Approx. $125 Million plus #Shorts are #Liquidated in last | AskToRahulSingh on Binance Square

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AskToRahulSingh

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Approx. $125 Million plus #Shorts are #Liquidated in last 15 plus hour's, after #CryptoMarket goes #Bullish from today's morning.. 🙏

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In July, #MicroStrategy acquired an additional 169 #Bitcoin for $11.4 million and he holds total nos. of 226,500 $BTC now till date...🙏❤️

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#Bitcoin Daily chart analysis It's $BTC last cycle towards downtrends around $62k-63k approx. within next 4-5 days and after that, $BTC starts moving towards their Uptrend cycle of #BullRun , with Amazing Zig-Zag mode of some little bit of Ups-Downs as per #Elliott Impulsive Wave. This Wave starts from 5-7 August onwards, and goes upto Feb. 2025 for 7-8 months and then its another #CorrectionWaves starts afterwards of #ElliottWaves pattern of 0-1-2-3-4-5 & 0-A-B-C. So, take little bit of more patience and just be ready for a big ride of Crypto Market Bull-Run, moving soon with #Altcoins market too. And, always Trade with StopLoss and DYOR before investing into any type of Crypto Assets. NFA 🙏

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#MtGox said on Friday that it started making repayments to customers into July 2024, ending a near 10-year wait for some users to get their crypto back after a 2014 hack sent the crypto exchange into bankruptcy. The company was once the world’s top crypto exchange, handling over 70% of all bitcoin ( $BTC ) Txns. in its early years. The hack resulted in the loss of an estimated 740,000 #bitcoin   Mt. Gox moved 47,228 $BTC , signaling the start of their repayment process, which has caused some market fear due to the large potential to sell-off ... However, "it's worth noting that despite these concerns, the long-term impact may be less severe as the market gradually absorbs the selling pressure too due to the upcoming Bullish Market trends, but for short term it impacts the market."

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#TRM Labs data showed hackers looted #Crypto valued at $1.38 billion between Jan. 1 and June 24, more than double the $657 million during the same period a year ago. Top attack vectors in 2024 include private key and seed phrase compromises. The largest heist so far this year netted more than $300 million worth of bitcoin from Japanese crypto exchange DMM #Bitcoin

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According to #CryptoSlate 's data, #Bitcoin price has dropped approximately 6% in the past 24 hours, breaking the $58,000 mark to fall to as low as $56,900. Market observers warned that if the heavy selling action continues, this decline could be a precursor to a decline in the flagship digital asset’s price to the low $50,000s. Earlier today, blockchain analyst Lookonchain identified a whale that sold 3,500 $BTC for $206 million in five hours through the #Binance Exchange.

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