🚨 Market Mayhem: Over 290,000 Traders Liquidated in 24 Hours! 📉💰
In a shocking turn of events, the cryptocurrency market has seen a staggering wave of liquidations, with **294,021 traders** facing the harsh reality of margin calls in the past 24 hours! 😱 This massive sell-off has resulted in a jaw-dropping total of **$824.85 million** in liquidations, sending ripples through the trading community.
The most significant blow came from a single liquidation order on Binance, where a massive **ETH position valued at $11.78 million** was wiped out! 💥 This incident highlights the extreme volatility that can grip the crypto markets, leaving both seasoned traders and newcomers reeling.
As traders brace for further fluctuations, the question on everyone's mind is: what’s next for the crypto landscape? Stay tuned as we keep you updated on this developing story! 📊🔍
1. **Bitcoin (BTC)** - **Country:** Unknown (created by Satoshi Nakamoto) - **Founder:** Satoshi Nakamoto (pseudonymous) - **Launch Year:** 2009 - **Overview:** The first and most widely recognized cryptocurrency, Bitcoin introduced the concept of blockchain technology.
2. **Ethereum (ETH)** - **Country:** Switzerland - **Founders:** Vitalik Buterin, Gavin Wood, Joseph Lubin, and others - **Launch Year:** 2015 - **Overview:** A decentralized platform that enables smart contracts and decentralized applications (dApps) to be built and run without any downtime.
3. **Binance Coin (BNB)** - **Country:** Malta (originally launched in China) - **Founder:** Changpeng Zhao (CZ) - **Launch Year:** 2017 - **Overview:** Initially created as a utility token for the Binance cryptocurrency exchange, it now powers the Binance Smart Chain.
4. **Cardano (ADA)** - **Country:** Switzerland - **Founder:** Charles Hoskinson - **Launch Year:** 2017 - **Overview:** Known for its research-driven approach, Cardano aims to provide a more secure and scalable blockchain and supports smart contracts.
5. **Tether (USDT)** - **Country:** British Virgin Islands - **Founders:** Brock Pierce, Reeve Collins, and Craig Sellars - **Launch Year:** 2014 - **Overview:** A stablecoin that is pegged to the US dollar, Tether is widely used for trading and as a stable store of value
6. **Solana (SOL)** - **Country:** USA - **Founders:** Anatoly Yakovenko, Greg Fitzgerald, and others - **Launch Year:** 2020 - 7. **XRP (XRP)** - **Country:** USA (Ripple Labs) - **Founders:** Chris Larsen and Jed McCaleb - **Launch Year:** 2012 - **Overview:** Designed for facilitating cross-border payments, XRP aims to provide a seamless experience between different currencies.
9. **Dogecoin (DOGE)** - **Country:** USA - **Founders:** Billy Markus and Jackson Palmer - **Launch Year:** 2013
“ From Taxes to Tolls: The price of living in India” .
🚺 **No Women’s Security?** Don’t go out alone! 🌊 **No Water?** Call a tanker! 💧 **No Pure Water?** Buy a water filter! 🛣️ **No Proper Roads?** Pay tolls! 🏫 **No Good Government Schools?** Enroll in private schools and cover fees for underprivileged students! 🏥 **No Facilities in Government Hospitals?** Go to private hospitals! 💰 **High Fees in Private Hospitals?** Get health insurance! !
💸 **Want to Send Money Home?** Pay tax on remittances!
How long can we keep solving these issues on our own? 😟 Despite paying 60-70% in taxes! People need to hit the streets! ✊
In India, 👥 **Politicians = G-o-o-n-s. 💵 **Tax = Hafta (Protection Money)**
Let me know by liking it or commenting by How many Indians agree to it.
$XRP My XRP Short Trade: Expecting $1000 dollars with $1000.
Targeting $1.50 or $1.20 with 5X Leverage
Hey everyone! I’ve opened a short position on XRP at $2.20, and I’m aiming to take profits if it drops to around $1.50 or $1.20. I believe this trade will work because XRP is currently overbought, and the market sentiment looks bearish, meaning the price is likely to fall in the near term.
I’m using 5X leverage for this trade. If you want to try this strategy with $1,000, you would trade $500 worth of XRP with leverage and keep the other $500 in your account to balance the leverage and protect your position. This way, you can make the most of price movements without risking all your funds.
But overall, I’m confident this setup will work and I’m expecting a drop in price toward my targets of $1.50 or $1.20. I’ll keep an eye on the trade and update you all as it progresses. Always remember to manage your risks when using leverage, and stay tuned for more updates!
I wanted to share my current strategy for Dogecoin, as I'm seeing some promising price action. Here’s the breakdown:
Current Position
I’ve opened a **long position** with **10X leverage** at an entry price of **$0.127066**. With a higher liquidation level at **$0.12958**, I believe we might see a price push upwards to liquidate those positions.
Target Price
I’m aiming to take profits at **$0.12958**. This level aligns well with the liquidation point, which could create upward momentum.
XRP Trading Update: Short Position Strategy : $XRP
Hey Binance community! 🚀
I wanted to share my current strategy for XRP, as I'm seeing some interesting price action. Here’s what’s happening:
Current Position I’ve opened a short position with **10X leverage** at an entry price of **$0.6546**. With significant liquidation levels around **$0.6143**, I’m confident that we could see a downward move.
### Target Price My target is set at **$0.6015**. I believe this level is achievable based on current market dynamics and technical indicators. It’s all about timing the market right!
Strategy Overview - **Entry Price:** $0.6546 - **Leverage:** 10X - **Target Price:** $0.6015 - **Liquidation Level:** $0.6143 I’ll be monitoring the market closely to adjust my strategy as needed. What are your thoughts on XRP’s movement? Let’s discuss! Happy trading! 💰
Liquidation Levels and Future Projections As of now, Bitcoin (BTC) is trading at approximately $65,480, showing heightened market activity and increased liquidation levels. With the current volatility, many analysts predict that Bitcoin could soon reach the critical liquidation threshold of $65,000, which may trigger further market dynamics. ## Bitcoin's Liquidation Levels Bitcoin's recent price action has been marked by significant liquidations. The higher the liquidation levels, the more susceptible the asset becomes to sharp price movements. This is particularly pertinent as traders who are heavily leveraged may be forced to exit their positions if Bitcoin dips below the $65,000 mark. Such liquidations could create a cascade effect, leading to more selling pressure and driving the price down temporarily. ### Price Projection With the current price hovering around $65,480, Bitcoin is in a precarious position. If it reaches the liquidation point of $65,000, it may not only trigger forced selling but could also push the price lower as market sentiment shifts. Traders should be prepared for potential volatility in the coming days, as any breach of this level may lead to a rapid decline, further exacerbating the liquidation scenario. ## Ethereum’s Trend and Potential Dip On the other hand, Ethereum (ETH) is currently priced at approximately $2,655. Market analysis suggests that ETH may experience a minor pullback, with projections indicating a potential dip to around $2,614 or even $2,612. This anticipated decrease could be a result of profit-taking by traders or a broader market correction, especially in light of Bitcoin’s volatility. ### Technical Analysis Ethereum has shown resilience in its price movements, but the correlation with Bitcoin’s performance is undeniable. If Bitcoin experiences a downward trend, Ethereum may follow suit, leading to a testing of support levels near $2,614. Traders should monitor these levels closely, as they may offer a buying opportunity if the market shows signs of stabilization.
Bitcoin price prediction at 26 September 2024 at 8:12PM IST
Long and short positions to enter:
🚨Short position : 65,100 to 65,600 ( If price will be in between nothing to worry, it may again come back down)
Leverage: 5-10X
Closing position : $BTC 63,778
Reason : More than 100Million liquidation will be done. So, the price will come down to liquidate those entries.
🧿Long position : I better suggest not to enter in long today anymore until it reaches 63,800.
There are many positions where we can enter but you need to have more technical analysis for that. So, I suggest whoever new and beginner level not to enter any positions.
I always give Bitcoin predictions because I trust bitcoin, I feel so safe to trade bitcoin rather than other coins.
Gaining constant daily income in Bitcoin is easy than gambling with other coins.
Note: Don’t use higher leverage. I suggest 5-10X leverage. Don’t trade entire capital at a time. No one became millionaire in single day.
I’m entering a short position at $64,450 with 15X leverage with 5% of my capital.
There isn’t much left to liquidate. So, I feel bitcoin will come down. It will won’t happen max or try to reach 65,000 and will pull back down. If it reaches $BTC 65,130 then the house gets 49Million liquidation from current price.
If the downtrend starts from now then there is higher amount of liquidation will be there.
At $64,690 - 14Million At $63,200 - 20Million At $62,450 to 62,550 - 45Million.