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In the past 24 hours , 87,561 traders were liquidated , the total liquidations comes in at $248.34 million The largest single liquidation order happened on Bitmex - XBTUSD value $4.97M Crypto liquidation refers to the process of forcibly closing a trader's positions in the cryptocurrency market. It occurs when a trader's margin account can no longer support their open positions due to significant losses or a lack of sufficient margin to meet the maintenance requirements. When a trader's account falls below the required margin level, the exchange or brokerage platform may initiate the liquidation process. This means that the trader's positions will be forcibly closed at the market price to cover losses and outstanding debts. The liquidation process aims to protect both the trader and the exchange from further losses. By closing the positions, it helps ensure that the trader does not accumulate more debt and that the exchange can recover the owed funds. The liquidation can happen automatically or be triggered by reaching predetermined margin thresholds set by the exchange. It's important to note that crypto liquidation can result in significant financial losses for the trader. Therefore, it's crucial for traders to manage their risk effectively, monitor their margin levels, and employ risk management strategies to avoid or mitigate the possibility of liquidation. What is Rekt in crypto? In the context of cryptocurrency, "Rekt" can be referred to as "liquidation" in professional terms. "Rekt" is a slang term commonly used in the cryptocurrency community to describe a situation where a trader or investor suffers significant losses or gets "wrecked" financially. It is derived from the word "wrecked" and is used to express the idea of someone being ruined or destroyed due to their poor trading decisions or unfortunate market movements. When someone says they got "Rekt" in crypto, it typically means that they experienced a substantial loss in their cryptocurrency investments or trades.
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Altcoins Pumping as Sui, Uniswap Rise 20%+, Expert Tips Best Wallet Token to Explode The crypto market is on fire again – with “altcoin season” potentially here. Bitcoin has pushed back above $100,000, although smaller coins are making the biggest moves. Layer-1 project Sui and DeFi staple Uniswap are both up over 20% in the past day. And they’re not alone – with one crypto expert tipping the new Best Wallet token to explode in early 2025. SUI Price Surges 35% – What’s Driving the Rally? Sui is having a massive day, with its price up 32% to $4.79 and nearly hitting $5 for the first time. The token’s momentum took a hit late last week, but it has bounced back, pushing above a $14 billion market cap. That makes SUI the 16th largest crypto in the world. What’s really drawing attention is the high trading volume the token is generating – SUI just passed Chainlink to crack the top 10 most traded coins. 🎉 Today, Sui's total DEX volume broke $35,000,000,000 AND 🎉 set a new 24-hour record for DEX volume: more than $466,000,000! Builders and users continue to push the boundaries of Sui DeFi – and we're just getting started. pic.twitter.com/LmBuc9EdOx — Sui (@SuiNetwork) December 11, 2024 Behind the scenes, a couple of big moves are driving the rally. Backpack, a popular crypto exchange and wallet, was integrated with the Sui blockchain yesterday. That news alone sent SUI rising as traders got excited about new projects coming to the network. Then there’s the explosion in trading – Sui’s DEXs just hit $35 billion in total volume, with a single-day record of $466 million, showing just how much action the network is seeing. UNI Price Jumps 21% After Uniswap Adds BinancePay Integration Uniswap isn’t letting Sui steal the spotlight. The UNI token is up 21% to $18.48, and there’s plenty for traders to be excited about. After bouncing off support at $15 and breaking above the 50-period EMA, UNI is looking strong and closing in on last weekend’s peak, with just 6% left to go.
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Donald Trump declared, “We’re going to do something great with crypto,” after opening the NYSE, emphasizing U.S. leadership to outpace China and other countries in digital assets. Cryptocurrency Leadership: Trump’s Pro-Bitcoin Stance Sparks Market Optimism President-elect Donald Trump commenced Thursday’s trading session at the New York Stock Exchange by ringing the opening bell, signaling his focus on economic initiatives. Following the event, CNBC Mad Money host Jim Cramer interviewed Trump, addressing his strategic plans to bolster the American economy. Cramer highlighted the Trump administration’s shift toward embracing cryptocurrency compared to the previous one and questioned whether a concept similar to the Strategic Petroleum Reserve could apply to crypto. Trump replied: Yeah, I think so, we’re going to do something great with crypto because we don’t want China or anybody else – not just China, but others are embracing it and we want to be the head. He further articulated his vision: “We’re going to be ahead of AI, we’re going to be way ahead of AI, and we’ve got to produce tremendous amounts of electricity.” Financial markets have responded strongly to Trump’s positioning on cryptocurrency, with bitcoin recently surpassing the $100,000 threshold—a milestone driven by market optimism surrounding his pro-digital asset policies. Key among these policies is the establishment of a strategic bitcoin reserve, leveraging approximately 200,000 BTC currently held by the U.S. government through prior forfeitures and seizures. This initiative aims to cement the U.S. leadership in the global cryptocurrency landscape. Trump’s recent nomination of Paul Atkins to chair the Securities and Exchange Commission (SEC) signals a potential paradigm shift in regulatory oversight. Atkins, a former SEC commissioner with a track record of advocating for lighter-touch regulation, is expected to bring a more accommodative approach to the cryptocurrency and fintech industries.
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$EIGEN EigenLayer (EIGEN) Price Prediction 2024, 2025, 2026-2030 Bullish EIGEN price prediction for 2024 is $4.350 to $5.260. EigenLayer (EIGEN) price might reach $5 soon. Bearish EIGEN price prediction for 2024 is $3.071. EigenLayer (EIGEN) price prediction 2024, 2025-2030, we will analyze the price patterns of EIGEN by using accurate trader-friendly technical analysis indicators and predict the future movement of the cryptocurrency. EigenLayer (EIGEN) is a decentralized protocol built on the Ethereum blockchain that enhances the security and scalability of various blockchain applications. It allows users to “re-stake” their existing Ethereum (ETH) holdings, enabling them to secure additional services while maintaining liquidity through liquid staking. The EIGEN token serves multiple purposes within the protocol. It acts as a universal intersubjective work token that enables security for digital tasks verifiable by multiple observers. Unlike traditional work tokens tied to specific tasks, EIGEN covers a broader range of tasks. It enables staking against intersubjective faults, performing validation tasks across Actively Validated Services (AVS), and incentivizing or penalizing operators based on performance. EigenLayer (EIGEN) is a decentralized protocol built on the Ethereum blockchain that enhances the security and scalability of various blockchain applications. It allows users to “re-stake” their existing Ethereum (ETH) holdings, enabling them to secure additional services while maintaining liquidity through liquid staking. The EIGEN token serves multiple purposes within the protocol. It acts as a universal intersubjective work token that enables security for digital tasks verifiable by multiple observers. Unlike traditional work tokens tied to specific tasks, EIGEN covers a broader range of tasks. It enables staking against intersubjective faults, performing validation tasks across Actively Validated Services (AVS), and incentivizing or penalizing operators based on performance.
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Who Are The Best Binance Traders? Binance is one of the largest cryptocurrency exchange platforms in the world like Bitstamp, attracting the best Binance traders. It’s difficult to determine who the best Binance traders are, as performance varies according to many factors, such as trading strategies, cryptocurrency choices and market conditions. However, there are some traders who have gained popularity on the platform because of their impressive results. These include : StellarMom is one of the best experienced Binance traders who has achieved outstanding results trading cryptocurrencies on Binance. mrwin68 is a trader specializing in ICOs (Initial Coin Offerings), who has also enjoyed great success on the Binance platform. NguyenDinhTamBkhn is a trader who has had an impressive performance trading cryptocurrencies on Binance, with a trading strategy based on technical analysis. RosePremiumSignal is a trader who focuses on altcoins and lesser-known tokens, and has achieved impressive results on Binance. Ketepeng is a trader who uses a trading strategy based on fundamental analysis to select potentially undervalued cryptocurrencies. Copy trading is a 100% free trading method that allows novice traders to follow the trades of experienced traders by automatically copying their positions on the crypto market. Wall Of Traders is a 100% free copy trading platform that allows users to follow and copy the trading strategies of experienced traders in the crypto-currency market. The Wall Of Traders platform works by selecting successful traders and offering users the possibility of automatically copying their positions. The top Binance traders with the best results are ranked according to their performance, trading history and experience. Users can then select the traders who best match their trading objectives and start copying their positions. Wall Of Traders also allows users to manage their trading portfolio from a personalized dashboard, which provides an overview of open positions, the performance of each trader tracked and analytical data.
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BNB Drops Below 710 USDT with a Narrowed 0.41% Increase in 24 Hours
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Ethereum(ETH) Drops Below 3,900 USDT with a Narrowed 2.26% Increase in 24 Hours
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