Crypto Shocked With $1.4 Billion Squeeze As Bitcoin Crashes Under $104,000
Data shows the cryptocurrency derivatives market has been hit with nearly $1.4 billion in liquidations as Bitcoin and altcoins have crashed. Bitcoin Has Witnessed A Plunge Below $104,000 The first week of November has kicked off on a bearish note for the cryptocurrency sector as Bitcoin and other digital assets have plummeted. BTC is down […]
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Data shows the cryptocurrency long investors have suffered a massive beating in the past day as Bitcoin and the altcoins have plunged. Bitcoin Briefly Broke Under $103,000 During The Crash The cryptocurrency market has been shocked in the past day as Bitcoin and altcoins have all gone through a drawdown of some degree. At present, […]
The current Bitcoin volatility Index values suggest that a short squeeze may be near, if past pattern continues to hold. Past Bitcoin Volatility Index Pattern Suggests A Short Squeeze May Happen Here As explained by an analyst in a CryptoQuant post, the BTC volatility index has now reached values where a short squeeze has happened in the past. The “volatility index” is an indicator that shows how much the price of Bitcoin has fluctuated in a day compared to its historical average. When the value of this metric rises, it means the crypto’s price has recently seen higher....
As a result of the recent pullback in the cryptocurrency market over the weekend, Ethereum (ETH) has created two Chicago Mercantile Exchange (CME) gaps at $3,000 and $2,600. Crypto analyst Ted suggests that a short squeeze could soon push the price beyond $3,000, potentially filling these two CME gaps. Is An Ethereum Short Squeeze Imminent? […]
The crypto market suffered a devastating $19 billion wipeout as XRP and Bitcoin (BTC) were caught in a brutal sell-off that shocked traders worldwide. Within minutes, XRP wiped out over 50% of its value, dropping down to $0.77 before partially rebounding, marking one of its steepest intraday losses in history. While early reports blamed political […]
Data shows that on Monday crowded Bitcoin shorts have lead to the largest recorded squeeze in the history of the cryptocurrency. Bitcoin Records Largest Short Squeeze Ever As per an Arcane Research report, BTC has recorded the largest squeeze in its history where $750 million worth of shorts have been liquidated. Here is a chart that shows the data for Bitcoin short liquidations over the past one year: BTC short squeeze spikes | Source: Arcane Research As is clear from the above graph, the short squeeze seen on Monday, 26 July, hasn’t been observed in the past year. In fact,....