🚨⚠️ SHOCKING COLLAPSE: $187 MILLION WIPED OUT IN 24-HOUR CRYPTO MARKET LIQUIDATIONS! ⚠️🚨
The cryptocurrency market has been rocked by a wave of massive liquidations, with a jaw-dropping $187 million evaporated in just 24 hours! According to PANews, data from Coinglass reveals that $143 million in long positions were obliterated, while shorts saw $43.63 million in liquidations, leaving traders in a state of shock. Bitcoin (BTC) wasn’t spared, facing $41.16 million in liquidations, with Ethereum (ETH) close behind at $26.90 million.
💥 The sudden downturn has left traders reeling, especially those with bullish positions that got hit hard as prices took a nosedive. These liquidations can set off a cascade effect, fueling even more volatility and putting countless positions at risk.
Are we headed for a deeper crash, or is this just a tremor in the storm?
For those riding the waves of crypto, tracking liquidation data is vital to stay ahead of these massive market swings. Stay vigilant, as more surprises could be just around the corner.
👀 Stay updated with Coinglass for real-time insights – the market’s next move might be closer than you think!
#CryptoAMA #Write2Earn! #ETHETFsApproved #BTC☀ #Therapydogcoin
🚀 Bitcoin Enthusiasts, Listen Up! 🚀
The US presidential elections are around the corner, and while the world watches the political drama unfold, the crypto community is buzzing with excitement over Bitcoin's future! 📈
Popular trader EllioTrades shared a fascinating chart showing that every US election week since Bitcoin's inception marked a low for BTC that was never seen again. In 2012, BTC was around $12, in 2016 it was $720, and in 2020 it was $14,900. Fast forward to today, and BTC is flirting with $70,000! Could this be the last time we see Bitcoin below $70K? History suggests it might be! 🌟
As for the elections, Trump appears more crypto-friendly, with bullish moves like using BTC for burgers and promising to support mining. However, his past skepticism leaves some cautious. Will he follow through? Only time will tell!
Stay tuned, Bitcoiners! 🤑
📉 **Crypto Market Update: Bitcoin & Ethereum ETFs See Major Outflows!**
- On Nov. 1, U.S. Bitcoin spot ETFs recorded a significant daily outflow of $54.94 million, with Ethereum ETFs following suit with a $10.93 million outflow.
- Notable Bitcoin ETF outflows include IBIT ($0 net inflow), GBTC (-$5.51 million), FBTC (-$25.64 million), ARKB (-$24.13 million), and BITB (-$5.64 million).
- Grayscale Bitcoin Mini Trust was the exception, enjoying a $13.51 million inflow.
- Ethereum ETFs also faced outflows, with ETHE losing $11.43 million.
- The overall crypto market cap has dropped to $2.32 trillion, with Bitcoin at $69,400 and Ethereum at $2,490.
💬 What are your thoughts on these trends? Share in the comments!
⚠️🔥 CRITICAL ALERT: $SOL /USDT AT A MAKE-OR-BREAK LEVEL – MASSIVE MOVE LOOMING! 🔥⚠️
The SOL/USDT chart is flirting with a crucial point after a powerful bullish run and recent resistance tests. The market is building up pressure for its NEXT BIG MOVE – are we looking at a breakout or a downturn?
Current Price: 164.77 USDT
💡 CRITICAL Levels to Watch NOW: 💡
🚧 Strong Resistance Zone: 172.29 USDT – SOL needs to conquer this resistance for a bullish breakout. Breaking above this level could set off a surge of buying interest, driving prices higher.
📉 Major Support Level: 169.28 USDT – CAUTION! If SOL retraces and breaks below this level, it could slide toward the next target at 160.15 USDT or worse. Holding this level is essential to maintain upward momentum.
📉 PRESSURE POINT – WHAT’S NEXT? 🔮
⚠️ Potential Downside Threat:
If SOL fails to hold above 169.28 USDT, expect a fast decline toward 160.15 USDT. A breakdown could lead to increased selling pressure, pushing the price further down.
🚀 Upside Breakout Potential:
However, if SOL manages to defend support and blast through 172.29 USDT, we may witness a robust rally as bulls gain control, aiming for a substantial breakout.
Eyes on the chart – SOL/USDT is on the brink of a BIG MOVE!
#CryptoAMA #GrayscaleXRPTrust #Write2Earn! #ETHETFsApproved #Megadrop
{spot}(SOLUSDT)
👉👉👉 #Q3 2024 Insights: Ripple Analyzes $XRP Price, Volatility, and #MarketActivity
The latest report, drawing insights from #Bloomberg , CCData, and Refinitiv Eikon, offers a comprehensive look at XRP’s market trends during a quarter marked by significant price fluctuations and a rise in Bitcoin dominance.
XRP Trading Volume and Market Activity
- Ripple reports XRP’s average daily volume (ADV) on leading exchanges between $600 million and $700 million, highlighting rising market interest despite price pressures. XRP’s ADV for 7 days stands at $812 million, with 30-day, 90-day, and 365-day figures at $511 million, $675 million, and $687 million, respectively. Though XRP’s trading volume trails behind Bitcoin & Ethereum, it exceeds that of Binance Coin ($BNB ), Cardano ($ADA ), and Polkadot (DOT), suggesting potential for further market expansion.
- A key highlight this quarter was a 27% increase in XRP’s price against Bitcoin, even as Bitcoin’s dominance climbed by 3% to a new peak.
XRP Price Volatility & Stabilization
- XRP experienced significant price volatility in early Q3, with realized volatility exceeding 110% in mid-August due to rapid price swings between $0.40 and $0.65. This attracted high trading volumes, but by the latter part of Q3, volatility eased to around 60% as XRP’s price range stabilized, marking a transition from high fluctuation to consolidation.
Exchange Volume Trends & Market Share
- According to Ripple’s findings, XRP’s spot exchange volume remained strong, with Binance, Bybit, and Upbit leading. Early Q3 daily volumes averaged $750 million, later stabilizing before surging again in late September. Binance held the largest share of XRP’s trading volume, though its market share declined by 3%, while Crypto.com’s share rose by 6%. XRP trading continues to be heavily USDT-paired, reflecting stablecoin dominance, with fiat-paired trades increasing from 10% in Q2 to 14% in Q3.
These trends illustrate XRP’s evolving market dynamics amid broader shifts in the crypto landscape.
#BinanceSquareTalks
The $SUN /USDT pair is currently trading at 0.01836 USDT, with recent price movements suggesting a stabilization after a dip. The immediate resistance is at 0.01922 USDT, which, if broken, could lead to further upward movement. On the downside, the nearest support is at 0.01801 USDT, providing a base for any upward momentum.
For an entry, positioning around the current price of 0.01836 USDT could be advantageous if the support holds and momentum builds. The take-profit (TP) levels can be set as follows: TP1 at 0.01870 USDT, TP2 at 0.01900 USDT, and TP3 at 0.01930 USDT for a more extended gain if the bullish momentum continues. To manage risk, a stop-loss (SL) at 0.01780 USDT would provide a safe exit in case of a downward reversal.
This setup is structured to leverage a potential rebound while maintaining controlled risk, with clearly defined targets for capturing profits in case of a positive price movement.
#Therapydogcoin #TetherAEDLaunch #USEquitiesRebound #CryptoAMA
{spot}(SUNUSDT)
The $RARE /USDT pair is currently trading at 0.1164 USDT. After a recent downtrend, the price appears to be stabilizing, with potential signs of a reversal forming.
Key resistance is at 0.1250 USDT, where a break above could indicate a bullish move, while the support level at 0.1147 USDT serves as a crucial defense against further downside.
For an entry, positioning around 0.1164 USDT could be considered if support holds and bullish momentum increases. For targets, the first take-profit (TP1) is at 0.1200 USDT, followed by TP2 at 0.1300 USDT, and an extended TP3 at 0.1400 USDT, in case of a strong upward move.
To limit risk, a stop loss (SL) at 0.1130 USDT is advisable, offering protection if the price resumes its downward trend.
This setup presents a favorable risk-reward ratio for traders, with well-defined levels to capitalize on both potential upside and manage downside risk effectively.
{spot}(RAREUSDT)
#TetherAEDLaunch #USEquitiesRebound #CryptoAMA #29thBNBBurn #Therapydogcoin
📉 Crypto Market Update: NFT Sales Volume Drops by 6% 📉
- Amidst the recent crypto market dip, NFT sales volume has fallen by 6% to $84.6M.
- Ethereum (ETH) remains the top blockchain for NFT sales at $28.3M, despite a 6.6% drop.
- Solana (SOL) holds the second spot with $16.1M in sales, down 11.3%.
- Bitcoin (BTC) saw a smaller decline of 2.78%, with $14.12M in sales.
- Despite the drop, the number of NFT buyers surged by 21%, and sellers increased by 30%.
💬 What are your thoughts on the current NFT market trends? Share in the comments! 🚀
Master the Art of Risk Management! 🛡️
Understand how risk to reward ratios impact your trading success.
Key Takeaways:
1:1 Risk:Reward:
For every $1 risked, you aim to make $1 in profit.
To break even, you need a 51% win rate.
1:2 Risk:Reward:
For every $1 risked, you aim to make $2 in profit.
With this ratio, you only need a 34% win rate to break even.
1:3 Risk:Reward:
For every $1 risked, you aim to make $3 in profit.
This ratio requires a 26% win rate to break even.
Why is this important?
By prioritizing higher reward-to-risk trades, you can significantly increase your overall profitability, even with a lower win rate.
Remember:
Risk Management: Always use stop-loss orders to protect your capital.
Trade Selection: Focus on high-probability setups to improve your win rate.
Emotional Control: Avoid impulsive decisions and stick to your trading plan.
Follow @CryptoPM for more crypto trading insights.
#CryptoTrading. #TechnicalAnalysis #RiskManagement #TradingMadeEasy #Bitcoin❗
Shiba Inu Coin (SHIB): Current Landscape and Future Prospects
Shiba Inu Coin, popularly known as ShibaCoin or SHIB, is an Ethereum-based cryptocurrency created in 2020 by an anonymous developer, known as "Ryoshi." Initially launched as a "meme coin" and often referred to as the "DogeCoin killer," SHIB quickly gained popularity and created a strong community. Here’s an overview of SHIB’s present landscape and what might be in store for the future.
1. Current Landscape of ShibaCoin
SHIB is part of a larger ecosystem that includes other tokens like LEASH and BONE, which are intended to support the ecosystem’s decentralized exchange, ShibaSwap. Here’s a closer look at the coin’s current status:
Market Performance: SHIB has shown high volatility, which is common among meme coins. While it had significant price surges in 2021, the price has fluctuated considerably due to market trends and speculative trading.
Community and Social Impact: The Shiba Inu community has a strong online presence, with millions of followers and contributors. This has given SHIB a reputation for being community-driven, leading to increased attention and a wider base of support.
Utility and Ecosystem: Unlike Dogecoin, Shiba Inu has built an ecosystem with ShibaSwap, NFTs, and staking options, adding some utility. However, it still lacks the robust functionality seen in larger blockchain projects.