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📉💰 Bitcoin's Wild Ride: $256M in Longs Liquidated — What's Next? 💰📉 Bitcoin's recent tumble, shedding over 7% in 24 hours, left long-position traders nursing $256 million in losses. Yet, seasoned analysts aren't hitting the panic button just yet. 💼 "Normal drop," says analyst Benjamin Cowan. Indeed, volatility is par for the course in Bitcoin's journey. 🌪 "Chaos is good for Bitcoin," quips MicroStrategy's Michael Saylor, echoing the sentiment of resilience. 📈 Rekt Capital predicts a bounce-back after the storm. Brace for a dip, then watch Bitcoin soar. Despite the rollercoaster, Bitcoin steadied at $62,060 after briefly dipping to $60,919 on April 13. Currently hovering around $63,858, it's showing signs of recovery. The sell-off triggered $319.15 million in liquidations, with the majority from long positions. And while traders prepare for potential further downturns, the fear and greed index sits at a cautious 72. 🌐 The global crypto market cap took an 8% hit, now at $2.23 trillion, reflecting broader market turbulence. Despite the shake-up, demand from Bitcoin whales is strong, exceeding available supply. Post-halving, scarcity may drive Bitcoin's value even higher. In the midst of uncertainty, Bitcoin remains a beacon of resilience and opportunity in the crypto sphere. Strap in for the ride! 🚀 #bitcoinhalvingn #BTC #CryptoMarketTrend #InvestmentInsights 📉💼🌐$BTC

📉💰 Bitcoin's Wild Ride: $256M in Longs Liquidated — What's Next? 💰📉

Bitcoin's recent tumble, shedding over 7% in 24 hours, left long-position traders nursing $256 million in losses. Yet, seasoned analysts aren't hitting the panic button just yet.

💼 "Normal drop," says analyst Benjamin Cowan. Indeed, volatility is par for the course in Bitcoin's journey.

🌪 "Chaos is good for Bitcoin," quips MicroStrategy's Michael Saylor, echoing the sentiment of resilience.

📈 Rekt Capital predicts a bounce-back after the storm. Brace for a dip, then watch Bitcoin soar.

Despite the rollercoaster, Bitcoin steadied at $62,060 after briefly dipping to $60,919 on April 13. Currently hovering around $63,858, it's showing signs of recovery.

The sell-off triggered $319.15 million in liquidations, with the majority from long positions. And while traders prepare for potential further downturns, the fear and greed index sits at a cautious 72.

🌐 The global crypto market cap took an 8% hit, now at $2.23 trillion, reflecting broader market turbulence.

Despite the shake-up, demand from Bitcoin whales is strong, exceeding available supply. Post-halving, scarcity may drive Bitcoin's value even higher.

In the midst of uncertainty, Bitcoin remains a beacon of resilience and opportunity in the crypto sphere. Strap in for the ride! 🚀

#bitcoinhalvingn #BTC #CryptoMarketTrend #InvestmentInsights 📉💼🌐$BTC

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🛠 Bitcoin Mining CEOs Optimistic Ahead of Halving: A Deep Dive 📊 Bitcoin mining CEOs maintain an optimistic outlook as the halving approaches, despite recent underperformance compared to Bitcoin itself. Here's a breakdown of their insights and expectations: 🚀 Bitcoin ETF Flows Impact Miner Stocks: Strong U.S. spot Bitcoin ETF flows have affected miner stocks, diverting retail liquidity away from them. CEOs believe the launch of ETFs has fueled a popular trade strategy of long spot Bitcoin ETFs and shorting miners, leading to underperformance. 💡 Post-Halving Opportunities: CEOs anticipate better performance for mining stocks post-halving, particularly for leading firms like CleanSpark, Marathon, Riot Platforms, and Cipher Mining. They expect consolidation in the industry, with only four major public miners likely to emerge. 💰 Revenue Outlook Pre-Halving: Despite concerns about the halving's impact on revenue, Bitcoin's substantial price rise this year has kept dollar revenues near all-time highs for miners. Transaction fee revenues, fueled by increased blockchain activity, provide additional support. ⚙️ AI Demand and Diversification: Growing demand for AI applications presents both challenges and opportunities for miners. While it helps reduce ASIC chip costs, it also intensifies competition for acquiring sites. Miners are exploring AI data center opportunities to diversify revenue streams. 💼 Bitcoin's Recent Price Action: Bitcoin has faced an 8.7% drop amid geopolitical tensions, currently trading around $66,016. However, analysts suggest that these levels could be attractive for investors, barring further surprises. 🔍 Outlook and Expectations: With the halving headwind expected to be temporary, coupled with increased market share, strong revenues, and capacity pipeline, analysts foresee 12 months of outperformance for top public miners compared to Bitcoin. Follow for more updates and insights into the crypto market, and consider supporting our work with a small tip! 🌐💰📈$BTC #bitcoinhalving #BullorBear #Memecoins
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Solana leads crypto recovery despite global stock tumble over geopolitical concerns The native cryptocurrency of the Solana network has led a rebound in the cryptocurrency market after major tokens dipped amid concerns over a wider conflict in the Middle East. Solana gained over 6% in the past 24 hours and was changing hands for $154.34 at 4:25 a.m. ET. Bitcoin increased 2.56% and ether gained over 5% in the same period, according to The Block's Price Pages.  This was seen across the wider market. The total cryptocurrency market cap posted an increase of 4.0% in the last 24 hours, and is currently standing at $2.55 trillion, according to CoinGecko. The GM 30 Index, representing a selection of the top 30 cryptocurrencies, increased by 4.26% to 135.57 in the past 24 hours. Sunday's QCP Capital report noted the recovery from Saturday's lows. "It is likely that bitcoin was used as a weekend proxy macro hedge and therefore bore the full brunt of the immediate risk-off reaction at the weekend. Bitcoin has since traded back above $64,000 and ether is above $3000," QCP Capital analysts said. Global markets tumble amid conflict escalation As the reports of potential upcoming drone strikes came in on April 12, U.S. stocks closed lower at the end of trade, with the Nasdaq down 1.62%, the Dow Jones Industrial Average dropping by 1.24% and the S&P 500 falling 1.46%. On April 14, the United Nations issued a warning that the Middle East is "on the brink" of a potentially devastating all-out conflict — with Israel vowing to "exact a price" against Iran after Saturday's drone and missile attack. At the time, crypto prices also fell significantly. This morning, London’s FTSE 100 opened 41.56 points lower, down 0.5%, at 7,954. In Asia, the Hang Seng in Hong Kong, Japan's Nikkei and the Kospi in South Korea were all more than 1% lower in morning trading hours. $SOL #Memecoins $BTC #BullorBear
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