টি মেম্বারশীপ প্যাকেজ রয়েছে। যেমনঃ ১.💥এলিট মেম্বারশীপঃ 👉 এলিট মেম্বারশীপে ৩১০০ টাকা ইনভেস্ট করে ৩০ টি বিজ্ঞাপন দেখা যাবে । প্রতিটি বিজ্ঞাপনের মূল্য 0.025 ডলার। অর্থাৎ প্রতিদিন ৩০টি বিজ্ঞাপন দেখে ৯০ টাকা ইনকাম করা যাবে। 😊
২.💥স্ট্যান্ডার্ড মেম্বারশীপঃ 👉 স্ট্যান্ডার্ড মেম্বারশীপে ৬২০০ টাকা ইনভেস্ট করে প্রতিদিন ৫০ টি বিজ্ঞাপন দেখতে পারবেন।প্রতিটি বিজ্ঞাপনের মূল্য 0.025 ডলার। অর্থাৎ প্রতিদিন ৫০ টি বিজ্ঞাপন দেখে ১৫০ টাকা ইনকাম করা যাবে।😊
৩.💥প্রিমিয়াম মেম্বারশীপঃ 👉 প্রিমিয়াম মেম্বারশীপে ১২৪০০ টাকা ইনভেস্ট করে প্রতিদিন ১০০ টি বিজ্ঞাপন দেখতে পারবেন। প্রতিটি বিজ্ঞাপনের মূল্য 0.025 ডলার। অর্থাৎ প্রতিদিন ১০০টি বিজ্ঞাপন দেখে দৈনিক ৩০০ টাকা ইনকাম করা যাবে।
💥এছাড়াও ডলার ক্রয় ও বিক্রয়, রেফার ও লটারি,ট্রেডিং এর মাধ্যমেও আনলিমিটেড ইনকাম করতে পারবেন 😍 🏦 পেমেন্ট/উত্তোলন সিস্টেমঃ বিকাশ,নগদ,রকেট,Bainance,USDT,BTC,Paypal,Pytm
আপনি #Bainance Live থেকে ফ্রী ইনকাম করতে পারবেন খুব সহজে১.প্রথমে আপনার Bainance হোমপেজের More অপশন থেকে Live ফিচার এ ক্লিক করবেন২.দেখেন অনেক লাইভ স্টিমিং চলছে ওখান থেকে কোন লাইভে ক্লিক করে উপরে টাইম শো করতেছে ওখানে ক্লিক করে Follow তে ক্লিক করে সময় শেষ না হওয়া পর্যন্ত অপেক্ষা করুন৩.সময় শেষ হলে দেখবেন গিফট বক্স আসবে ওটা ওপেন করলেই আপনি #USDT #BTC #BNB #BTTC পেয়ে থাকবেন ৪.এছাড়াও এমন সব লাইভে বসে থাকলেও বিভিন্ন গেস্ট ও হোস্ট গিফট বক্স দিয়ে থাকে যা থেকে আপনার ভালো ইনকাম আসবে৫.উপরের দিকের ভিডিও লাইভ ফলো করবেন ওখানের লাইভে বিভিন্ন কোম্পানি Sponsor করে তাই হোস্ট উক্ত লাইভে ইউজারের জন্য ১০০/২০০ ডলারের রিওয়ার্ড রাখে তাই আপনিও ফ্রীতে রিওয়ার্ড নিতে পারবেনকিভাবে নিবেনটাইমিং রেড পোকেট:: উক্ত লাইভের বাম সাইটে ৫/১০ মিনিটের একটা টাইমওয়াচ চলতে থাকবে আপনি তাতে ক্লিক করবেন দেখবেন Enter The Designated Comment লেখা থাকবে ওটা ক্লিক করলেই আপনি রিওয়ার্ডের অন্তর্ভুক্ত হবেন এবং সময় শেষ হওয়ার সাথে সাথে স্কিনে একটি বক্স আসবে আপনি তা ওপেন করলেই রিওয়ার্ড আপনার ওয়ালেটে যোগ হবে মনে রাখবেন বক্সটি খুব দ্রুত ওপেন করতে হবেকুইজ বক্স:: ১ মিনিট অথবা ৩০ সেকেন্ডের একটি কুইজ উক্ত লাইভের স্কিনে শো করবে আপনি শুধু কমেন্টে তার রিপ্লাই দিবেন সঠিকভাবে উত্তর দিলে গ্রীন কালারের টিক চিহ্নসহ Correct লেখা দেখবেন তারপর সময় শেষ হলে বক্স স্কিনে আসলেই দ্রুত ওপেন করবেন সাথে ওয়ালেটে রিওয়ার্ড এড হবে মনে রাখবেন ভূল উত্তর দিলেও আপনি অন্যদের টা দেখে আবার কমেন্ট করলেও রিওয়ার্ডের অন্তর্ভুক্ত হবেন এবং অনেক সময় কুইজের প্রশ্নটাই সেমভাবে কমন্টে লিখে দিবেন ওটাই উত্তর প্রশ্ন কমেন্ট করে::হোস্ট সবাইকে উপস্থিত গেস্টকে প্রশ্ন করতে বলবে স্পনসরের বিষয়ের উপর তারমধ্যে থেকে হোস্ট ৫/১০ জনকে সিলেক্ট করবে যার প্রশ্নটি বেশি গুরুত্বপূর্ণ এবং প্রতিজনকে ১০/২০ ডলার করে রিওয়ার্ড দিয়ে থাকেমনে রাখবেন হোস্ট যেসব প্রশ্ন গেস্টকে করেছেন তা করবেন না নতুন খুবি গুরুত্বপূর্ণ প্রশ্ন করবেন এবং অবশ্যই প্রশ্নের শেষে আপনার টেলিগ্রাম ইউজার নেম এড করবে.উদাহরণ: There have any pre-sale system before release?@Agent4BD
he NFPrompt (NFP) ICO is live, expecting a grand closure on Wednesday, December 27, 2023. Following the closure of the NFP ICO, the token will be listed on Binance on Wednesday. Furthermore, its true supporters can rejoice as the team has decided to conduct an airdrop on the same day, which would allow crypto enthusiasts to earn free token rewards.NFP supporters have created a buzz on X after they tried on the cool features of NFPrompt, a UGC platform, that gives shape to your thoughts. On the NFPrompt website, one can create Non-Fungible Tokens (NFTs) or NFPs as named by the NFPrompt team. The platform uses AI to convert your thoughts into artwork. Moreover, the NFP artwork can be sold by accepting payments via digital currencies.NFP Binance ListingThe Binance Launchpool for the NFP token went live on December 20, 2023, marking the beginning of its ICO. By participating in the Launchpool, users can get NFP rewards. The staking options include BNB (Binance’s native crypto), FDUSD, and TUSD.The NFP Binance Launchpool is slated to end on Wednesday as the NFP crypto will be officially listed on Binance for trade. The Launchpool’s total rewards amount to 110 million NFP tokens. However, a daily and hourly reward limit for all staking options has been set.NFP AirdropThe NFP team is now set to initiate the Season 2 token airdrop on Wednesday, which coincides with the Binance listing. Moreover, it’s worth noting that 100 million tokens would be awarded to the airdrop participants. However, to be eligible, you must be a true NFP supporter. The eligibility criteria include:Participation in events, such as OAT Campaign or Discord events would be considered.Wallet activity would be monitored.Noteworthy NFT creations on NFPrompt along with social interaction.Wallet sybil actions wouldn’t be allowed.The NFP creations alongside the upcoming airdrop bonanza and Binance listing have created a buzz on social media. Currently, NFP is a trending topic on X as several users have been using their creativity to create digital artwork using AI. In addition, users have decided to sell their NFT artwork.NFP TokenomicsThe total supply of NFP is 1 billion tokens. Out of this, 11% was reserved for Binance Launchpool and 10% is to be distributed via the initial airdrop. Thereafter, 10% of the tokens would be allocated to investors, and the NFPrompt team would get a share of 15%. In addition, the remaining 54% has been reserved for growth and treasury funds.#NFPrompt#Launchpo #Token
সবাইকে অভিবাদন! আজ NFP টোকেনের আসন্ন সর্বজনীন তালিকার জন্য নিজেকে প্রস্তুত করুন, বিশেষ করে যদি আপনি NFP টোকেন সংগ্রহে জড়িত থাকেন..
আজ তালিকাভুক্ত হওয়ার আগে আপনার সংগ্রহ করা NFP টোকেন দাবি করতে এখনই Binance লঞ্চ পুলে যান.মনে রাখবেন যে নতুন তালিকাভুক্ত টোকেনগুলি প্রায়ই রিলিজ হওয়ার পরপরই একটি উল্লেখযোগ্য মূল্য বৃদ্ধি হয়ে থাকে... #NFPrompt #NFP
Zora পুরষ্কার এবং আয় ভাগ করে নেওয়ার জন্য স্প্লিট বৈশিষ্ট্য চালু করেছে
ফোরসাইট নিউজ অনুসারে, এনএফটি মার্কেটপ্লেস Zora স্প্লিটস নামে একটি নতুন বৈশিষ্ট্য যুক্ত করার ঘোষণা দিয়েছে, যা পুরষ্কার এবং আয়ের ভাগ এবং ভাগ করার অনুমতি দেয়। বিভাজন হল একাধিক ওয়ালেট ঠিকানার মধ্যে আয় ভাগ করে নেওয়ার একটি পদ্ধতি। বৈশিষ্ট্যটি 0xSplits স্মার্ট কন্ট্রাক্ট ব্যবহার করে নির্মাতাদের জন্য অর্থপ্রদান প্রক্রিয়া সহজতর করতে এবং সমস্ত পক্ষের ন্যায্য অংশ প্রাপ্তি নিশ্চিত করার জন্য প্রয়োজনীয় প্রশাসনকে কমিয়ে দেয়। #Zora
Ethereum’s Upcoming Upgrade ‘Cancun-Deneb’ Set to Begin Testing on January 17
Ethereum’s upcoming upgrade, “Cancun-Deneb” (also known as “Dencun”), is set to begin testing on January 17, as per an official note published on the Ethereum Github repository.According to the latest Ethereum All Core Developers Consensus Call report, Ethereum developers have confirmed their progress towards launching a Goerli shadow fork for testing the Cancun/Deneb upgrade with all clients. This testing phase is expected to be initiated within the next one to two weeks.The initial testing will take place on the Goerli testnet, followed by implementation on the Sepolia testnet on January 30 and the Holesky testnet on February 7.The Cancun/Deneb upgrade is currently undergoing testing on Devnet 12, where all execution layer (EL) and consensus layer (CL) client combinations, including the Prysm client, have been integrated. The MEV-Boost software has been activated for most client combinations, with the exception of those involving the Prysm client.The introduction of a shadow fork is part of the testing process, serving as a smaller-scale test fork that focuses on specific improvements needed before implementing the Dencun upgrade on the main protocol.However, the Ethereum team has not yet specified when Dencun will be deployed on the mainnet. The Dencun upgrade includes several tools designed to reduce fees, enable new features for bridges and staking pools, and limit the use of self-destruct operations on smart contracts.After testing, the next goal will be to distribute the changes on the mainnet around the end of February, although these dates are subject to change depending on the outcome of the testnet forks.Ethereum’s Deneb-Cancun Upgrade Introduces Proto-Danksharding for Enhanced Scalability and Reduced Transaction Costs on Layer 2 NetworksThe upcoming Ethereum upgrade is set to introduce changes to the two mainnet layers of Ethereum: the execution layer, overseeing smart contract execution, and the consensus layer, focusing on blockchain consensus through staking.Specifically, the upgrade for the execution layer will be named Cancun, while the consensus layer upgrade will be referred to as Deneb, collectively forming the Deneb-Cancun upgrade.A key feature of the Deneb-Cancun upgrade is Ethereum Improvement Proposal 4844 (EIP-4844), also known as proto-danksharding. EIP-4844 aims to enhance Ethereum’s scalability, surpassing the current capabilities of Layer 2 solutions.EIP-4844 is designed to enable Ethereum nodes to temporarily store and retrieve off-chain data, addressing the data and storage requirements of blockchain applications. Once activated, EIP-4844 is expected to reduce transaction costs on Layer 2 rollup solutions, including Optimism and Arbitrum, compared to their current rates.This proposal also allows layer-2 rollup networks to temporarily store certain transaction data using a new format called “blobs.” These blobs can be deleted after 18 days, providing a potential reduction in transaction fees on layer-2 networks.Initially, before Shapella, developers had decided to postpone the inclusion of EIP 4844 in the context of updates, given its complexity, preferring to focus on ETH withdrawals in staking.However, Ethereum developers have delved into the technical details of EIP 4844.Other proposals in the Dencun upgrade include EIP-1153, introducing a “transient storage” system to reduce fees further, and EIP-4788, enhancing transparency by storing the root of each Beacon chain block in a smart contract that applications can query. The data from EIP-4788 is expected to be utilized in new features for bridges and staking pools.Concerns Arise Over Potential Delay in Ethereum’s Dencun Upgrade Deployment on MainnetIn an Ethereum consensus-layer meeting held a month ago, concerns were raised about the potential delay in deploying the Ethereum upgrade known as “Dencun ” on the mainnet. Tim Beiko from the Ethereum Foundation highlighted the absence of the upgrade on public testnets like Goerli, Sepolia, and Holesky.Beiko pointed out that if Dencun wasn’t launched on a public testnet before the November 2023 Devconnect developer conference, the mainnet deployment might be delayed beyond the Christmas holidays, possibly into 2024.Factors such as the readiness of the software code, testing across Ethereum’s execution and consensus layers, and the preparedness of multiple client teams were deemed critical for Dencun’s mainnet deployment. At the time of the meeting, the upgrade work was in the “devnet phase,” with plans to test on a localized developer network called “Devnet 9” before transitioning to the public testnet phase.Dencun would represent the first major update since the release of Shapella earlier this year, which allowed for ether withdrawals in staking (ETH) from the blockchain. Ethereum upgrades typically undergo several months of testing before being deployed to the mainnet. The previous upgrade, codenamed “Shapella,” began testing on February 7 and was launched on the mainnet on April 12.
Tether’s USDT Stablecoin Depegs from US Dollar on Exchanges After Company Froze $435M
Tether’s USDT, the largest stablecoin by market capitalization, depegged from its intended $1 price amid growing scrutiny over the company’s December 15 announcement of a wallet-freezing policy in collaboration with law enforcement agencies including the DOJ, FBI, and Secret Service.Data from CoinMarketCap shows USDT dipping as low as $0.985 at times in major exchanges like Binance, Coinbase, and Kraken, indicating a deviation from its dollar peg.Stablecoins like USDT are designed to maintain parity with fiat currencies like the dollar. Various factors can cause temporary drifts from the peg, however, resulting in devaluation. For USDT, this latest depeg appears connected to declining faith in Tether policies after the massive asset freeze.USDT Depeg Caused by Cooperation with AuthoritiesTether also sent a letter on December 15 to Senator Cynthia M. Lummis and Congressman J. French Hill outlining that it had frozen crypto wallets holding over $435 million in USDT tokens on requests from government agencies during 2023. This demonstrated the stablecoin issuer’s extensive collaboration with authorities to disrupt criminal activity involving USDT.“Tether is grateful for the opportunity to address the concerns raised by U.S. lawmakers, and we are committed to continuing Tether’s close work with law enforcement in the U.S. and globally,” Tether CEO Paolo Ardoino stated in the letter. “Tether seeks to be a world class partner to the U.S. as we continue to assist law enforcement and expand dollar hegemony globally.”Tether maintained it works with agencies to counter illicit financial activity. But its posture as a neutral stablecoin issuer is under question post-freeze.
$BTC will cross $50,000 within 26 days and the price will continue to drop unexpectedly towards the end of January #BTC See my previous post was 99.99% correct $BTC
Chinese hackers target crypto investors with fake Skype
The fake Skype application is being heavily distributed on the Chinese internet, the SlowMist Security Team has learned.As many international marketplaces are inaccessible within China due to local regulations, bad actors are actively exploiting this gap, flooding the market with phishing applications targeting crypto investors.According to a blockchain security firm SlowMist, a group of Chinese scammers has recently started distributing a fake version of Skype — version 8.87.0.403 — for Android devices among multiple local marketplaces, such as 51pgzs, siyuetian, and others. They lure victims to believe they downloaded a legit version of the video chat application.Fake Skype application for Android on a Chinese marketplace | Source: MediumOnce the malicious application is installed, it obtains images from various directories on the Android phone and monitors in real-time for any new images. All the images stored on the victim’s device are then uploaded to the phishing gang’s backend interface.Analysts at SlowMist also learned that the gang behind the fake Skype application also targeted users in 2022 with its scam version of Binance, pointing out that both malicious applications have similar backend domain “bn-download3[dot]com.”“Further analysis revealed that ‘bn-download[number]’ is a series of fake domains used by this phishing gang specifically for Binance phishing, indicating that this gang is a repeat offender targeting Web3 specifically.”SlowMistIn addition to images, the malicious application sends data to bad actors’ backend, such as device information, user ID, and phone number. To make things worse, the fake Skype even monitors incoming and outgoing messages to see if they include TRON or Ethereum-type address format strings to replace them with addresses pre-made by the scammers automatically.A USDT wallet on TRON belonging to a malicious Chinese gang | Source: MediumSlowMist found out that the TRON chain address, which belongs to the scammers, had received nearly $193,000 in Tether (USDT) with 110 transactions, noting that funds are still coming in as the most recent transaction was on Nov 8, 2023. In general, most of the stolen funds were laundered through BitKeep’s Swap service, with the transaction fees covered by a user registered on the OKX crypto exchange, SlowMist emphasized#scammers.
536 Billion Shiba Inu (SHIB) Transferred by Binance: What's Happening?
Recent blockchain activity has revealed staggering transactions of Shiba Inu (SHIB) tokens by the cryptocurrency exchange Binance. The eye-popping sum of 536 billion SHIB has been transferred in rapid succession. Such enormous transfers are stirring up the community, leading to speculation about the possible reasons and implications for the SHIB market.Theories on fund transfersOne theory is that these transfers could be Binance moving funds between its own wallets for security reasons or for better fund management. Large exchanges often redistribute their assets to manage liquidity, ensure the safety of funds, or prepare for upcoming features or services.Another possibility is that Binance could be transferring these funds on behalf of a major client or a group of clients engaging in an institutional investment or a large-scale over-the-counter (OTC) trade. Such moves are usually done to minimize the impact on the market price and are often arranged away from the open market.The timing of these transfers coincides with a notable uptick in the price of SHIB. The SHIB market has recently witnessed an impressive surge, which could be partially attributed to these significant fund movements.SHIB price analysisLooking at the SHIB price chart, the token has experienced a bullish trend with a sharp increase in price. The price has risen above both the 50-day and 100-day moving averages — a bullish signal for traders and investors. The trading volume has also spiked, which corresponds with the large transfers, suggesting heightened market interest.The recent price action shows SHIB approaching a resistance level, which it will need to break through for the rally to continue. If it does, the momentum could carry the token to new highs. However, traders should be cautious, as rapid surges can often be followed by corrections if the price ascends too quickly without solid fundamental support.#SHIBs
2 Years Ago, Bitcoin Hit an All-Time High. Is Another Rally on the Way?
Let me take you back to a simpler time. On this day two years ago, Nov. 9, 2021, bitcoin maxis were sporting red laser eyes, FTX had just closed a $420 million funding round and rumor had it that dogecoin’s (DOGE) biggest fan, Elon Musk, may host an upcoming episode of “S and L.” On this day, just two short years ago, bitcoin (BTC) set its highest price ever.Bitcoin’s “all-time high” is a matter of debate. Depending on where you look, the high water mark will be different. Coinbase calls the top at $68,569 (Nov. 8, 2021 at 7:00 p.m.), CoinMarketCap says it’s $66,953 and your most trusted and trustworthy news and data provider, CoinDesk, notches it a little above $67,000.I, like many, tend to call the pico top at $69,000 – because it’s okay to round up to the meme number, and because consensus in such a fragmented and illiquid market is really a subjective matter (involving where to draw the line about which exchanges to follow and data sources to watch.)The price itself, in retrospect, hardly matters. What was important at the time was that bitcoin was trading up. It was rallying, on an upswing fostered by a collective belief. Many truly thought that bitcoin wouldn’t stop, that $100,000 was soon on the way if we all just believed hard enough. Hence the laser eyes.It’s now commonly understood that this most historic of rallies was fueled by COVID-era stimulus, boredom and historically low interest rates. That crypto could be impacted by macroeconomic fluctuations was a bitter pill to swallow. Thought to be an inflation hedge, BTC instead traded like many other assets on the far-end of the risk curve.The months leading up to November 2021’s ATH were a period of “irrational exuberance,” to steal a phrase from Nobel laureate Robert Shiller. Heads of state at the time were seriously concerned about the risks crypto posed to the wider financial system. Jon Cunliffe, then (like now) Bank of England’s deputy governor, likened the multi-trillion dollar crypto market to the subprime mortgage industry in 2008.There were few actual use cases for crypto, yet a ton of leverage in the system. Crypto, for better or worse, is primarily a market built for speculators. The chief innovations that have come from over a decade of technical research, billions in venture financing and tens of thousands of startups have been financial products like “perpetual swaps” and novel indexes (not to discount pioneering ZK tech).Cunliffe was correctly worried about the credit risks that had built up in crypto. It’s telling that the first wave of bankruptcies after the market crashed were the centralized lending firms like Celsius and BlockFi. And that FTX’s chief undoing was stacking billions in loans on illiquid collateral. But he was wrong about the potential knock on effects of crypto cratering.Although pension funds, hedge funds and millions of Americans were invested in crypto, the market itself remained insular.Today, crypto appears to have decoupled somewhat from the wider economy. While bitcoin hit its all-time high during the same period that the benchmark equity index S&P 500 was cresting on a decade-long bull run, it started trading up at a time when some said “Tech was in a Recession.” Bitcoin is up well over 100% year-to-date, and altcoins are rallying right alongside it.Much of the excitement about bitcoin is being driven by the “narrative” of growing institutional interest. This isn’t entirely a false story: a number of significant Wall St. firms like BlackRock, VanEck and Fidelity are poised to launch crypto-based exchange-traded funds. Banks are building on blockchains, and “tokenization” has become a finance bro buzzword.Few people are still talking about crypto’s “banking problems,” and the industry successfully collaborated to dispel a dangerous political movement trying to link Hamas funding to crypto. Ask any white-collar commuter in Grand Central what they think about crypto and it’ll likely be “well, it’s not going away.”It likely remains the case that in the long term, crypto prices are still driven by macroeconomic forces. Bitcoin hit a low and traded sideways while Fed Chair Jerome Powell was raising rates, and it’s still an open question how the asset, launched as a reaction the greed and macroeconomic policies that kickstarted Great Financial Crisis, will fare in an official recession, which could come next year.In other words, despite signs of a thaw, crypto winter may not be over. There’s hope that the months-long deep freeze drove out the riff-raff, while the brightest minds continued to build. And while a “killer app” hasn’t been found, it’s clear enough the industry has a committed user base. But along with the institutional capital, supposedly waiting on the sidelines to be deployed after a BTC ETF goes live, are likely another wave of speculators and scammers.I don’t know if crypto’s increasing institutionalization will finally prove Cunliffe right about the risks crypto poses to the wider economy. If prices continue to rip without an actual cause, like an actual use case, it can only be explained by speculation — another round of the “greater fool” fearing FOMO.But I can say if bitcoin hits $100,000 because of an ETF, it might cost its soul.
Bitcoin 'Short Squeeze' Bumps Prices to Nearly $37K as Spot ETF Hopes Strengthen
Over $62 million in bitcoin shorts were liquidated in the past 24 hours, contributing to higher prices.
Bitcoin (BTC) prices crossed the $36,000 mark for the first time since May 2022 on Thursday, extending the largest digital asset's rally.
Data shows just under $50 million in liquidations occurred in a four-hour period during early Asian trading hours, creating a “short squeeze” that drove prices higher. Shorts refer to bets against price rises in futures trading.
A short squeeze is an unusual condition that triggers a rapid price rise in any asset – typically beginning when the price jumps higher unexpectedly and short sellers exit their positions, leading to a buying flywheel.
Over $21 million of those shorts were wiped on futures exchange BitMEX, followed by OKX and Binance. This suggests the move could have been driven by market trades based in Asia, where these exchanges enjoy a relatively large user base.
Liquidation refers to when an exchange forcefully closes a trader’s leveraged position due to a partial or total loss of the trader’s initial margin. It happens when a trader is unable to meet the margin requirements for a leveraged position (fails to have sufficient funds to keep the trade open).
The surge came as reports of the Securities and Exchange Commission (SEC) beginning talks with fund manager Grayscale emerged late Wednesday.
The firm’s Grayscale Bitcoin Trust GBTC, a regulated bitcoin product that holds billions of dollars worth of BTC, could be on track for conversion to a spot ETF – which is widely expected to be a milestone that could ease everyday investors' path into crypto investing.
Elsewhere, analysts at Bloomberg Intelligence double-downed on expectations of a spot bitcoin exchange-traded fund (ETF) approval in the U.S., reiterating a “90% chance” of a January launch.
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