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This Might Be the Reason Why Bitcoin Dropped 7% The biggest cryptocurrency, Bitcoin (BTC) price recorded a major drop on Friday morning after hitting back to back record breaking rally. BTC price dropped from the highs of $73,000 price to the lows of $66,000 within a few hours. However, this decline coincided with the huge whale movements in the market. Bitcoin price dropped due to Binance movement? According to the data shared by Lookonchain, a Binance deposit wallet transferred 4,637 Bitcoin (approx worth $329 million) to Binance’s hot wallet in the last 24 hours. Another similar movement got caught by the tracker which raised suspicion among the traders. The other transaction was the deposit wallet moving 5,876 BTC (approx worth $319 million) to Binance hot wallet during the BTC price drop recorded on March 5. The sudden movement of such huge amounts of BTC to Binance has raised questions about its potential impact on market sentiment. Bitcoin price dropped by more than 7% in the last 24 hours leading to semi market collapse. Meanwhile, this price decline came in after BTC surge of around 50% in the last 30 days. So, it came to be seen as a market correction but still, it is undecided whether the crypto market lose more before the next surge. As per reports, analysts are suggesting that Bitcoin’s recorded pullback is natural as it came after many high speed rallies. Can this change market sentiments? The original crypto, Bitcoin is trading at an average price of $67,876, at the press time. It dropped by 7% from its all time high of $73,750 recorded on March 14. However, its 24 hour trading volume is up by 65% to stand at $76.7 billion. It is holding a market cap of $1.33 trillion. Data provided by the Coinglass shows that, in the past 24 hours, more than approx $526 million worth of bullish crypto bets got liquidated. It marked the highest figure registered in about two weeks. The total liquidations comes in at $687.80 million. Around 195k traders got liquidated at the same time, while, the largest single liquidation order happened on the crypto exchange.
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#HotTrends $ID #HotTrends @Bullrun season SHORT ID/USDT 1h 15 Mar, 03:33:36 Entry $1.635 Stop Loss $1.742 Target 1 $1.504 R/R (ROI) 8.05% (1:1) Target 2 $1.357 R/R (ROI) 17.02% (1:3) #followmeformore #Write2Erarn
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Crypto Market Selloff: Top Reasons Why Bitcoin, Ethereum, Solana, SHIB Crash Today – perspective by CoinGape Crypto market bleeds on Friday, tanking the global crypto market cap by more than 7% to $2.55 trillion. Bitcoin (BTC) and Ethereum (ETH) price both tumbled over 7% and other altcoins including BNB, XRP, and Cardano (ADA) also fell. Despite the meme coins hype these days, Dogecoin (DOGE) and Shiba Inu (SHIB) prices also saw heavy profit booking, tumbling 12%. Traders and analysts predicted much-needed capitulation for the market to further rally amid Bitcoin halving. Two Main Reasons Why Bitcoin and Altcoins Crashed 👉Friday’s Options Expiry: The market fell in response to over $3 billion in Bitcoin and Ethereum options expiry on Friday, March 15. The crypto market always witnesses huge volatility on options expiry. Notably, 30,568 BTC options of notional value $2.09 billion are set to expire today. The put-call ratio is 0.79 and max pain point is $66,000, indicating a profit booking scenario for options traders while remaining bullish. BTC price fell to a low of $66,770 which is still higher than the max pain price. However, Bitcoin will witness a recovery due to buy-the-dip opportunity. 👉Crypto Holdings Liquidated Amid Liquidity Flush: Crypto market saw over $680 billion in market value wiped in the recent liquidations amid liquidity flush. Coinglass data indicates over 192K traders liquidated in the last 24 hours with the largest single liquidation order of BTC-USDT swap valued at $13.30 millionon crypto exchange OKX. Nearly $543 million longs and $137 million shorts were liquidated, with Bitcoin and Ethereum witnessing over $242 million and $115 million liquidated. This caused the crypto market to bleed, but it also offered a buy-the-dip opportunity. #ETH #SHIBA🔥 #DOGE $BTC $SOL #Write2Erarn
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Here is why you shouldn't always hold in $MEME coins like $PEPE or even $FLOKI if you are a newbie and have little to invest. You haven't done any research but I did. 5th May, 2023 PEPE was at 0.00000373$ Two weeks later it jumped to $0.0000009$ For the mext 8 months it didn't even cross $0.000001$ Imagine you had $500 and invested all in PEPE. You would have lost $430. You would have started overthinking. I wish I had sold it at $0.0000037 blah blah. If $Pepe had gone this far. It can go downwards too. It's not that you will always make profits. Take little gains, Be Happy. Start Fresh. But don't invest what you can't afford to lose. That's why necessary Crypto education is key. Donate a Tip as it will motivate me to guide you further to help you make good decisions. #HotTrends #TrendingTopic: #PEPEALERT #Flokibullish #Write2Earnn
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Binance is listing a coin in 2 days and it’s getting monstrous attention. We’ve seen a LOT of success with tokens with strong fundamentals listed by Binance in the past, such as $PORTAL, $SEI, and many more. On Wednesday 13th, Binance is launching a hot new token on their launchpool called $AEVO. What is it? $AEVO is a decentralised trading platform with all the features and efficiency of a centralised exchange: - offers all the products a trade needs: options, perps, yield and structured products in a single place. - they already processed $10 billion of options trading volume since 2020 and proven itself for trust and security. - team consists of players from reputable companies such as Coinbase, Kraken and Goldman Sachs, and institutions such as Stanford, MIT and Cornell. Backed by BIG names such as Paradigm, Coinbase, Dragonfly, Nascent, Scalar Capital, Ethereal Ventures, Robot Ventures, Alliance It easy to buy just register on Binance and go to their launch pool.
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