Coinglass
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In the past 24 hours, futures transactions saw liquidations totaling $74 million according to Coinglass data.
Long positions accounted for 55% of this amount, equivalent to $40 million.
#Coinglass #altcoins #BlackRock #BTC #CryptoWatchMay2024
Long positions accounted for 55% of this amount, equivalent to $40 million.
#Coinglass #altcoins #BlackRock #BTC #CryptoWatchMay2024
đ #Coinglass : Open interest in Bitcoin Cash futures is $609 million, a new all-time high!
5 days left to $BCH halving!
5 days left to $BCH halving!
Solana Outpaces Ethereum and Tron in Stablecoin Transaction Volumes
#Write2Earn Solana's market dominance surged to an impressive 33.76%, marking a remarkable ascent from a mere 1.17% just a year ago. Bolstering this achievement, SOL reclaimed its bullish momentum, surpassing the $100 threshold for the first time in over a fortnight.In a groundbreaking shift, Solana (SOL) emerged as the predominant blockchain for stablecoin transfers in January, surpassing established players such as Ethereum ($ETH ) and Tron (TRX). According to Artemis data, a staggering $497 billion worth of stablecoins were transacted on the Solana blockchain in January, marking an unprecedented high. This surge propelled Solana's market share to an impressive 33.76%, a remarkable leap from just 1.17% a year earlier.Solana's dominance in facilitating stablecoin transfers comes amid a significant surge in demand for stablecoins over the last two months, primarily fueled by optimistic sentiments surrounding the potential approval of spot Bitcoin (BTC) ETFs. Contrary to the previous bear market, where Ethereum and Tron accounted for over 80% of stablecoin volumes, Solana has taken the lead in the latest upswing.Upon closer inspection of the provided graph, AZC News observed a remarkable five-fold increase in monthly stablecoin volumes on the Solana blockchain from November to January. In comparison, Ethereumâs volume rose only by 31%, while Tronâs stablecoin trades effectively remained the same.Is USDC behind the turnaround?USD Coin [$USDC ] was the dominant stablecoin on the Solana blockchain, with over 56% share of the total supply, according to DeFiLlama. Interestingly, USDCâs market cap on Solana increased by more than 14% over the past month, while most other stablecoins recorded a drop. This strongly indicated that #USDC volumes on Solana were the primary drivers in boosting overall stablecoin transfer volumes.$SOL is back to good healthIn another good news, the networkâs native token SOL regained its bullish strength, bouncing above $100 for the first time in more than two weeks. According to #CoinMarketCap , SOL was exchanging hands at $104 as of this writing, marking a 30% gain over the past week. As expected, the bullish price action led traders to go long on the asset. SOLâs bullish bets outnumbered bearish bets in the last two days, arccording to #Coinglass data.Disclaimer. This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.đŁđŁEmpower Our Mission: Tips For Dedicated Service. đŁđŁđUsers are encouraged to support the mission by offering generous tips.đŁThis empowers creators to work even harder, ensuring the continued delivery of top-notch investment advice.#JUP
Liquidations in the Cryptocurrency Market Today and the Mt. Gox Impact. đ¤
Today's minor downturn in the cryptocurrency market has particularly affected leveraged long position investors.*
The decrease in Bitcoin prices triggered a significant wave of liquidations in derivative markets.
According to Coinglass data, over $220 million in liquidations occurred, with $160 million stemming from long positions.
Liquidations in Bitcoin and Other Cryptocurrencies:
The majority of liquidations occurred in Bitcoin, totaling $36.4 million.
Other major cryptocurrencies like Ethereum, Solana, and ORDI were also impacted.
Liquidations amounted to $28.5 million in Ethereum, $20.2 million in Solana, and $8.3 million in ORDI.
Impact of the Mt. Gox Incident on the Market:
Some of the market volatility is attributed to claims that Mt. Gox has started reimbursing its creditors.
Mt. Gox, once the largest exchange in the industry, suffered a massive attack in 2014, resulting in the theft of 850,000 Bitcoins.
The ongoing legal process since the incident estimates the current value of the stolen Bitcoins at around $36 billion.
#Coinglass #MtGox #liquidation #Liquidated
Today's minor downturn in the cryptocurrency market has particularly affected leveraged long position investors.*
The decrease in Bitcoin prices triggered a significant wave of liquidations in derivative markets.
According to Coinglass data, over $220 million in liquidations occurred, with $160 million stemming from long positions.
Liquidations in Bitcoin and Other Cryptocurrencies:
The majority of liquidations occurred in Bitcoin, totaling $36.4 million.
Other major cryptocurrencies like Ethereum, Solana, and ORDI were also impacted.
Liquidations amounted to $28.5 million in Ethereum, $20.2 million in Solana, and $8.3 million in ORDI.
Impact of the Mt. Gox Incident on the Market:
Some of the market volatility is attributed to claims that Mt. Gox has started reimbursing its creditors.
Mt. Gox, once the largest exchange in the industry, suffered a massive attack in 2014, resulting in the theft of 850,000 Bitcoins.
The ongoing legal process since the incident estimates the current value of the stolen Bitcoins at around $36 billion.
#Coinglass #MtGox #liquidation #Liquidated
After a 'red' June for #Bitcoinâ , a typically 'green July' tends to follow, considering $BTC returns from 2013 to 2023. - #Coinglass .
đ Let's see if this #trends continues.
#MiCA #IntroToCopytrading
đ Let's see if this #trends continues.
#MiCA #IntroToCopytrading
$156M in Crypto Liquidations in 24 Hours đ¨
According to #Coinglass data, the total amount of cryptocurrency market liquidations across the network in the past 24 hours reached $156 million, with both long and short positions being liquidated.
Specifically, long positions accounted for $76.36 million, while short positions accounted for $79.28 million. Bitcoin #liquidations totaled $40.39 million, and Ethereum liquidations totaled $52.31 million.
A total of 46,805 people were liquidated, with the largest single liquidation occurring on Binance - #ETHBTC , valued at $5.1864 million.
#Binance
#crypto2024
According to #Coinglass data, the total amount of cryptocurrency market liquidations across the network in the past 24 hours reached $156 million, with both long and short positions being liquidated.
Specifically, long positions accounted for $76.36 million, while short positions accounted for $79.28 million. Bitcoin #liquidations totaled $40.39 million, and Ethereum liquidations totaled $52.31 million.
A total of 46,805 people were liquidated, with the largest single liquidation occurring on Binance - #ETHBTC , valued at $5.1864 million.
#Binance
#crypto2024
đ¸ $BTC #Coinglass : Following the recent $128.37 million liquidation on Binance due to bitcoin price correction, it looks like an additional $93.67 million in BTC positions could face liquidation if BTC rebounds to $72,800.
#Bitcoinâ Plummets to $62K, $310M in Long Positions Liquidated
On August 1, $BTC experienced a sharp drop, declining from $64,000 to $62,800. This sudden downturn resulted in the liquidation of long positions worth $310.27 million in a 24-hour period that saw a total of $337 million wiped out, according to #Coinglass
In the past 24 hours, over $77.07 million worth of long bitcoin positions were liquidated, with $26.6 million of that occurring in just the last four hours. The largest single liquidation involved an ETH-USDT swap worth $4 million on the OKX crypto exchange.
Market analys DW noted that despite the significant drop, the situation was not âextreme.â DW pointed out the current low liquidity in the market, a condition that amplifies the effects of selling. DW mentioned ongoing concerns, including the unresolved Mt. Gox issue and the seasonal low liquidity post-Bitcoin 2024 conference, which could magnify any selling activity.
#btcupdates2024 #BTCâ #CryptoNewsCommunity
On August 1, $BTC experienced a sharp drop, declining from $64,000 to $62,800. This sudden downturn resulted in the liquidation of long positions worth $310.27 million in a 24-hour period that saw a total of $337 million wiped out, according to #Coinglass
In the past 24 hours, over $77.07 million worth of long bitcoin positions were liquidated, with $26.6 million of that occurring in just the last four hours. The largest single liquidation involved an ETH-USDT swap worth $4 million on the OKX crypto exchange.
Market analys DW noted that despite the significant drop, the situation was not âextreme.â DW pointed out the current low liquidity in the market, a condition that amplifies the effects of selling. DW mentioned ongoing concerns, including the unresolved Mt. Gox issue and the seasonal low liquidity post-Bitcoin 2024 conference, which could magnify any selling activity.
#btcupdates2024 #BTCâ #CryptoNewsCommunity
LIVEBabaYaga Calls
--
Bullish
The Dynamics of Bitcoin Mining
As of July 31, 2024, data from CryptoQuantâa firm that analyzes cryptocurrency assetsâindicates a shifting landscape in #bitcoinâď¸ Â mining. Despite the common perception of a downtrend in miner sales, significant insights reveal an adjustment phase among large-scale miners. This report comes at a time when the Bitcoin price has rallied to $69,000.
Here the analysis based on current position :
Bitcoin has broken down from a rising wedge pattern and has successfully retested the breakdown level.If the price cannot break above this support area, we might see a move towards the $60,000 major support area.So Keep an eye on the price action.However, if it breaks down through the demand zone, we may see further correction in the market.
#BTCâ #BTCUSDT! #CryptoNewss
As of July 31, 2024, data from CryptoQuantâa firm that analyzes cryptocurrency assetsâindicates a shifting landscape in #bitcoinâď¸ Â mining. Despite the common perception of a downtrend in miner sales, significant insights reveal an adjustment phase among large-scale miners. This report comes at a time when the Bitcoin price has rallied to $69,000.
Here the analysis based on current position :
Bitcoin has broken down from a rising wedge pattern and has successfully retested the breakdown level.If the price cannot break above this support area, we might see a move towards the $60,000 major support area.So Keep an eye on the price action.However, if it breaks down through the demand zone, we may see further correction in the market.
#BTCâ #BTCUSDT! #CryptoNewss
The panic sell resulted in over $1 billion in liquidations, according to data from #Coinglass . #MarketDownturn
via WuBlockchain on X
According to #Coinglass data, in the past 24 hours, #YFI , the #yearnFinance token, plummeted by more than 35%, and more than $4.7 million were liquidated. YFI contract positions once reached as high as 160 million U.S. dollars today. Currently, YFI positions on major platforms have dropped significantly.
According to #Coinglass data, in the past 24 hours, #YFI , the #yearnFinance token, plummeted by more than 35%, and more than $4.7 million were liquidated. YFI contract positions once reached as high as 160 million U.S. dollars today. Currently, YFI positions on major platforms have dropped significantly.