Coinglass
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đž $BTC #Coinglass : Following the recent $128.37 million liquidation on Binance due to bitcoin price correction, it looks like an additional $93.67 million in BTC positions could face liquidation if BTC rebounds to $72,800.
The panic sell resulted in over $1 billion in liquidations, according to data from #Coinglass . #MarketDownturn
#Bitcoinâ Plummets to $62K, $310M in Long Positions Liquidated
On August 1, $BTC experienced a sharp drop, declining from $64,000 to $62,800. This sudden downturn resulted in the liquidation of long positions worth $310.27 million in a 24-hour period that saw a total of $337 million wiped out, according to #Coinglass
In the past 24 hours, over $77.07 million worth of long bitcoin positions were liquidated, with $26.6 million of that occurring in just the last four hours. The largest single liquidation involved an ETH-USDT swap worth $4 million on the OKX crypto exchange.
Market analys DW noted that despite the significant drop, the situation was not âextreme.â DW pointed out the current low liquidity in the market, a condition that amplifies the effects of selling. DW mentioned ongoing concerns, including the unresolved Mt. Gox issue and the seasonal low liquidity post-Bitcoin 2024 conference, which could magnify any selling activity.
#btcupdates2024 #BTCâ #CryptoNewsCommunity
On August 1, $BTC experienced a sharp drop, declining from $64,000 to $62,800. This sudden downturn resulted in the liquidation of long positions worth $310.27 million in a 24-hour period that saw a total of $337 million wiped out, according to #Coinglass
In the past 24 hours, over $77.07 million worth of long bitcoin positions were liquidated, with $26.6 million of that occurring in just the last four hours. The largest single liquidation involved an ETH-USDT swap worth $4 million on the OKX crypto exchange.
Market analys DW noted that despite the significant drop, the situation was not âextreme.â DW pointed out the current low liquidity in the market, a condition that amplifies the effects of selling. DW mentioned ongoing concerns, including the unresolved Mt. Gox issue and the seasonal low liquidity post-Bitcoin 2024 conference, which could magnify any selling activity.
#btcupdates2024 #BTCâ #CryptoNewsCommunity
LIVEBabaYaga Calls
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Bullish
The Dynamics of Bitcoin Mining
As of July 31, 2024, data from CryptoQuantâa firm that analyzes cryptocurrency assetsâindicates a shifting landscape in #bitcoinâïž Â mining. Despite the common perception of a downtrend in miner sales, significant insights reveal an adjustment phase among large-scale miners. This report comes at a time when the Bitcoin price has rallied to $69,000.
Here the analysis based on current position :
Bitcoin has broken down from a rising wedge pattern and has successfully retested the breakdown level.If the price cannot break above this support area, we might see a move towards the $60,000 major support area.So Keep an eye on the price action.However, if it breaks down through the demand zone, we may see further correction in the market.
#BTCâ #BTCUSDT! #CryptoNewss
As of July 31, 2024, data from CryptoQuantâa firm that analyzes cryptocurrency assetsâindicates a shifting landscape in #bitcoinâïž Â mining. Despite the common perception of a downtrend in miner sales, significant insights reveal an adjustment phase among large-scale miners. This report comes at a time when the Bitcoin price has rallied to $69,000.
Here the analysis based on current position :
Bitcoin has broken down from a rising wedge pattern and has successfully retested the breakdown level.If the price cannot break above this support area, we might see a move towards the $60,000 major support area.So Keep an eye on the price action.However, if it breaks down through the demand zone, we may see further correction in the market.
#BTCâ #BTCUSDT! #CryptoNewss
via WuBlockchain on X
According to #Coinglass data, in the past 24 hours, #YFI , the #yearnFinance token, plummeted by more than 35%, and more than $4.7 million were liquidated. YFI contract positions once reached as high as 160 million U.S. dollars today. Currently, YFI positions on major platforms have dropped significantly.
According to #Coinglass data, in the past 24 hours, #YFI , the #yearnFinance token, plummeted by more than 35%, and more than $4.7 million were liquidated. YFI contract positions once reached as high as 160 million U.S. dollars today. Currently, YFI positions on major platforms have dropped significantly.
In the past 24 hours, futures transactions saw liquidations totaling $74 million according to Coinglass data.
Long positions accounted for 55% of this amount, equivalent to $40 million.
#Coinglass #altcoins #BlackRock #BTC #CryptoWatchMay2024
Long positions accounted for 55% of this amount, equivalent to $40 million.
#Coinglass #altcoins #BlackRock #BTC #CryptoWatchMay2024
đ #Coinglass : Open interest in Bitcoin Cash futures is $609 million, a new all-time high!
5 days left to $BCH halving!
5 days left to $BCH halving!
Liquidations in the Cryptocurrency Market Today and the Mt. Gox Impact. đ€
Today's minor downturn in the cryptocurrency market has particularly affected leveraged long position investors.*
The decrease in Bitcoin prices triggered a significant wave of liquidations in derivative markets.
According to Coinglass data, over $220 million in liquidations occurred, with $160 million stemming from long positions.
Liquidations in Bitcoin and Other Cryptocurrencies:
The majority of liquidations occurred in Bitcoin, totaling $36.4 million.
Other major cryptocurrencies like Ethereum, Solana, and ORDI were also impacted.
Liquidations amounted to $28.5 million in Ethereum, $20.2 million in Solana, and $8.3 million in ORDI.
Impact of the Mt. Gox Incident on the Market:
Some of the market volatility is attributed to claims that Mt. Gox has started reimbursing its creditors.
Mt. Gox, once the largest exchange in the industry, suffered a massive attack in 2014, resulting in the theft of 850,000 Bitcoins.
The ongoing legal process since the incident estimates the current value of the stolen Bitcoins at around $36 billion.
#Coinglass #MtGox #liquidation #Liquidated
Today's minor downturn in the cryptocurrency market has particularly affected leveraged long position investors.*
The decrease in Bitcoin prices triggered a significant wave of liquidations in derivative markets.
According to Coinglass data, over $220 million in liquidations occurred, with $160 million stemming from long positions.
Liquidations in Bitcoin and Other Cryptocurrencies:
The majority of liquidations occurred in Bitcoin, totaling $36.4 million.
Other major cryptocurrencies like Ethereum, Solana, and ORDI were also impacted.
Liquidations amounted to $28.5 million in Ethereum, $20.2 million in Solana, and $8.3 million in ORDI.
Impact of the Mt. Gox Incident on the Market:
Some of the market volatility is attributed to claims that Mt. Gox has started reimbursing its creditors.
Mt. Gox, once the largest exchange in the industry, suffered a massive attack in 2014, resulting in the theft of 850,000 Bitcoins.
The ongoing legal process since the incident estimates the current value of the stolen Bitcoins at around $36 billion.
#Coinglass #MtGox #liquidation #Liquidated
$156M in Crypto Liquidations in 24 Hours đš
According to #Coinglass data, the total amount of cryptocurrency market liquidations across the network in the past 24 hours reached $156 million, with both long and short positions being liquidated.
Specifically, long positions accounted for $76.36 million, while short positions accounted for $79.28 million. Bitcoin #liquidations totaled $40.39 million, and Ethereum liquidations totaled $52.31 million.
A total of 46,805 people were liquidated, with the largest single liquidation occurring on Binance - #ETHBTC , valued at $5.1864 million.
#Binance
#crypto2024
According to #Coinglass data, the total amount of cryptocurrency market liquidations across the network in the past 24 hours reached $156 million, with both long and short positions being liquidated.
Specifically, long positions accounted for $76.36 million, while short positions accounted for $79.28 million. Bitcoin #liquidations totaled $40.39 million, and Ethereum liquidations totaled $52.31 million.
A total of 46,805 people were liquidated, with the largest single liquidation occurring on Binance - #ETHBTC , valued at $5.1864 million.
#Binance
#crypto2024
đ LUNA And LUNC Prices To Rally?
The decision to burn a substantial amount of LUNA has fueled optimism among investors and the Terra community. Token burns typically reduce the circulating supply, which can create upward pressure on prices if demand remains constant or increases.
Having said that, many are speculating that #LUNAâ and #LUNCâ could experience a significant price rally following TFLâs latest announcement. Notably, 98.55% of the total votes were cast in favor of the proposal, with only 1.45% vote for Abstain.
Meanwhile, as TFL steps back, the Terra blockchainâs future will increasingly rely on community-led initiatives. The #Phoenix Directive, set to take over operational responsibilities, will play a crucial role in guiding the networkâs evolution.
However, as of writing, $LUNC price was down nearly 5% to $0.00008412, with its trading volume declining 52.56% to $17.81 million over the last 24 hours. On the other hand, the $LUNA price was down 3.83% to $0.3707, after touching a high of $0.3889 in the last 24 hours.
Simultaneously, the LUNA Open Interest (OI) dropped over 7% to $4.96 million, while the LUNC OI plunged 11% to $7.57 million, #Coinglass data showed. Despite the recent downturn momentum, the community anticipates a rebound in the prices, given the optimism over the major token burn ahead.
#DOGSONBINANCE
The decision to burn a substantial amount of LUNA has fueled optimism among investors and the Terra community. Token burns typically reduce the circulating supply, which can create upward pressure on prices if demand remains constant or increases.
Having said that, many are speculating that #LUNAâ and #LUNCâ could experience a significant price rally following TFLâs latest announcement. Notably, 98.55% of the total votes were cast in favor of the proposal, with only 1.45% vote for Abstain.
Meanwhile, as TFL steps back, the Terra blockchainâs future will increasingly rely on community-led initiatives. The #Phoenix Directive, set to take over operational responsibilities, will play a crucial role in guiding the networkâs evolution.
However, as of writing, $LUNC price was down nearly 5% to $0.00008412, with its trading volume declining 52.56% to $17.81 million over the last 24 hours. On the other hand, the $LUNA price was down 3.83% to $0.3707, after touching a high of $0.3889 in the last 24 hours.
Simultaneously, the LUNA Open Interest (OI) dropped over 7% to $4.96 million, while the LUNC OI plunged 11% to $7.57 million, #Coinglass data showed. Despite the recent downturn momentum, the community anticipates a rebound in the prices, given the optimism over the major token burn ahead.
#DOGSONBINANCE
đ $BTC #Coinglass : Over the past 7 days, >16K BTC have leaked from the Binance exchange wallet, and >28K BTC from Kraken.
đ #Coinglass : Network-wide open interest in $BTC options fell below $18.5 billion, hitting a new low over the past month.
XRP Rockets 66% in Volume as Bulls Take Charge
XRP sees $2 billion boom amid 66% increase in volume
$XRP
sees the sudden increase in trading activity as, according to data from #Coinglass , the perpetual derivatives market for the seventh largest cryptocurrency soared by over 66% in the last 24 hours. As a result, total derivatives turnover on #Xrpđ„đ„ reached $1 billion, making the token the 12th largest by this measure.Â
Increased trading activity with XRP was also seen in the spot market, where the total trading volume reached over $1.03 billion, which is 71% higher than the day before. In summary, the total turnover of XRP across all markets was over $2.03 billion.Â
Calculating a ratio with this figure against the token's market capitalization, we get a result of 6.6%, which means a rather normal and not extraordinary level of engagement in XRP trading.Â
XPR price outlook
The increase in trading activity is not only due to XRP but can also be attributed to the fact that the new week started with optimism among crypto market participants. This optimism may be due to expectations of an easing of recent geopolitical tensions.Â
As a market with more risk-taking participants, crypto is emerging as the first destination for all of the hot money.
The surge also coincides with the growth of the XRP price. Enjoying an increase of more than 1.5% since the beginning of the week, the price of the popular cryptocurrency now stands at $0.54.Â
XRP to USD by #CoinMarketCap
However, compared to last week's drop worth 16.78%, XRP still has a long way to go to at least recover to levels seen at the end of September. Maybe some news about the #xrpetf will give it an additional boost, but the price chart does not signal anything like that yet.
#moonbix
$XRP
sees the sudden increase in trading activity as, according to data from #Coinglass , the perpetual derivatives market for the seventh largest cryptocurrency soared by over 66% in the last 24 hours. As a result, total derivatives turnover on #Xrpđ„đ„ reached $1 billion, making the token the 12th largest by this measure.Â
Increased trading activity with XRP was also seen in the spot market, where the total trading volume reached over $1.03 billion, which is 71% higher than the day before. In summary, the total turnover of XRP across all markets was over $2.03 billion.Â
Calculating a ratio with this figure against the token's market capitalization, we get a result of 6.6%, which means a rather normal and not extraordinary level of engagement in XRP trading.Â
XPR price outlook
The increase in trading activity is not only due to XRP but can also be attributed to the fact that the new week started with optimism among crypto market participants. This optimism may be due to expectations of an easing of recent geopolitical tensions.Â
As a market with more risk-taking participants, crypto is emerging as the first destination for all of the hot money.
The surge also coincides with the growth of the XRP price. Enjoying an increase of more than 1.5% since the beginning of the week, the price of the popular cryptocurrency now stands at $0.54.Â
XRP to USD by #CoinMarketCap
However, compared to last week's drop worth 16.78%, XRP still has a long way to go to at least recover to levels seen at the end of September. Maybe some news about the #xrpetf will give it an additional boost, but the price chart does not signal anything like that yet.
#moonbix
