More than 50,000 traders have been liquidated in the past day.
The price of Bitcoin added more than five grand in the past day or so and over $2,000 in the last hours to skyrocket to a new nine-day peak of over $69,000.
The altcoins have also turned green, with notable price increases from the likes of SOL, AVAX, and TON.

Bitcoin had an unfavorable week in the past seven days, as reported earlier, and saw its price stall at around $64,000 during the weekend after a failed attempt to overcome $66,000.
However, Monday started on a more positive note when the asset regained a few grand and went as high as $67,500.
After another brief retracement mid-day, the cryptocurrency started gaining traction once more in the past few hours and blasted past $69,000 for the first time since March 16.
Several altcoins followed on the way up, with some, such as SOL, AVAX, and TON, managed to double down on their daily gains. Others, like Shiba Inu (SHIB) have added over 7% in the past hour alone.
This increased volatility has harmed over-leveraged traders, as more than 50,000 have been wrecked on a daily scale. The total value of liquidated positions has grown to $200 million within the same time frame.
Interestingly, the single-largest wrecked position was on OKX and involved ETH, not BTC. It was worth north of $6.6 million.
#BTC #crypto #Halving!

Analysts are predicting a significant increase in the price of Bitcoin following the halving event, despite the world’s largest crypto asset plummeting nearly 15% from its latest all-time high of $73,738 over the last six days.
In a March 19 post to X, Capriole Fund founder Charles Edwards said it’s “normal” to have a lot of volatility in the months on either side of the Bitcoin halving, speculating that the 12-month period following the event would be the best “risk-reward” timeframe for investors.

Edwards posited there would be a shutdown of inefficient miners in the wake of the Bitcoin halving event — which is slated to occur sometime between April 18-20.
Bitcoin briefly fell to $61,593 on March 20 and is currently trading at $62,690, per CoinGecko data.
Edwards said that while the correction doesn’t appear to be over yet, he remains optimistic for price action in the long term.
“The realities of a much lower supply growth rate + unlocked pent-up Tradfi demand will then kick in and launch 12 months of historically the best risk-reward period for Bitcoin.”
While Edwards looked to the halving as a primary catalyst for Bitcoin’s price action, CryptoQuant founder and CEO Ki Young Ju claimed that the Bitcoin market is being fueled by spot Bitcoin ETF flows and not by the halving event.

“After the halving, mining expenses will double, pushing miners to keep certain prices for mining profitability,” Ju said.
“Direct cost per coin will rise to approx $37K, but at $63K, it's no longer a problem for them,” he added.
Crypto analyst “Rekt Capital” informed their 430,000 followers on X that they were convinced that there was more room for Bitcoin to fall lower.
“Bitcoin will retrace deep enough to convince you that the Bull Market is over. And then it will resume its uptrend.”
The analyst has highlighted that BTC has already entered a “danger zone” where historical pre-halving retraces have begun.

#btc #HotTrends #BTC #HotTrendsChallenge

Fantom has seen a notable surge in the percentage of profitable holders, reaching 55%. A similar milestone was historically accompanied by a dramatic 858% increase in FTM price in less than four months. This suggests a potential upcoming price movement.
Recently, there has been a significant rise in the FTM supply held by traders, hinting at the possibility of future volatility. Moreover, the current positioning of FTM Exponential Moving Average (EMA) lines provides a neutral outlook. The short-term EMA lines are positioned above the long-term lines yet remain below the price line, indicating a mixed signal on the asset’s immediate direction.

FTM Profitable Holders Are at a Sweet Spot
Following the recent increase in FTM price, over 55% of FTM holders are now in profit, a situation not seen since August 2021 when more than 50% were profitable with FTM price under $1.
Following that period, FTM value escalated from $0.31 to $2.97 within three months, marking an extraordinary price growth of 858%. This historical precedent shows the potential for significant price movements following shifts in the percentage of profitable holders.
The historical break-even price metric refers to the average price at which current holders have purchased their tokens. Essentially, it’s the price point at which investors would neither make a profit nor incur a loss if they decided to sell their holdings at that price.
This could happen again if profitable holders decide to hold their FTM, expecting the price to pass $1, increasing their profits even more. Holders losing money at current price points could also hold their FTM, expecting the price to surge again.

Supply In The Hand Of Traders Is Increasing
From March 7 to March 18, the volume of FTM held by short-term traders—individuals who retain the asset for less than a month—soared from 95 million to an impressive 206 million. A significant 116% growth.
This shift in FTM supply distribution towards traders, as opposed to it being in the hands of medium and long-term investors, suggests a potential increase in short-term trading activities. Such a trend is often interpreted as a precursor to heightened price volatility for the asset in question

#ftm #ftmpump #HotTrends #HotTrendsChallenge

The Terra tokens continue to display a neutral trend for over two weeks, indicating a disinterest of the investors in it. Further, the LUNC price has recorded a loss of 9%, resulting in it breaking down its crucial support level.The Terra LUNC price traded in a closed range between $0.0001561 and $0.0001683 for about a week, following which the market lost momentum and the price recorded a correction of over 13% in valuation.Following this, the price displayed a neutral trend and traded between $0.0001327 and $0.0001457 for a while. As the market volatility increased, the LUNC token displayed significant fluctuation in the chart.The MACD displays a rising red histogram, indicating an increased selling pressure in the crypto space. Further, the averages show a constant decline, suggesting the price will continue losing value in the coming days.If the bulls push the price above the resistance level of $0.0001177, the LUNC price will regain momentum and test its upper resistance level of $0.0001327. Maintaining the price at that level will set the stage for Terra Classic price to attempt to test its resistance level of $0.0001457 in the coming time.Conversely, if the bears overpowered the bulls, the Terra token would lose momentum and fall to test its support level of $0.0000997. Moreover, if the bears continue to dominate the market, it will plunge and prepare to test its lower support level of $0.00009 over the next week.#lunc #LUNACLASSIC

Manta Network (MANTA), a blockchain project aiming to expand its reach in the Asian market, has found itself entangled in a controversy surrounding allegations of money laundering following its recent listing on the South Korean exchange Bithumb.The controversy emerged when DeFi enthusiast Definalist took to Twitter, suggesting potential misconduct by Manta Network on the day of its Bithumb listing.Money Laundering AllegationsDefinalist’s tweet highlighted several suspicious transactions, pointing to a series of concerning events.Two million MANTA tokens were transferred to the personal wallet of Manta’s Korean Business Development (BD) representative. They were then deposited into Bithumb’s wallet, representing over 75% of the total circulation volume on the exchange.Within five minutes of being listed on Bithumb, MANTA’s price soared to $230, over 100 times its initial price of $2.26. The controversy deepened as the BD representative reportedly engaged in token dumping, swiftly liquidating all two million MANTA tokens at values ranging from 50 to 100 times the initial listing price.The proceeds from this rapid sale were then allegedly converted into Ethereum, with a substantial sum of 2,094.7 ETH, equivalent to approximately $5,162,112, transferred to the BD representative’s personal wallet, according to data from Etherscan.The severity of the allegations is heightened by South Korea’s reputation for strict regulations on money laundering and real-name financial transactions. If these allegations are proven true, Manta Network could face serious consequences.Manta Network’s ResponseIn response to the allegations, Manta Network released a statement asserting that part of the Ecosystem/Community funds had been allocated to the Korean BD representative based on the token economic model.The project also emphasized its commitment to expanding in the Asian market, particularly in South Korea and Hong Kong. According to a local news outlet, the team is taking concrete measures to establish a branch in South Korea.This branch aims to build stronger connections with local projects, understand the unique needs of the Korean market, and seamlessly integrate Manta products into the local Web3 ecosystem.Additionally, Manta Network has set up branches in Hong Kong to facilitate collaboration with local developers, entrepreneurs, and other groups.#MANTA

The bullish bounce by Polkadot's DOT buyers from the $6.6 support level which took it above the $7.7 resistance was short-lived with bears quickly reclaiming the resistance level.DOT had been on an extended dip after a price rejection at the $9 price level before bulls halted the selling wave at the $6.6 support level. However, the short-term conviction for DOT seems to have shifted bearish as price faltered again at the $8.5 price zone. This created a descending trendline on the four-hour timeframe.Can bulls recover again or will bears extend short-term bearish momentum?Over the past two days, the RSI (Relative Strength Index) remained under the neutral 50. This showed a weakening of the buying pressure and an increase in the selling pressure.Furthermore, this was amplified by the sharp departure of capital from DOT. The CMF (Chaikin Money Flow) which tracks the inflow and outflow of capital from tokens showed a sharp drop from positive (+0.30) to negative (-0.14).Along with its price action, it hinted at an extension of the bearish pressure in the near term. Traders looking to trade against the market trend can look for shorting opportunities on a retest of the $7.7 resistance with 11% gains available if price sinks to the $6 price level.This oscillating price action between the $6.6 support and $7.7 resistance could also offer range trading opportunities for DOT traders in the short term.On the flip side, if longs can scale the selling pressure at the $7.7 resistance, a recovery to the $9 price zone could be a possibility. This would be dependent on breaking above the bearish trendline around the $8.3 to $8.5 price zone.Levels to consider:Short: $7.7 to $6.6 (11% gains)Long: $7.7 to $9 (17% gains)#DOT

Binance announced the 44th project on Binance Launchpool - Manta (MANTA), the modular L2 for ZK applications. Users will be able to stake their BNB and FDUSD into separate pools to farm MANTA tokens over two days.MANTA unveiled its tokenomics, with a total supply of 1 billion tokens, an annual minting rate of 2%, and an initial circulating supply of 251 million tokens. The distribution is as follows: 5.6% for the (Into the Blue) Airdrop 1, 6.5% for the (New Paradigm) Airdrop 2, 13.5% for the Foundation Treasury, 21.19% for Ecosystem/Community, 10% for the Team, and 3% for Binance Launchpool.#Manta

What is Xai (XAI)?Xai is a blockchain project that's creating a gaming-focused "layer 3" platform on top of the Arbitrum network. The mission of the Xai project is to make it easy for gamers to transition from traditional gaming to the world of web3 gaming. For example, Xai doesn't require gamers to interact with cryptocurrency wallets if they don't wish to do so. In addition, users don't need to pay any gas fees while playing thanks to a unique gas subsidy contract employed by the Xai platform.The Xai platform implements the XAI token, which users can choose to redeem for esXAI. Then, users can stake their esXAI to participate in governance, access exclusive events and experiences in games connected to the Xai platform, or earn increased yield if they are operating a Xai node. Xai is being developed with assistance from Offchain Labs, the creators of the Arbitrum platform. So far, the Xai project has raised $10 million from investors to fund the project's development.Some of the games that will be launched on the Xai blockchain include Final Form, LAMOverse, Tarochi and Web3 Warriors. The mainnet launch of the Xai platform is scheduled for January 9, 2024. Between January 5 at 00:00 UTC and January 8 at 23:59 UTC, users will be able to earn Xai (XAI) tokens on Binance simply by staking BNB, FDUSD or TUSD. The staked coins can be withdrawn at any time, and you'll be able to keep your XAI token rewards even if you withdraw before the farming period concludes.Earn XAI Tokens on BinanceBinance plans to distribute 3% of the total XAI token supply to users on Launchpool. This translates to 75 million tokens out of a total supply of 2.5 billion tokens.80% of these rewards will be distributed to BNB stakers, while the FDUSD and TUSD staking pools will receive 10% of the rewards each. However, this doesn’t necessarily mean that you will earn more XAI if you stake BNB rather than stablecoins. It all depends on how big the size of your stake is relative to the size of the staking pool you've selected. In addition to featuring Xai on its Launchpool platform, the Binance will also be listing the XAI token for trading. Trading will go live on January 9 at 10:00 UTC, and XAI will be available in trading pairs against BTC, USDT, BNB, FDUSD, TUSD and TRY.Binance will be listing XAI with the “Seed Tag”, which is used to label crypto projects that are still very early in their development. Cryptocurrencies with this tag were previously known in the “Innovation Zone”. The purpose of the Seed Tag is to let users know that the cryptocurrency might be more volatile and risky compared to most other cryptos listed on the exchange.#XAI #Launchpool #BinanceEarnings "Enjoying the content? Feel free to tip to keep the inspiration alive!" Thanks ☺️

Binance is listing its 43rd project on Binance Launchpool - Xai (XAI), a gaming blockchain built on top of Arbitrum as its first L3. The webpage is estimated to be available in 24 hours, before the Launchpool starts.Users will be able to stake their BNB, FDUSD and TUSD into separate pools to farm XAI tokens over four days, with farming starting from 2024-01-05 00:00 (UTC).ListingBinance will then list XAI at 2024-01-09 10:00 (UTC) and open trading with XAI/BTC, XAI/USDT, XAI/BNB, XAI/FDUSD, XAI/TUSD and XAI/TRY trading pairs. The Seed Tag will be applied to XAI.XAI Launchpool Details:Token Name: Xai (XAI)Max Token Supply: 2,500,000,000 XAILaunchpool Token Rewards: 75,000,000 XAI (3% of total token supply)Initial Circulating Supply: 277,118,150 XAI (～11.08% of the total token supply)Staking Terms: KYC requiredHourly Hard Cap per User:62,500 XAI in BNB pool7,812.5 XAI in FDUSD pool7,812.5 XAI in TUSD poolSupported Pools:Stake BNB (webpage will be available in around 24 hours): 60,000,000 XAI in rewards (80%)Stake FDUSD (webpage will be available in around 24 hours): 7,500,000 XAI in rewards (10%)Stake TUSD (webpage will be available in around 24 hours): 7,500,000 XAI in rewards (10%)Farming Period: 2024-01-05 00:00 (UTC) to 2024-01-08 23:59 (UTC).#XAI #Launchpool "Enjoying the content? Feel free to tip to keep the inspiration alive!" Thanks ☺️

ICP, the native token that powers the Internet Computer blockchain, has seen resurgent price action this past week, with a 15% pop in the last 24 hours alone. Key highlights:24H Low: $13.0024H High: $16.2624H Volume: $601 millionTo understand this momentum, examining the Internet Computer’s ambitions provides context. In short, it aims to evolve blockchain infrastructure into a “world computer,” enabling software and systems to run in a decentralized manner without relying on traditional IT backends.This aligns neatly with broader “web3” decentralization trends. And as skepticism gives way to building real solutions, renewed investor interest in the internet’s long-term vision appears to be materializing.The asset’s market cap is currently standing at $7.13 billion, flipping the second-largest meme coin, Shiba Inu (SHIB). ICP is currently the 16th-largest cryptocurrency by market capitalization.Data shows that the Internet Computer’s daily trading volume registered a 95% rally, reaching $580 million. Around 36.6% of ICP’s total trading volume, roughly $205 million, comes from the largest crypto exchange Binance.According to data provided by the market intelligence platform Santiment, the total OI in ICP futures contracts is currently hovering around $99.2 million. The last time ICP’s OI reached this level was in early-July 2023.Moreover, data from Santiment shows that the amount of long positions is currently dominating ICP’s total OI at this price point. Per Santiment, the Binance funding rate for the asset is hovering around 0.07% at the time of writing. While many investors are still aiming at short positions, the exact amounts of the contracts, short and long, are still not clear until further price movements. Despite the strong price hike, ICP is likely to face a downward momentum. According to Santiment data, the Relative Strength Index (RSI) for ICP rose from 66 on Dec. 30 to 76.7 as of Jan. 3.For ICP to remain bullish, the asset’s RSI would need to stay below the 65 mark#BTC #Icp #ICPPrice "Enjoying the content? Feel free to tip to keep the inspiration alive!" Thanks ☺️

Radiant has halted lending and borrowing markets on Arbitrum, saying funds are not at risk.Cross-chain lending protocol Radiant Capital was hacked for 1,900 ETH ($4.5 million), blockchain security and analytics firm PeckShield Inc. reported on X today. “The root cause is not new: It basically exploits a time window when a new market is activated in a lending market,” PeckShield wrote. The security breach occurred six seconds after the new USDC market was activated on #Arbitrum , the digital security firm explained.Radiant Capital also acknowledged the issue on X, saying that the Radiant DAO Council has temporarily suspended its lending and borrowing markets on Arbitrum — a Layer-2 scaling solution on which Radiant Capital runs atop of — while the problem is being investigated.#HackerAlert #RadiantCapital #ETH "Enjoying the content? Feel free to tip to keep the inspiration alive!" Thanks ☺️

Solana (SOL)#Solana (SOL) has experienced a remarkable surge in user activity, with an almost 400% increase as the last quarter of the year approaches its end. This growth has positioned Solana as a strong competitor in the decentralized exchange (DEX) space, closely rivaling Ethereum. The total volume of transactions on Solana-based DEXes has grown significantly, with a notable 255% increase in the last 30 days, totaling $871 million.Looking ahead, Solana (SOL) prospects seem promising due to its increasing user activity and transaction volumes. However, the network faces challenges in maintaining this growth and managing network stability, as evidenced by recent outages. Polygon (MATIC)#Polygon (MATIC) is currently at a crucial turning point, with analysts predicting a potential 50% rally. The platform has seen increased interest and activity, indicating a possible bullish trend in the near future.The price of Polygon (MATIC) is influenced by various factors, including whale activity and market sentiment. The potential rally hinges on breaking key resistance levels and sustaining investor interest.The future of Polygon (MATIC) price is contingent on overcoming significant resistance levels. If these levels are breached, a substantial price surge could be triggeredRipple (XRP)#Ripple (XRP) has been experiencing a mix of optimism and challenges. While there is a strong case for a significant price increase, the token currently faces bearish trends and resistance levels.Ripple (XRP) price is hovering around crucial levels, with analysts highlighting the significance of the $0.6 price level. Overcoming this level could set the stage for a move toward higher targets.The forecast for Ripple (XRP) is cautiously optimistic, with potential targets set at significantly higher pricesArbitrum (ARB)#Arbitrum has seen a spike in on-chain traffic, primarily due to the popularity of EVM inscriptions. This has led to increased transaction activity on the network.Despite the increased on-chain activity, Arbitrum (ARB) price fell over the week. The token’s value does not directly accrue from the network’s on-chain activity, indicating a disconnect between usage and price.The future of Arbitrum ( ARB ) price is uncertain, as it does not directly benefit from the network’s on-chain activities. The recent network outage also raises questions.VeChain (VET)#VeChain (VET) has shown a strong performance in December, with a significant surge in its price. This has led to renewed interest and activity in the project, both on social media and on-chain.Despite a strong December performance, VeChain (VET) is still significantly below its all-time high. The recent surge has led investors to hope for a continued revival in the project. The future of VeChain (VET) price hinges on sustaining the current momentum and breaking past multi-year resistance levels.