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Crypto News Aggregator by EXCAVO
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🎢 More than $2.6 billion has exited
$BTC
and
$ETH
in just the past week
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💸🤔 $BTC Following a recent surge in Bitcoin’s price, one of the largest short liquidations in the past two years has occurred (the fourth largest on record). Currently, approximately $140 million in "net funds" has been wiped out (multiply this by the average leverage in the system). Similar-scale liquidations took place in January 2023, October 2023, and February 2024. After each of these liquidations, BTC continued to rise an additional 20-40%.
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🐶📈 24-hour $DOGE trading volume on #Upbit surpassed $BTC trading volume, approaching $1.5 billion.
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📈👀 $STRK Last week saw a record number of txs on Starknet
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📊🤔 $BTC Based on the data from #CoinGecko latest study, the Fed's hiking cycle suppressed Bitcoin prices more than CPI figures. As CPI figures go down, the Bitcoin price tends to go up.
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📊 $ETH #CryptoQuant : Significant spikes in Netflows, with 82,000 ETH moving to derivative exchanges. Historically, following previous large netflows, the price of Ethereum tends to experience a downturn or increased volatility.
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