Bitcoin Massive Spike In Long Positions Raises Red Flag, On-Chain Platform Warns
While the general crypto market is slowly turning bearish, Bitcoin continues to hold above key support levels, which previously acted as strong resistance a few days ago. BTC’s renewed uptrend has attracted significant interest among investors, as observed by a rise in bullish bets, but the future may not be all promising. Bullish Bets On […]
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Shiba Inu (SHIB) is again catching the attention of crypto whales as on-chain data shows a 240% spike in this crucial metric. Thanks to the surge in this on-chain metric, a massive price rally for the second-largest meme coin by market cap might be on the horizon. Shiba Inu Records 240% Surge In Large Transactions […]
Key Highlights. Litecoin's price continued to move higher intraday, and our buying idea yesterday was successful. Now, a bullish flag pattern is forming on the hourly chart (data feed from HitBTC), which may ignite another upside rally. A break above the flag resistance area could take the price higher towards $4.00-05 in the near term. Litecoin's price is trading with a bullish bias, and there is another pattern forming which may help buyers to take it even higher. Break Higher? Litecoin price followed a nice uptrend on the 1-hour chart, and it looks like there is more upside left moving....
Discover the intricacies of short and long positions in crypto trading. These principles can be applied by both new and experienced traders. How can margin trading amplify the targets of long and short positions?Margin trading can magnify the potential results of long and short positions thanks to leverage — i.e., borrowed funds.Going long or short might be lucrative, especially when the cryptocurrency is volatile. Still, professional traders prefer margin trading, as they can amplify potential profits by several times. However, the risks also increase by the same degree, which is why....
Data shows around 300k in ETHUSD long positions have been closed on the Bitfinex Ethereum futures market, something that could provide impedance to the latest rally. Ethereum Long Positions Have Dropped By More Than 300k During The Last Few Days On Bitfinex As pointed out by an analyst in a CryptoQuant post, the past data of the ETHUSD long positions on the crypto exchange Bitfinex would suggest the current pattern may prove to be bearish for the value of the coin. The relevant metric here is the total number of Ethereum long positions (ETHUSD pair) currently open on the Bitfinex exchange.....
Bitcoin’s narrow price movement over the past week contradicts a much different development in the futures market. According to Axel Adler Jr., an analyst at on-chain analytics platform CryptoQuant, a sharp rise in the long liquidation dominance metric could set the stage for a significant shift in sentiment that may completely wash out bears from the market. Adler shared the data in a recent post on X, accompanied by a chart showing previous points that resemble the current setup. Long Liquidation Spike Without Price Crash The dominance of long liquidations has jumped from 0% to +10% over....