🔼 Demand for $BTC is still high The endlessly optimistic C | TopCryptoNews on Binance Square

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🔼 Demand for $BTC is still high
The endlessly optimistic CEO of CryptoQuant says that the apparent demand for BTC remains very high.

😬 However, you can’t tell this from the market situation.

#BTC #Bitcoin 

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🐋 Whale’s $20M position on $SUI may liquidate, leading to a deeper market slide A whale’s $20M long position is in jeopardy, as SUI hovers just above liquidation levels. The position may cause a further slide, as SUI goes down from its recent all-time peak. A whale’s leveraged position on SUI is threatened if the asset dips to $4.56. The whale has already received a warning for borrowing more than the limit, and for being close to the liquidation threshold. The whale deposited sSUI and SUI in two separate pools to borrow USDC and wUSDT. As of January 8, SUI hovered around $4.60, though with the occasional dip to a lower level. The crypto market moved sideways, as Bitcoin (BTC) and Ethereum (ETH) slid to a lower range, making other coins and tokens more volatile. SUI recently posted its all-time high at $5.33, leading whales to increase positions. The chain is one of the most active in the past year, attracting a new inflow of traders. SUI rallied along with the rest of the market in the last quarter of 2024. As a result of SUI’s expansion, the L1 chain acquired a thriving DeFi sector. The whale’s position relies on an ongoing positive price performance, as it was tied to a loan from SUI Lend. The whale deposited 4.1M SUI, or $19.3M, to borrow $14.4M in stablecoins. If the loan is liquidated, the whale will retain the stablecoins, while SUILend will become a custodian of the loan. The loan is not similar to a centralized long position, as the whale will not face a total loss. Additionally, the price pressure may be smaller, as the tokens are limited to the DeFi app. SUI has slowed down its rally, with open interest also going down from a recent peak above $800M, down to $676M. The asset is still expected to expand, as reflected by the 70% long positions. However, SUI may continue to contract as those long positions are attacked for liquidation. #SUI #Suinetwork

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Arbitrum’s largest liquidity manager Orange Finance loses $840k in hacker attack Arbitrum-based Orange Finance has lost $840,000 after hackers upgraded its contracts and drained funds. Orange Finance, a liquidity management protocol on the Arbitrum network, has been hacked, with losses totaling over $840,000. The team broke the news in an X post on Jan. 8, urging users to avoid interacting with the platform. 💬 Important Announcement – Jan. 8, 2025A hacker has taken over the admin address, upgraded the contracts, and transferred funds to their wallet.The team is not sure what happened and is currently investigating. The contract is no longer Orange.DO NOT interact with it… — Orange Finance January 8, 2025 According to the Orange Finance team, a hacker “has taken over the admin address, upgraded the contracts, and transferred funds to their wallet,” also confirming that the contract is no longer under Orange Finance’s control. The team is also “unsure of the details at this time,” the X post reads. In a follow-up post, the Orange Finance team said they contacted the hacker through an on-chain message, asking to “respond positively within 24 hours,” and promising that “no law enforcement agencies will be involved, and the matter will be treated as a white-hat hack.” 🚨 ALERT 0xOrangeFinance team has announced that a hacker has compromised the admin address, upgraded contracts, and transferred funds to their wallet on arbchain. Estimated loss is more than $840K so far!The team is investigating and unsure of the details at this time.… — Cyvers Alerts January 8, 2025 Blockchain analytics firm Cyvers Alert added that the hacker has already swapped the stolen funds into Ethereum (ETH). The Orange Finance team is still investigating the attack. Users are being told to revoke all contract approvals connected to Orange Finance to stay safe. Orange Finance is the largest liquidity manager on Arbitrum, which had more than $1.5 million in total value locked before the attack, per data from DefiLlama. #Arbitrum #ARB

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☹️ The market gives another opportunity to buy #BTC fell to $95.4k and the entire market with it. 🔽 The alta is feeling especially bad; even the one that showed strength during previous falls has given in.

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🐶 $DOGE , $PEPE , $SHIB Price Action: DOGE’s Surge, PEPE Channel, SHIB Rally DOGE, PEPE, and SHIB prices have entered a cooling phase as traders secure profits following an intense rally. At present, DOGE targets a 160% surge, PEPE is testing its trend channel, and SHIB is on the verge of a breakout. 🔸 #DOGE ’s Uptrend Remains Intact Despite the pullback, bullish sentiment persists, especially for DOGE, which analysts project could see a potential 160% surge. After bouncing from its support zone, the OG meme coin remains within bullish parameters, targeting $0.73 as the next major resistance. While some traders have begun trimming positions to mitigate potential risks, the overall trend indicates upward momentum remains intact. 🔸 #PEPE ’s Channel Holds Key PEPE, on the other hand, faces a more precarious situation as it clings to its trend channel. Experts have warned that a breakdown could send the price crashing toward the 0.000016 zone, intensifying selling pressure. Hence, maintaining its trend channel is key to its upward momentum. Analysis of the 4-hour chart reveals a clear upward channel, with the price at $0.000001865 USDT. While recent trading shows an 11% decline, the channel structure remains intact. Resistance at the upper boundary is a key hurdle PEPE must surpass for a potential rebound. 🔸 #SHİB Approaches Resistance, Eyes Breakout Potential Shiba Inu’s case is equally compelling with the memecoin’s price nearing a critical resistance line. A successful breakout could ignite a substantial rally, potentially pulling in fresh inflows of capital. A failure to clear this level may push the token into consolidation, leaving traders and investors awaiting clarity. With profit-taking dominating the market, all eyes are on these meme coins. The next few days will likely define whether DOGE achieves its ambitious target, PEPE sustains its channel, or SHIB breaks resistance to initiate a fresh rally.

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