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#RUNE /USDT 2H Chart Analysis:
RUNE chart is currently forming a symmetrical triangle pattern. Price is compressing within the triangle, showing a series of lower highs and higher lows.
Bullish Breakout: A decisive break above $3.50 with strong volume could push the price toward the $3.75ā$4.00 range.
Bearish Breakdown: A break below $3.35 may trigger a downside move, targeting $3.10 or lower.
Wait for confirmation of a breakout or breakdown with high volume before entering.
RUNE chart is currently forming a symmetrical triangle pattern. Price is compressing within the triangle, showing a series of lower highs and higher lows.
Bullish Breakout: A decisive break above $3.50 with strong volume could push the price toward the $3.75ā$4.00 range.
Bearish Breakdown: A break below $3.35 may trigger a downside move, targeting $3.10 or lower.
Wait for confirmation of a breakout or breakdown with high volume before entering.
šØ $RUNE Long Liquidation Alert! šØ
$2.7144K in long positions liquidated at $3.12. Big shake-up for $RUNE ! š„
Important Details:
Coin: $RUNE (THORChain)
Liquidation: $2.7144K at $3.12
Current Price: Check live market for updates.
Next Move:
Watch if $RUNE holds above $3.10. If it stays there, a recovery could be possible.
If it drops below $3.00, it could go lower, possibly testing $2.80.
Support & Resistance Levels:
Support: $3.00 (key level to watch)
Resistance: $3.50 (previous high, important level to break)
Buy or Sell?
Buy: If the price bounces off support at $3.00, buying could be a good idea, expecting a move upwards.
Sell: If the price falls below $3.00 and shows no sign of recovery, selling or waiting for a better entry might be safer.
Stay cautious and watch the price closely! š
#Rune
#BTCMove
#GuessBTCsBottom
#AltcoinBoom
#DOJBTCAuction
$2.7144K in long positions liquidated at $3.12. Big shake-up for $RUNE ! š„
Important Details:
Coin: $RUNE (THORChain)
Liquidation: $2.7144K at $3.12
Current Price: Check live market for updates.
Next Move:
Watch if $RUNE holds above $3.10. If it stays there, a recovery could be possible.
If it drops below $3.00, it could go lower, possibly testing $2.80.
Support & Resistance Levels:
Support: $3.00 (key level to watch)
Resistance: $3.50 (previous high, important level to break)
Buy or Sell?
Buy: If the price bounces off support at $3.00, buying could be a good idea, expecting a move upwards.
Sell: If the price falls below $3.00 and shows no sign of recovery, selling or waiting for a better entry might be safer.
Stay cautious and watch the price closely! š
#Rune
#BTCMove
#GuessBTCsBottom
#AltcoinBoom
#DOJBTCAuction
#Bitcoin exchange reserves keep dropping, what it means?
When Bitcoin exchange reserves keep dropping, it typically indicates that users are withdrawing their Bitcoin from exchanges and moving them to private wallets. This trend can have several implications:
1. Increased Hodling (Long-Term Holding)
A drop in exchange reserves often signals that investors are moving their Bitcoin off exchanges for long-term storage. This suggests they are less inclined to sell in the short term, which can reduce selling pressure.
2. Bullish Sentiment
Lower exchange reserves can indicate that market participants expect Bitcoin's price to rise. By holding in private wallets, they signal confidence in future price appreciation.
3. Potential for Lower Liquidity
With fewer Bitcoin available on exchanges, liquidity might decrease. This can result in more volatile price movements as large buy or sell orders have a greater impact on the market.
4. Shift to Decentralization
A decrease in reserves may reflect a shift toward Ifecentralization, where users prefer to hold their assets rather than trust centralized exchanges. This is especially common after regulatory concerns or high-profile exchange failures.
5. Impact of DeFi and Self-Custody Solutions
The rise of decentralized finance (DeFi) platforms and self-custody wallets might encourage users to withdraw Bitcoin from exchanges to interact with these ecosystems.
Key Considerations:
Correlation with Price: While declining exchange reserves are often seen as a bullish indicator, they donāt guarantee an immediate price increase. External factors, like macroeconomic trends, regulatory developments, and market sentiment, also play a role.
Monitoring Whale Behavior: If large holders ("whales") are withdrawing Bitcoin, it can signal strategic accumulation or preparation for a major event.
If you like my post please like and share, don't hesitate to ask if you have questions.
#BNB #ARB #LDO #RUNE
When Bitcoin exchange reserves keep dropping, it typically indicates that users are withdrawing their Bitcoin from exchanges and moving them to private wallets. This trend can have several implications:
1. Increased Hodling (Long-Term Holding)
A drop in exchange reserves often signals that investors are moving their Bitcoin off exchanges for long-term storage. This suggests they are less inclined to sell in the short term, which can reduce selling pressure.
2. Bullish Sentiment
Lower exchange reserves can indicate that market participants expect Bitcoin's price to rise. By holding in private wallets, they signal confidence in future price appreciation.
3. Potential for Lower Liquidity
With fewer Bitcoin available on exchanges, liquidity might decrease. This can result in more volatile price movements as large buy or sell orders have a greater impact on the market.
4. Shift to Decentralization
A decrease in reserves may reflect a shift toward Ifecentralization, where users prefer to hold their assets rather than trust centralized exchanges. This is especially common after regulatory concerns or high-profile exchange failures.
5. Impact of DeFi and Self-Custody Solutions
The rise of decentralized finance (DeFi) platforms and self-custody wallets might encourage users to withdraw Bitcoin from exchanges to interact with these ecosystems.
Key Considerations:
Correlation with Price: While declining exchange reserves are often seen as a bullish indicator, they donāt guarantee an immediate price increase. External factors, like macroeconomic trends, regulatory developments, and market sentiment, also play a role.
Monitoring Whale Behavior: If large holders ("whales") are withdrawing Bitcoin, it can signal strategic accumulation or preparation for a major event.
If you like my post please like and share, don't hesitate to ask if you have questions.
#BNB #ARB #LDO #RUNE
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ICP/USDT
at
10.149USDT
$RUNE Bears Take Control!
THORChain ($RUNE ) saw $2.7144K worth of long positions liquidated at $3.12, as a surge in selling pressure pushed prices lower, triggering a sharp liquidation event.
š Market Breakdown:
Bearish momentum overwhelmed key support, sparking a wave of long liquidations.
Traders were caught off guard as the price slid through critical levels.
š Key Levels to Watch:
$3.00: Immediate supportāholding this level is crucial for any potential recovery.
$3.20: Resistanceābulls need to reclaim this level to shift momentum.
š„ Outlook:
The liquidation event highlights the increasing dominance of bears. Will $RUNE stabilize and recover, or will further declines follow? Stay on your toesāmarkets are unpredictable, and opportunities often arise in moments of chaos! š
#Rune #CryptoETFNextWave #DollarRally110
THORChain ($RUNE ) saw $2.7144K worth of long positions liquidated at $3.12, as a surge in selling pressure pushed prices lower, triggering a sharp liquidation event.
š Market Breakdown:
Bearish momentum overwhelmed key support, sparking a wave of long liquidations.
Traders were caught off guard as the price slid through critical levels.
š Key Levels to Watch:
$3.00: Immediate supportāholding this level is crucial for any potential recovery.
$3.20: Resistanceābulls need to reclaim this level to shift momentum.
š„ Outlook:
The liquidation event highlights the increasing dominance of bears. Will $RUNE stabilize and recover, or will further declines follow? Stay on your toesāmarkets are unpredictable, and opportunities often arise in moments of chaos! š
#Rune #CryptoETFNextWave #DollarRally110
$RUNE Short Liquidation Alert
A major RUNE short liquidation of $3,042.3 has just occurred at the critical price level of $3.4532, marking a decisive move by the bulls as they overpower short positions.
Key Details:
Price Action: The breakout past $3.4532 has triggered a wave of liquidations, indicating strong bullish momentum in the market.
Market Sentiment: With shorts being squeezed, buyers are in control, potentially driving the price toward higher resistance levels.
Volume Spike: Look for increased volume around $3.50ā$3.55, as it may confirm the strength of this upward movement.
Next Move:
For Longs: Enter if the price holds above $3.4532. $RUNE
Watch for a clean break above $3.55 for further upside.
For Shorts: Avoid entering until there are clear signs of rejection at higher levels, such as $3.60 or $3.75.
Stop Loss & Targets:
Stop Loss:
For longs: Below $3.40 to minimize downside risk.
For shorts: Above $3.60 to protect against further squeezes.
Targets:
First target: $3.60 (minor resistance).
Second target: $3.75 (strong resistance zone).$RUNE
Stay vigilant, as a sustained move above $3.55 could signal a rally toward $4.
#Rune
#DOJBTCAuction
#USJobsSurge256K
#AltcoinSeason2025
#BinanceAlphaAlert
A major RUNE short liquidation of $3,042.3 has just occurred at the critical price level of $3.4532, marking a decisive move by the bulls as they overpower short positions.
Key Details:
Price Action: The breakout past $3.4532 has triggered a wave of liquidations, indicating strong bullish momentum in the market.
Market Sentiment: With shorts being squeezed, buyers are in control, potentially driving the price toward higher resistance levels.
Volume Spike: Look for increased volume around $3.50ā$3.55, as it may confirm the strength of this upward movement.
Next Move:
For Longs: Enter if the price holds above $3.4532. $RUNE
Watch for a clean break above $3.55 for further upside.
For Shorts: Avoid entering until there are clear signs of rejection at higher levels, such as $3.60 or $3.75.
Stop Loss & Targets:
Stop Loss:
For longs: Below $3.40 to minimize downside risk.
For shorts: Above $3.60 to protect against further squeezes.
Targets:
First target: $3.60 (minor resistance).
Second target: $3.75 (strong resistance zone).$RUNE
Stay vigilant, as a sustained move above $3.55 could signal a rally toward $4.
#Rune
#DOJBTCAuction
#USJobsSurge256K
#AltcoinSeason2025
#BinanceAlphaAlert
#RUNE /USDT 2H Chart Analysis:
RUNE chart is currently forming a symmetrical triangle pattern. Price is compressing within the triangle, showing a series of lower highs and higher lows.
Bullish Breakout: A decisive break above $3.50 with strong volume could push the price toward the $3.75ā$4.00 range.
Bearish Breakdown: A break below $3.35 may trigger a downside move, targeting $3.10 or lower.
Wait for confirmation of a breakout or breakdown with high volume before entering.
RUNE chart is currently forming a symmetrical triangle pattern. Price is compressing within the triangle, showing a series of lower highs and higher lows.
Bullish Breakout: A decisive break above $3.50 with strong volume could push the price toward the $3.75ā$4.00 range.
Bearish Breakdown: A break below $3.35 may trigger a downside move, targeting $3.10 or lower.
Wait for confirmation of a breakout or breakdown with high volume before entering.
#ThorchainDeFi
#Rune is at a 3 days chart support line .
Now eyes on effect of #Trump_Bull to pull up all this altcoin .
-Do research before investing
$RUNE
#Rune is at a 3 days chart support line .
Now eyes on effect of #Trump_Bull to pull up all this altcoin .
-Do research before investing
$RUNE
MarcioMen79BR:
Until BTC drops further. Then this support goes to the ditch.
$BONK Breakout Watch!Ā IN 1DAY
#BONK is still consolidating inside aĀ Falling WedgeĀ pattern on the daily chart. This setup often leads to aĀ bullish breakoutĀ š!
š„Ā Key Levels to Watch:
Resistance: Top of the wedgeSupport: Bottom of the wedge
$BONK is at aĀ decider stageāa big move is coming soon! Stay alert for the breakout! š„
#RUNE #BCH
$BONK
š„Ā Key Levels to Watch:
Resistance: Top of the wedgeSupport: Bottom of the wedge
$BONK is at aĀ decider stageāa big move is coming soon! Stay alert for the breakout! š„
#RUNE #BCH
$BONK
Randal Lafuze MISh:
I will at 0.029
#RUNE $RUNE
The price has bounced up near a significant support zone on the weekly timeframe and now has also broken above an upper border of thel events indicate strong bullish momentum for $RUNE with price target at 20$šØāš»
The price has bounced up near a significant support zone on the weekly timeframe and now has also broken above an upper border of thel events indicate strong bullish momentum for $RUNE with price target at 20$šØāš»
Alona Uzelac fIZT:
his target is ridiculous but im expecting a lil upside too ngl
#DCA #RUNE $RUNE
šāāļø Hey guys.
š” @THORChain Buying, cluster volumes, and open interest growth have been activated, which may indicate a local bottom. The instrument may still test the low or update it, but overall it looks attractive for buying.
š° Buying up $70 as part of last week's DCA experiment.
šļø As a reminder, I allocate $10 daily to cryptocurrency investing and make a purchase once a week. Results and portfolio views are publicly available.
š If this was useful subscribe to not miss anything and give me a reaction š
šāāļø Hey guys.
š” @THORChain Buying, cluster volumes, and open interest growth have been activated, which may indicate a local bottom. The instrument may still test the low or update it, but overall it looks attractive for buying.
š° Buying up $70 as part of last week's DCA experiment.
šļø As a reminder, I allocate $10 daily to cryptocurrency investing and make a purchase once a week. Results and portfolio views are publicly available.
š If this was useful subscribe to not miss anything and give me a reaction š
$RUNE Analysis
š Weekly Timeframe:
š Retesting the support-resistance zone
ā³ 3-Day Timeframe:
š» Broke down from a symmetrical triangle
š Resulted in a 40% dip
š Could a short-term reversal be on the horizon? Keep an eye!
#RUNE #CryptoUpdate #MarketReversal šš
š± Calling all trading enthusiasts! Let's thrive together! š Show some love with likes, shares, and follows for maximum gains! š°š #TradingCommunity š
$BTC $ETH
š Weekly Timeframe:
š Retesting the support-resistance zone
ā³ 3-Day Timeframe:
š» Broke down from a symmetrical triangle
š Resulted in a 40% dip
š Could a short-term reversal be on the horizon? Keep an eye!
#RUNE #CryptoUpdate #MarketReversal šš
š± Calling all trading enthusiasts! Let's thrive together! š Show some love with likes, shares, and follows for maximum gains! š°š #TradingCommunity š
$BTC $ETH
See original
#Rune
$RUNE
Expected wave path for#RUNEUSDšŗšø according to the 30-minute time frameš
Upcoming rise š
š§ It is clear that the pair has finished an upward wave represented by wave (1)/(A), which was followed by a correction wave formed in a double zigzag pattern to represent wave (2)/(B) š. Accordingly, we expect another rise through the sub-waves of wave (3)/(C)
šThis scenario supports the following:
- An impulse wave pattern representing wave (1)/(A) with an ideal structure
- A clear corrective pattern formed in a zigzag pattern
- The correction ends with a breach of the upper limit of the price channel
ā ļø Breaking the 3.162 level cancels this scenario.
$RUNE
Expected wave path for#RUNEUSDšŗšø according to the 30-minute time frameš
Upcoming rise š
š§ It is clear that the pair has finished an upward wave represented by wave (1)/(A), which was followed by a correction wave formed in a double zigzag pattern to represent wave (2)/(B) š. Accordingly, we expect another rise through the sub-waves of wave (3)/(C)
šThis scenario supports the following:
- An impulse wave pattern representing wave (1)/(A) with an ideal structure
- A clear corrective pattern formed in a zigzag pattern
- The correction ends with a breach of the upper limit of the price channel
ā ļø Breaking the 3.162 level cancels this scenario.
š°#RUNE UPDATE š„ š
RUNE is retesting the s/r zone on the weekly timeframe
Waiting for bounceāļø
$RUNE
$DYDX
$UNI
#Erinacrypto #BNBBhutanReserves #USJoblessClaimsDrop #OnChainLendingSurge
RUNE is retesting the s/r zone on the weekly timeframe
Waiting for bounceāļø
$RUNE
$DYDX
$UNI
#Erinacrypto #BNBBhutanReserves #USJoblessClaimsDrop #OnChainLendingSurge
Thorchain and RUNE Token: A Critical Analysis of the Current Crisis
#Thorchain , a decentralized liquidity protocol, is facing significant challenges as its native token, $RUNE , undergoes a steep decline in value. These developments expose critical #vulnerabilities in its lending mechanics, raising serious questions about the protocol's long-term viability and solvency.
The Lending Mechanism and Its Flaws
Thorchain introduced a lending feature allowing users to borrow assets by collateralizing Bitcoin ($BTC ). Upon borrowing, the system converted BTC collateral into RUNE, creating an inherent dependency on RUNE's value. The repayment process would require selling #RUNE to reacquire #BTC , leaving the protocol exposed to a cascading failure if RUNE's price fell.
This mechanism is now showing cracks:
Death Spiral Dynamics: A drop in RUNE's price creates pressure as borrowers repay loans, forcing the protocol to sell more RUNE to meet BTC obligations. This selling further depresses RUNEās value, triggering a vicious cycle of price declines.Minting RUNE: To address outstanding liabilities, the protocol mints additional RUNE tokens. At the current price levels, complete loan closure would require the minting of 24 million RUNE tokens, exacerbating the oversupply issue and diluting the token's value.
Outstanding Liabilities and Pool Liquidity
The protocolās current liabilities include:
BTC Collateral: 1,604 BTC is owed, but only 592 BTC is available in Thorchain's BTC pool.ETH Collateral: 18,258 ETH is owed, with 7,404 ETH available.
The gap in reserves is stark: 210 BTC and 1,725 ETH remain unaccounted for. This shortfall highlights the inability to fully repay depositors, even if borrowers return half of the owed amount.
Market Dynamics and Risks
Several factors are intensifying the crisis:
Shallow Pools: Liquidity pools for BTC and ETH are insufficient to cover liabilities, and the declining RUNE price discourages further liquidity provision.Shorting RUNE: Market participants are capitalizing on RUNEās weakness, shorting the token and accelerating its decline.Arbitrage Opportunities: A widening gap between RUNE and BTC prices creates opportunities for arbitrage, further depleting USD liquidity pools.
Current Solvency Status
At current market prices, Thorchain's solvency hangs by a thread:
Available USD liquidity in the protocol is approximately $22-$23 million.Outstanding unmet liabilities exceed $24 million.
If RUNE's price continues to drop, the protocol will face a solvency crisis, triggering further panic and liquidation risks.
Broader Implications
The unfolding situation bears striking similarities to the Terra/Luna collapse in 2022. Both scenarios involved unsustainable tokenomics and over-reliance on volatile native tokens to back significant financial obligations. Thorchain's failure to account for systemic risks in its lending design now threatens the integrity of the entire protocol.
Lessons and Path Forward
The Thorchain crisis underscores an essential lesson for the crypto space: poorly designed systems with inherent vulnerabilities are prone to failure. Transparent and sustainable mechanisms, such as over-collateralized loans with minimal exposure to native token fluctuations, are crucial for maintaining stability.
Protocols like Lava, which embed traditional lending logic into smart contracts without relying on ponzinomics, offer a safer alternative for borrowing against assets like BTC. Such models avoid the cascading risks that arise from token dependency.
Call to Action
Immediate action is required to address Thorchainās vulnerabilities. A coordinated focus on mitigating lending risks, improving liquidity, and stabilizing RUNEās price is essential to prevent further damage. Institutions and users must remain vigilant as the situation evolves, as the crisis could have far-reaching consequences across the decentralized finance (DeFi) ecosystem.
Thorchain's current predicament serves as a cautionary tale. The promise of DeFi lies in decentralization and security, but these principles must be backed by robust and sustainable economic models. Without these, the industry risks repeating the mistakes of the past.
#RUNE/USDT
$RUNE
The Lending Mechanism and Its Flaws
Thorchain introduced a lending feature allowing users to borrow assets by collateralizing Bitcoin ($BTC ). Upon borrowing, the system converted BTC collateral into RUNE, creating an inherent dependency on RUNE's value. The repayment process would require selling #RUNE to reacquire #BTC , leaving the protocol exposed to a cascading failure if RUNE's price fell.
This mechanism is now showing cracks:
Death Spiral Dynamics: A drop in RUNE's price creates pressure as borrowers repay loans, forcing the protocol to sell more RUNE to meet BTC obligations. This selling further depresses RUNEās value, triggering a vicious cycle of price declines.Minting RUNE: To address outstanding liabilities, the protocol mints additional RUNE tokens. At the current price levels, complete loan closure would require the minting of 24 million RUNE tokens, exacerbating the oversupply issue and diluting the token's value.
Outstanding Liabilities and Pool Liquidity
The protocolās current liabilities include:
BTC Collateral: 1,604 BTC is owed, but only 592 BTC is available in Thorchain's BTC pool.ETH Collateral: 18,258 ETH is owed, with 7,404 ETH available.
The gap in reserves is stark: 210 BTC and 1,725 ETH remain unaccounted for. This shortfall highlights the inability to fully repay depositors, even if borrowers return half of the owed amount.
Market Dynamics and Risks
Several factors are intensifying the crisis:
Shallow Pools: Liquidity pools for BTC and ETH are insufficient to cover liabilities, and the declining RUNE price discourages further liquidity provision.Shorting RUNE: Market participants are capitalizing on RUNEās weakness, shorting the token and accelerating its decline.Arbitrage Opportunities: A widening gap between RUNE and BTC prices creates opportunities for arbitrage, further depleting USD liquidity pools.
Current Solvency Status
At current market prices, Thorchain's solvency hangs by a thread:
Available USD liquidity in the protocol is approximately $22-$23 million.Outstanding unmet liabilities exceed $24 million.
If RUNE's price continues to drop, the protocol will face a solvency crisis, triggering further panic and liquidation risks.
Broader Implications
The unfolding situation bears striking similarities to the Terra/Luna collapse in 2022. Both scenarios involved unsustainable tokenomics and over-reliance on volatile native tokens to back significant financial obligations. Thorchain's failure to account for systemic risks in its lending design now threatens the integrity of the entire protocol.
Lessons and Path Forward
The Thorchain crisis underscores an essential lesson for the crypto space: poorly designed systems with inherent vulnerabilities are prone to failure. Transparent and sustainable mechanisms, such as over-collateralized loans with minimal exposure to native token fluctuations, are crucial for maintaining stability.
Protocols like Lava, which embed traditional lending logic into smart contracts without relying on ponzinomics, offer a safer alternative for borrowing against assets like BTC. Such models avoid the cascading risks that arise from token dependency.
Call to Action
Immediate action is required to address Thorchainās vulnerabilities. A coordinated focus on mitigating lending risks, improving liquidity, and stabilizing RUNEās price is essential to prevent further damage. Institutions and users must remain vigilant as the situation evolves, as the crisis could have far-reaching consequences across the decentralized finance (DeFi) ecosystem.
Thorchain's current predicament serves as a cautionary tale. The promise of DeFi lies in decentralization and security, but these principles must be backed by robust and sustainable economic models. Without these, the industry risks repeating the mistakes of the past.
#RUNE/USDT
$RUNE
Feed-Creator-3f2190e2f:
Therefore, in order to avoid a death spiral, a sharp rise is necessary to save the market, otherwise, there will be a risk of collapse.
Today High Profitable Super Signalš„š¤
$RUNE
SHORT
Entry: 3.38
Leverage: 20x is better
šÆ
1) 20%
2) 40%
3) 60%
4) 80%
5) 100%
SL: 100%
Make your today profit.
Follow me for more signal & newsš
$IOTA
$ETH
#USJobsSurge256K #USJoblessClaimsDrop #BinanceAlphaAlert #Rune #AIMarketCapDip
$RUNE
SHORT
Entry: 3.38
Leverage: 20x is better
šÆ
1) 20%
2) 40%
3) 60%
4) 80%
5) 100%
SL: 100%
Make your today profit.
Follow me for more signal & newsš
$IOTA
$ETH
#USJobsSurge256K #USJoblessClaimsDrop #BinanceAlphaAlert #Rune #AIMarketCapDip
$RUNE Short Liquidation: $15,484 at $3.5588
A monumental short liquidation just hit the RUNE market, wiping out a staggering $15,484 at the price of $3.5588.
This seismic event has triggered a furious rally as short sellers scramble to cover their positions, driving the price higher at breakneck speed.
The market is now in overdrive, and volatility is soaring as the fallout from this massive liquidation reverberates throughout the trading community.$RUNE
Key Details:
Total Liquidation: $15,484
Liquidation Price: $3.5588
Market Impact: The liquidation has likely triggered a short squeeze, with the potential to push prices even higher as traders rush to cover their positions.
Current Market Sentiment: Bearish pressure could shift to a sudden bullish surge, but the market remains highly volatile, and more liquidations could follow.
This short liquidation is a reminder of how quickly the market can turn, especially in volatile conditions.
The price surge may continue as short positions unwind, but with heightened volatility, traders should remain cautious.
The next few hours will be pivotal, with the potential for dramatic price swings in either direction.
Stay alert, as the market could take a sharp turn at any moment.$RUNE
#Rune
#BinanceAlphaAlert
#Binance
#BTCā
A monumental short liquidation just hit the RUNE market, wiping out a staggering $15,484 at the price of $3.5588.
This seismic event has triggered a furious rally as short sellers scramble to cover their positions, driving the price higher at breakneck speed.
The market is now in overdrive, and volatility is soaring as the fallout from this massive liquidation reverberates throughout the trading community.$RUNE
Key Details:
Total Liquidation: $15,484
Liquidation Price: $3.5588
Market Impact: The liquidation has likely triggered a short squeeze, with the potential to push prices even higher as traders rush to cover their positions.
Current Market Sentiment: Bearish pressure could shift to a sudden bullish surge, but the market remains highly volatile, and more liquidations could follow.
This short liquidation is a reminder of how quickly the market can turn, especially in volatile conditions.
The price surge may continue as short positions unwind, but with heightened volatility, traders should remain cautious.
The next few hours will be pivotal, with the potential for dramatic price swings in either direction.
Stay alert, as the market could take a sharp turn at any moment.$RUNE
#Rune
#BinanceAlphaAlert
#Binance
#BTCā