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Beware of sudden and violent market fluctuations! The largest Bitcoin options contract in history is about to expire...On Tuesday (December 24), Bitcoin fell back to around $94,200 to take a breather. Bullish signals from the "Trump Trade" were frequent, but traders remained cautious. Singapore's crypto investment agency QCP Capital warned that nearly $20 billion in notional value of Bitcoin and Ethereum options will expire on Friday, the largest in history. QCP pointed out that after a wash last week, the spot price of Bitcoin continued to fluctuate sideways as the holiday approaches. Although the market seems calm on the surface this week, all eyes are on the upcoming large-scale options expiration event on Friday. At that time, nearly $20 billion in notional value of Bitcoin and Ethereum options will expire.

Beware of sudden and violent market fluctuations! The largest Bitcoin options contract in history is about to expire...

On Tuesday (December 24), Bitcoin fell back to around $94,200 to take a breather. Bullish signals from the "Trump Trade" were frequent, but traders remained cautious. Singapore's crypto investment agency QCP Capital warned that nearly $20 billion in notional value of Bitcoin and Ethereum options will expire on Friday, the largest in history.

QCP pointed out that after a wash last week, the spot price of Bitcoin continued to fluctuate sideways as the holiday approaches. Although the market seems calm on the surface this week, all eyes are on the upcoming large-scale options expiration event on Friday. At that time, nearly $20 billion in notional value of Bitcoin and Ethereum options will expire.
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ETH/BTC Shows Bullish Signals: Here are the Key Levels to WatchETH/BTC is trading in a bullish pattern on a monthly timeframe, which could influence a positive price movement. As more traders hold a bullish view, buying activity is strengthening. Ethereum [ETH] has performed mediocre recently. According to Trading View data, after reaching a peak of $4,100 on December 2, ETH quickly fell by 20.13%, dropping to $3,200. This sharp decline indicates persistent selling pressure in the market. Despite the selling activity, a new bullish pattern has emerged—a high-probability setup, suggesting that as buyers step in to push prices higher, sellers may soon lose their dominance.

ETH/BTC Shows Bullish Signals: Here are the Key Levels to Watch

ETH/BTC is trading in a bullish pattern on a monthly timeframe, which could influence a positive price movement.
As more traders hold a bullish view, buying activity is strengthening.
Ethereum [ETH] has performed mediocre recently. According to Trading View data, after reaching a peak of $4,100 on December 2, ETH quickly fell by 20.13%, dropping to $3,200. This sharp decline indicates persistent selling pressure in the market.
Despite the selling activity, a new bullish pattern has emerged—a high-probability setup, suggesting that as buyers step in to push prices higher, sellers may soon lose their dominance.
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MicroStrategy once again buys 5,262 Bitcoins, undeterred by price pullbacksAccording to a post by MicroStrategy founder Michael Saylor on X, the company announced on Monday that it has purchased Bitcoin again, this time acquiring 5,262 BTC with a budget of less than $1 billion. This acquisition is more conservative compared to past large-scale purchases, buying at an average price of $106,662 per coin, which falls within the high point before the Bitcoin pullback, having a relatively minor impact on the position. The company's current Bitcoin holdings have reached 444,262 BTC, most of which were purchased before the recent decline in Bitcoin prices. To date, MicroStrategy has spent a total of $27.7 billion on Bitcoin, and its current value has increased to $42.6 billion. Even though Bitcoin prices have recently declined, the profits remain astonishing, with a cumulative increase of 54%.

MicroStrategy once again buys 5,262 Bitcoins, undeterred by price pullbacks

According to a post by MicroStrategy founder Michael Saylor on X, the company announced on Monday that it has purchased Bitcoin again, this time acquiring 5,262 BTC with a budget of less than $1 billion. This acquisition is more conservative compared to past large-scale purchases, buying at an average price of $106,662 per coin, which falls within the high point before the Bitcoin pullback, having a relatively minor impact on the position.

The company's current Bitcoin holdings have reached 444,262 BTC, most of which were purchased before the recent decline in Bitcoin prices. To date, MicroStrategy has spent a total of $27.7 billion on Bitcoin, and its current value has increased to $42.6 billion. Even though Bitcoin prices have recently declined, the profits remain astonishing, with a cumulative increase of 54%.
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ZEN has doubled in value by rising for three consecutive days against the trend; is the 'Grayscale Effect' re-emerging?Recently, Grayscale launched the Optimism Trust and the Lido Trust. Among its trust funds, SUI and ZEN also experienced pullbacks, but the upward momentum did not diminish. Are the trust funds launched by Grayscale a collection of blue-chip coins? Can they be profitable in the long run? This article takes you through the 26 cryptocurrency trusts currently launched by Grayscale and their investment returns. Overview of Grayscale Cryptocurrency Trusts Grayscale is a digital asset management company established in 2013, primarily offering various cryptocurrency trust funds aimed at providing investors with legal and regulated investment channels. As one of the largest crypto asset management companies in the world, it manages assets worth billions of dollars. As of now, Grayscale has launched 26 cryptocurrency trusts.

ZEN has doubled in value by rising for three consecutive days against the trend; is the 'Grayscale Effect' re-emerging?

Recently, Grayscale launched the Optimism Trust and the Lido Trust. Among its trust funds, SUI and ZEN also experienced pullbacks, but the upward momentum did not diminish. Are the trust funds launched by Grayscale a collection of blue-chip coins? Can they be profitable in the long run? This article takes you through the 26 cryptocurrency trusts currently launched by Grayscale and their investment returns.
Overview of Grayscale Cryptocurrency Trusts
Grayscale is a digital asset management company established in 2013, primarily offering various cryptocurrency trust funds aimed at providing investors with legal and regulated investment channels. As one of the largest crypto asset management companies in the world, it manages assets worth billions of dollars. As of now, Grayscale has launched 26 cryptocurrency trusts.
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Animoca founder Yat Siu reveals Moca network plan, MOCA coin rises 15%Animoca Brands founder Yat Siu announced a two-phase reward plan for the MOCA token. This was part of the Christmas holiday celebrations. Although Siu's post in July did not reach 2,000 retweets, he made a point to celebrate the successful launch of the Moca Network. The announcement sparked excitement in the Web3 community, causing the MOCA price to surge 15% as the token continued its impressive monthly growth. Animoca founder launches MOCA rewards during Christmas holidays On December 23, the founder of Animoca announced that he would give away free MOCA tokens to reward early post participants and the wider Moca community. According to the announcement, the free giveaway will be carried out in two phases, with the first phase giving priority to those who interacted with his initial post. For the second phase, Yat Siu invited the community to come up with suggestions for creative participation activities.

Animoca founder Yat Siu reveals Moca network plan, MOCA coin rises 15%

Animoca Brands founder Yat Siu announced a two-phase reward plan for the MOCA token. This was part of the Christmas holiday celebrations. Although Siu's post in July did not reach 2,000 retweets, he made a point to celebrate the successful launch of the Moca Network. The announcement sparked excitement in the Web3 community, causing the MOCA price to surge 15% as the token continued its impressive monthly growth.
Animoca founder launches MOCA rewards during Christmas holidays
On December 23, the founder of Animoca announced that he would give away free MOCA tokens to reward early post participants and the wider Moca community. According to the announcement, the free giveaway will be carried out in two phases, with the first phase giving priority to those who interacted with his initial post. For the second phase, Yat Siu invited the community to come up with suggestions for creative participation activities.
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Trump Also Loves 'Trading Coins', Who Will He Buy Next?Background: On-chain tokens are hot, but can tokens on centralized exchanges rise? Recently, Bitcoin's market share dropped from 60% to 55%, indicating the start of an altcoin season. There have been continuous hot topics recently, which can be described as a hundred flowers blooming: led by AI Agent, Virtuals Protocol peaked above $300 million in market value; the Solana ecosystem's ai16z also surpassed $1 billion in market value, while the Hyperliquid ecosystem token HYPE saw an increase of over 10 times. In terms of products, the exchange's open interest has repeatedly broken new highs, exceeding $4.3 billion. Even the NFT sector, which was almost forgotten by the market, has seen movement, with Magic Eden and Pudgy Penguins issuing tokens, driving up many ETH/SOL blue-chip NFT projects.

Trump Also Loves 'Trading Coins', Who Will He Buy Next?

Background: On-chain tokens are hot, but can tokens on centralized exchanges rise?
Recently, Bitcoin's market share dropped from 60% to 55%, indicating the start of an altcoin season. There have been continuous hot topics recently, which can be described as a hundred flowers blooming: led by AI Agent, Virtuals Protocol peaked above $300 million in market value; the Solana ecosystem's ai16z also surpassed $1 billion in market value, while the Hyperliquid ecosystem token HYPE saw an increase of over 10 times. In terms of products, the exchange's open interest has repeatedly broken new highs, exceeding $4.3 billion. Even the NFT sector, which was almost forgotten by the market, has seen movement, with Magic Eden and Pudgy Penguins issuing tokens, driving up many ETH/SOL blue-chip NFT projects.
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Tron's Justin Sun sells 50% of his ETH holdings, is a drop in Ethereum prices imminent?Tron founder Justin Sun has been selling off a large amount of his held ETH, and the Ethereum price plummeted 17% after being rejected at the $4,000 price point. In the past 7 days, Justin Sun has sold another 50% of his ETH, worth $143 million. Market analysts predict that ETH prices may again drop below $3,000 before regaining upward momentum. Tron's Justin Sun talks about the ETH sell-off frenzy Since Donald Trump won the election, Ethereum prices have regained upward momentum, and Justin Sun has started to sell off Ethereum in large quantities. This situation continued until last week when the Tron founder sold $143 million worth of ETH, causing Ethereum prices to drop more than 15% during the cryptocurrency market crash.

Tron's Justin Sun sells 50% of his ETH holdings, is a drop in Ethereum prices imminent?

Tron founder Justin Sun has been selling off a large amount of his held ETH, and the Ethereum price plummeted 17% after being rejected at the $4,000 price point. In the past 7 days, Justin Sun has sold another 50% of his ETH, worth $143 million. Market analysts predict that ETH prices may again drop below $3,000 before regaining upward momentum.
Tron's Justin Sun talks about the ETH sell-off frenzy
Since Donald Trump won the election, Ethereum prices have regained upward momentum, and Justin Sun has started to sell off Ethereum in large quantities. This situation continued until last week when the Tron founder sold $143 million worth of ETH, causing Ethereum prices to drop more than 15% during the cryptocurrency market crash.
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CZ shares news of UAE having 40 billion dollars in Bitcoin reserves: More than I imagined... Will BTC's good news explode?On Sunday (22nd) evening, Binance founder Zhao Changpeng (CZ) retweeted a report about the United Arab Emirates (UAE) holding 40 billion dollars worth of Bitcoin, sparking widespread discussion in the community. Fake news, or does CZ have insider information? However, the news shared by CZ immediately led some individuals to question it as "fake news." Cryptocurrency lawyer Irina Heaver commented: "There is nothing in this article that indicates the UAE holds Bitcoin; it looks like a randomly AI-generated article." In response, CZ said: "I also want to know how they arrived at the exact number; collecting this data is quite challenging."

CZ shares news of UAE having 40 billion dollars in Bitcoin reserves: More than I imagined... Will BTC's good news explode?

On Sunday (22nd) evening, Binance founder Zhao Changpeng (CZ) retweeted a report about the United Arab Emirates (UAE) holding 40 billion dollars worth of Bitcoin, sparking widespread discussion in the community.

Fake news, or does CZ have insider information?
However, the news shared by CZ immediately led some individuals to question it as "fake news." Cryptocurrency lawyer Irina Heaver commented: "There is nothing in this article that indicates the UAE holds Bitcoin; it looks like a randomly AI-generated article."
In response, CZ said: "I also want to know how they arrived at the exact number; collecting this data is quite challenging."
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According to CryptoQuant data, Bitcoin demand is growing rapidly, while seller liquidity has dropped to its lowest level since 2020, and market demand is exceeding supply. Since September 2024, monthly demand for Bitcoin has grown to 228,000 BTC, but the supply of Bitcoin available for sale has dropped significantly. These supply sources include crypto exchanges, over-the-counter trading platforms, miners and Grayscale Bitcoin Trust holdings Bitcoin In addition, long-term investors are also actively entering the market. The holdings of Bitcoin "accumulation addresses" have reached a new high of 495,000 BTC per month. At the same time, the Bitcoin inventory on the over-the-counter (OTC) platform has decreased by 26,000 BTC since November 20. Since a further reduction of 40,000 BTC, the analysis team believes that the OTC platform mainly serves institutions and large buyers, reflecting that demand significantly exceeds supply. As of now, the liquidity of Bitcoin sellers is only 33.97 million BTC, which has decreased by 678,000 BTC this year, further reducing the market selling pressure. In addition, the liquid inventory ratio (the number of months existing inventory can meet demand) has dropped from 41 months in October to 6.6 months, indicating that the Bitcoin market demand is growing rapidly, while supply and liquidity have significantly shrunk.
According to CryptoQuant data, Bitcoin demand is growing rapidly, while seller liquidity has dropped to its lowest level since 2020, and market demand is exceeding supply. Since September 2024, monthly demand for Bitcoin has grown to 228,000 BTC, but the supply of Bitcoin available for sale has dropped significantly. These supply sources include crypto exchanges, over-the-counter trading platforms, miners and Grayscale Bitcoin Trust holdings Bitcoin
In addition, long-term investors are also actively entering the market. The holdings of Bitcoin "accumulation addresses" have reached a new high of 495,000 BTC per month. At the same time, the Bitcoin inventory on the over-the-counter (OTC) platform has decreased by 26,000 BTC since November 20. Since a further reduction of 40,000 BTC, the analysis team believes that the OTC platform mainly serves institutions and large buyers, reflecting that demand significantly exceeds supply.
As of now, the liquidity of Bitcoin sellers is only 33.97 million BTC, which has decreased by 678,000 BTC this year, further reducing the market selling pressure. In addition, the liquid inventory ratio (the number of months existing inventory can meet demand) has dropped from 41 months in October to 6.6 months, indicating that the Bitcoin market demand is growing rapidly, while supply and liquidity have significantly shrunk.
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Bitcoin drops below $95,000, Ethereum falls below $3,300, with strong risk-averse sentiment in the market this Christmas week.Bitcoin rebounded from $92,268 to $99,500 on Saturday but then began another round of volatile decline, currently reporting a low of $94,300, down 3.19% in the last 24 hours; Ethereum also fell below $3,300, down 2.39% in the last 24 hours. In the last 24 hours, $270 million has been liquidated. In the context of a volatile decline, according to Coinglass data, over the past 24 hours, the total liquidation amount in the cryptocurrency market reached $270 million, with long positions liquidated at $204 million and short positions at $71 million, affecting over 106,000 individuals. The European and American markets may be relatively quiet this week.

Bitcoin drops below $95,000, Ethereum falls below $3,300, with strong risk-averse sentiment in the market this Christmas week.

Bitcoin rebounded from $92,268 to $99,500 on Saturday but then began another round of volatile decline, currently reporting a low of $94,300, down 3.19% in the last 24 hours; Ethereum also fell below $3,300, down 2.39% in the last 24 hours.

In the last 24 hours, $270 million has been liquidated.
In the context of a volatile decline, according to Coinglass data, over the past 24 hours, the total liquidation amount in the cryptocurrency market reached $270 million, with long positions liquidated at $204 million and short positions at $71 million, affecting over 106,000 individuals.

The European and American markets may be relatively quiet this week.
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Ethereum Faces Resistance Again at $4,000: What is the Outlook for ETH?Due to the cryptocurrency market crash yesterday, Ethereum (ETH) has faced rejection at the critical $4,000 resistance level three times since March 2024. The second-largest cryptocurrency by market capitalization is currently trading at $3,400, down 6.7% in the past 24 hours. What is the reason for Ethereum's poor price performance? Although ETH has seen a substantial increase year-to-date (YTD), reaching 47%, its growth has been surpassed by other major cryptocurrencies such as Bitcoin (BTC), Solana (SOL), and XRP, which have shown significantly higher gains during the same period. Several factors seem to hinder Ethereum's price momentum.

Ethereum Faces Resistance Again at $4,000: What is the Outlook for ETH?

Due to the cryptocurrency market crash yesterday, Ethereum (ETH) has faced rejection at the critical $4,000 resistance level three times since March 2024. The second-largest cryptocurrency by market capitalization is currently trading at $3,400, down 6.7% in the past 24 hours.
What is the reason for Ethereum's poor price performance?
Although ETH has seen a substantial increase year-to-date (YTD), reaching 47%, its growth has been surpassed by other major cryptocurrencies such as Bitcoin (BTC), Solana (SOL), and XRP, which have shown significantly higher gains during the same period. Several factors seem to hinder Ethereum's price momentum.
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ETH/BTC exchange rate rebounded 7.7%! 10 whales withdrew nearly 18,000 Ethereum, while the Trump family's WLF increased their position by $2.5 million.Last night (20th), the US PCE data was released showing lower than expected results, boosting the market's expectations for the Federal Reserve to cut interest rates in March next year, further driving the cryptocurrency market to stop falling and rebound. The price of Bitcoin rebounded from yesterday's $92,234 to $97,396 before the deadline, an increase of 5.6%; ETH, on the other hand, surged 11.8% from $3,101.9, currently reported at $3,462.91, with a near 24-hour increase of 1.61%. World Liberty Financial increased their position by 2.5 million ETH. One of the reasons for ETH's strong rebound is related to several whales making large purchases. According to Lookonchain monitoring, the Trump family's DeFi project World Liberty Financial (WLF) re-entered the market last night when Ethereum slightly recovered, spending 2.5 million USDC to purchase 759 ETH at an average price of about $3,290.

ETH/BTC exchange rate rebounded 7.7%! 10 whales withdrew nearly 18,000 Ethereum, while the Trump family's WLF increased their position by $2.5 million.

Last night (20th), the US PCE data was released showing lower than expected results, boosting the market's expectations for the Federal Reserve to cut interest rates in March next year, further driving the cryptocurrency market to stop falling and rebound.
The price of Bitcoin rebounded from yesterday's $92,234 to $97,396 before the deadline, an increase of 5.6%; ETH, on the other hand, surged 11.8% from $3,101.9, currently reported at $3,462.91, with a near 24-hour increase of 1.61%.

World Liberty Financial increased their position by 2.5 million ETH.
One of the reasons for ETH's strong rebound is related to several whales making large purchases. According to Lookonchain monitoring, the Trump family's DeFi project World Liberty Financial (WLF) re-entered the market last night when Ethereum slightly recovered, spending 2.5 million USDC to purchase 759 ETH at an average price of about $3,290.
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After Bitcoin falls below $94,000, the Bitcoin ETF faces a $671.9 million sell-off.Due to the cryptocurrency price crash, the Bitcoin ETF faced an outflow of $671.9 million, ending a 15-day streak of inflows. Fidelity and Grayscale lead the ETF sell-off, causing the cryptocurrency market to evaporate $1 billion within 24 hours. The U.S. Bitcoin [BTC] exchange-traded fund (ETF) saw a record single-day net outflow of $671.9 million on December 19. This is the largest outflow since its launch, ending the BTC ETF's 15-day streak of inflows and the Ethereum [ETH] ETF's 18-day streak of inflows. Data from Farside Investors shows that Fidelity's FBTC led the losses, with $208.5 million lost. Grayscale's GBTC and ARK Invest's ARKB followed closely, with outflows of $208.6 million and $108.4 million, respectively.

After Bitcoin falls below $94,000, the Bitcoin ETF faces a $671.9 million sell-off.

Due to the cryptocurrency price crash, the Bitcoin ETF faced an outflow of $671.9 million, ending a 15-day streak of inflows.
Fidelity and Grayscale lead the ETF sell-off, causing the cryptocurrency market to evaporate $1 billion within 24 hours.
The U.S. Bitcoin [BTC] exchange-traded fund (ETF) saw a record single-day net outflow of $671.9 million on December 19.
This is the largest outflow since its launch, ending the BTC ETF's 15-day streak of inflows and the Ethereum [ETH] ETF's 18-day streak of inflows.
Data from Farside Investors shows that Fidelity's FBTC led the losses, with $208.5 million lost. Grayscale's GBTC and ARK Invest's ARKB followed closely, with outflows of $208.6 million and $108.4 million, respectively.
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The Ethereum Foundation is the 'True Master of Exiting at the Top'! Selling ETH 32 times in the past year, 15 times at high points... Trump also trapped 5 million dollars.The U.S. Federal Reserve announced a rate cut of 0.25% on the 19th of this week, and also expects to slow down the pace of rate cuts next year, leading to a severe crash in the cryptocurrency market over the past two days. Bitcoin dropped to a low of 92,268 US dollars yesterday (20th), with a daily decline of as much as 6.78%; Ethereum fell even more, down 10.4%, with a low spike to 3,100 US dollars, almost completely erasing nearly a month of gains. The Ethereum Foundation is truly a master of exiting at the top. It is worth mentioning that after experiencing further market declines yesterday, the on-chain data monitoring team Lookonchain pointed out on Twitter that since the Ethereum Foundation sold 100 ETH on December 17, the price of ETH has fallen by 17% to date, marking another successful exit by the Ethereum Foundation.

The Ethereum Foundation is the 'True Master of Exiting at the Top'! Selling ETH 32 times in the past year, 15 times at high points... Trump also trapped 5 million dollars.

The U.S. Federal Reserve announced a rate cut of 0.25% on the 19th of this week, and also expects to slow down the pace of rate cuts next year, leading to a severe crash in the cryptocurrency market over the past two days. Bitcoin dropped to a low of 92,268 US dollars yesterday (20th), with a daily decline of as much as 6.78%; Ethereum fell even more, down 10.4%, with a low spike to 3,100 US dollars, almost completely erasing nearly a month of gains.

The Ethereum Foundation is truly a master of exiting at the top.
It is worth mentioning that after experiencing further market declines yesterday, the on-chain data monitoring team Lookonchain pointed out on Twitter that since the Ethereum Foundation sold 100 ETH on December 17, the price of ETH has fallen by 17% to date, marking another successful exit by the Ethereum Foundation.
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Bitcoin Technical Indicators Bullish: VIX Fear Index Indicates a Bottom, Fibonacci Predicts Breakthrough of $160,000 Next FebruarySince the U.S. Federal Reserve adopted a hawkish stance, the cryptocurrency market has rapidly plunged, with Bitcoin crashing from $104,800 on the 19th to a low of $95,700 today, a cumulative drop of 8.7%. In the past 24 hours, the total liquidation amount across the network reached $1 billion, with over 300,000 people liquidated, leading to significant losses. However, before this wave of decline, Bitcoin had reached an all-time high of $108,300 on the 17th, and several technical analysts are still optimistic about Bitcoin's future price trend, believing this is a healthy correction with the potential for further increases. The Bollinger Bands suggest a continuation of the upward trend.

Bitcoin Technical Indicators Bullish: VIX Fear Index Indicates a Bottom, Fibonacci Predicts Breakthrough of $160,000 Next February

Since the U.S. Federal Reserve adopted a hawkish stance, the cryptocurrency market has rapidly plunged, with Bitcoin crashing from $104,800 on the 19th to a low of $95,700 today, a cumulative drop of 8.7%. In the past 24 hours, the total liquidation amount across the network reached $1 billion, with over 300,000 people liquidated, leading to significant losses.
However, before this wave of decline, Bitcoin had reached an all-time high of $108,300 on the 17th, and several technical analysts are still optimistic about Bitcoin's future price trend, believing this is a healthy correction with the potential for further increases.
The Bollinger Bands suggest a continuation of the upward trend.
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Not afraid of ETH's 10% plunge》Trump family "WLF" adds another $2.5 million in Ethereum holdings, is a rebound imminent?The cryptocurrency market plummeted again today, with Bitcoin dropping to $95,682 at one point and Ethereum falling even more sharply. The total amount of contracts liquidated across the network reached $1.003 billion, and more than 300,000 people were liquidated. It is worth noting that just as the price of Ethereum plummeted, the Trump family's DeFi project World Liberty Financial (WLF) entered the market again. Since WLF has successfully stimulated the surge of related currencies after entering the market to purchase altcoins many times recently, this transaction has attracted great attention from the market. Ethereum plunges 10% According to Binance spot market data, Ethereum briefly rebounded to $3,720 yesterday afternoon, and then began to fall all the way. It fell below $3,400 at about 4 am this morning, reaching a low of $3,326.8, a drop of more than 10% during the period.

Not afraid of ETH's 10% plunge》Trump family "WLF" adds another $2.5 million in Ethereum holdings, is a rebound imminent?

The cryptocurrency market plummeted again today, with Bitcoin dropping to $95,682 at one point and Ethereum falling even more sharply. The total amount of contracts liquidated across the network reached $1.003 billion, and more than 300,000 people were liquidated.
It is worth noting that just as the price of Ethereum plummeted, the Trump family's DeFi project World Liberty Financial (WLF) entered the market again. Since WLF has successfully stimulated the surge of related currencies after entering the market to purchase altcoins many times recently, this transaction has attracted great attention from the market.
Ethereum plunges 10%
According to Binance spot market data, Ethereum briefly rebounded to $3,720 yesterday afternoon, and then began to fall all the way. It fell below $3,400 at about 4 am this morning, reaching a low of $3,326.8, a drop of more than 10% during the period.
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Dogecoin trading volume surpasses $6.5 billion, liquidation amount exceeds $31 million, what’s going on?In the past 24 hours, Dogecoin's trading volume surged, and the liquidation volume also increased. The surge in these indicators is due to a significant drop in Dogecoin's price, which fell over 5% in the past 24 hours. Dogecoin trading volume and liquidation volume have soared significantly CoinMarketCap data shows that the trading volume of Dogecoin has surged by over 57% in the past 24 hours, exceeding $6 billion. Meanwhile, Coinglass data shows that the liquidation amount of Dogecoin has surpassed $31 million, with long positions liquidated at $25 million and short positions at $5.8 million.

Dogecoin trading volume surpasses $6.5 billion, liquidation amount exceeds $31 million, what’s going on?

In the past 24 hours, Dogecoin's trading volume surged, and the liquidation volume also increased. The surge in these indicators is due to a significant drop in Dogecoin's price, which fell over 5% in the past 24 hours.
Dogecoin trading volume and liquidation volume have soared significantly
CoinMarketCap data shows that the trading volume of Dogecoin has surged by over 57% in the past 24 hours, exceeding $6 billion. Meanwhile, Coinglass data shows that the liquidation amount of Dogecoin has surpassed $31 million, with long positions liquidated at $25 million and short positions at $5.8 million.
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Bitcoin drops to $96,000, 300,000 people liquidated $1 billion! Analyst: The Federal Reserve slowing down interest rate cuts does not change the BTC upward trend.Bitcoin rebounded from a high of $98,000 to $102,000 yesterday, then started a new wave of decline, dropping to a low of around $95,682 at about 5 a.m. this morning. As of this writing, it is at $97,278, down 3.85% in the last 24 hours. Liquidations of $1 billion in the last 24 hours. On the other hand, according to Coinglass data, the total liquidation amount in the cryptocurrency market reached $1 billion in the past 24 hours, with long positions liquidating $859 million, the majority, and short positions liquidating $169 million, affecting over 300,000 people. Bitwise Chief Information Officer: The Federal Reserve's slowing interest rate cuts will not affect Bitcoin's rise.

Bitcoin drops to $96,000, 300,000 people liquidated $1 billion! Analyst: The Federal Reserve slowing down interest rate cuts does not change the BTC upward trend.

Bitcoin rebounded from a high of $98,000 to $102,000 yesterday, then started a new wave of decline, dropping to a low of around $95,682 at about 5 a.m. this morning. As of this writing, it is at $97,278, down 3.85% in the last 24 hours.

Liquidations of $1 billion in the last 24 hours.
On the other hand, according to Coinglass data, the total liquidation amount in the cryptocurrency market reached $1 billion in the past 24 hours, with long positions liquidating $859 million, the majority, and short positions liquidating $169 million, affecting over 300,000 people.

Bitwise Chief Information Officer: The Federal Reserve's slowing interest rate cuts will not affect Bitcoin's rise.
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Fed's mouthpiece: The era of ultra-low interest rates is over, and Trump holds the key to rate cuts in 2025The Federal Reserve announced a rate cut of 25 basis points this morning as expected, but hinted that it will slow the pace of rate cuts next year, cutting only 50 basis points instead of the 100 basis points previously anticipated in September. Fed Chairman Powell also stated that we are now close to the neutral interest rate. As the pace of rate cuts was not as fast as the market expected, major U.S. stock indexes closed sharply lower, and the cryptocurrency market also experienced a plunge. In this regard, Nick Timiraos, a reporter for the Wall Street Journal known as the 'Fed's mouthpiece,' wrote that how far the U.S. is from the neutral interest rate will be the core issue determining the future direction of Fed policy. The higher neutral rate forecasts in the post-pandemic era also indicate the end of the ultra-low interest rate era.

Fed's mouthpiece: The era of ultra-low interest rates is over, and Trump holds the key to rate cuts in 2025

The Federal Reserve announced a rate cut of 25 basis points this morning as expected, but hinted that it will slow the pace of rate cuts next year, cutting only 50 basis points instead of the 100 basis points previously anticipated in September. Fed Chairman Powell also stated that we are now close to the neutral interest rate. As the pace of rate cuts was not as fast as the market expected, major U.S. stock indexes closed sharply lower, and the cryptocurrency market also experienced a plunge.
In this regard, Nick Timiraos, a reporter for the Wall Street Journal known as the 'Fed's mouthpiece,' wrote that how far the U.S. is from the neutral interest rate will be the core issue determining the future direction of Fed policy. The higher neutral rate forecasts in the post-pandemic era also indicate the end of the ultra-low interest rate era.
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Cryptocurrency Market Crashes After Fed Rate Cut, Over $850 Million LiquidatedThe cryptocurrency market has seen a significant decline, with losses exceeding $850 million due to liquidations. This followed the Federal Reserve's announcement of a 25 basis point reduction in the benchmark policy rate. Despite market expectations for a modest interest rate cut by the Federal Reserve, Chairman Powell indicated a conservative approach to future rate adjustments in 2025, leading to market uncertainty and large-scale sell-offs. The crash of Bitcoin has led to nearly 300,000 cryptocurrency traders going bankrupt. Powell pointed out in a press conference that although the inflation rate has been "steadily" declining, the pace of decline has been "slower than expected." Therefore, the Federal Reserve has raised its inflation forecast for 2025 to 2.5%, implying that economic conditions may tighten, thereby limiting liquidity in financial markets, including cryptocurrencies.

Cryptocurrency Market Crashes After Fed Rate Cut, Over $850 Million Liquidated

The cryptocurrency market has seen a significant decline, with losses exceeding $850 million due to liquidations. This followed the Federal Reserve's announcement of a 25 basis point reduction in the benchmark policy rate.
Despite market expectations for a modest interest rate cut by the Federal Reserve, Chairman Powell indicated a conservative approach to future rate adjustments in 2025, leading to market uncertainty and large-scale sell-offs.
The crash of Bitcoin has led to nearly 300,000 cryptocurrency traders going bankrupt.
Powell pointed out in a press conference that although the inflation rate has been "steadily" declining, the pace of decline has been "slower than expected." Therefore, the Federal Reserve has raised its inflation forecast for 2025 to 2.5%, implying that economic conditions may tighten, thereby limiting liquidity in financial markets, including cryptocurrencies.
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