BTC Long Squeeze: $385 Million Positions Liquidated As Bitcoin Drops
Bitcoin’s (BTC) recent drop appeared to have caught investors hoping that the cryptocurrency would find a bottom off guard. Long position liquidations reached their highest level since late January, as BTC extended its losses. BTC dropped below $40,000 for the first time since mid-March, following signs from the US government that inflation is expected to […]
Bitcoin (BTC) Stretches Losses, $37k Seems The Next Support Level
Bitcoin (BTC) stretched its loss on Monday, slipping further into a trading range that it has occupied for most of the year. Analysts expect the token’s losses to worsen in the coming months as inflationary pressures and a hawkish Federal Reserve intensify. BTC dropped 1% in the last 24 hours hitting a three-week low of […]
Bitcoin (BTC) Short Squeeze; Latest Rally Erases $140 Million Shorts
Bitcoin’s recent bullish rally took BTC to 2o22 highs, caught many traders off guard as they were expecting a drop. As of Monday, approximately $140 million worth of Bitcoin short positions have been liquidated in the previous 12 hours, according to data. Short positions in the cryptocurrency market surged over the weekend, with traders likely anticipating a […]
Terra Founder Moves To Acquire $10 Billion BTC For Reserves
Kwon further stressed that TerraUSD (UST), which is backed by $10 billion or more in Bitcoin reserves, will “start a new monetary era of the Bitcoin standard.” Do Kwon, the founder of Terraform Labs (TFL) and Terra (LUNA), an Ethereum competitor, has revealed plans to amass $10 billion in Bitcoin (BTC) to add to the […]
Ancient Bitcoin Wallet Holding 407 BTC Gets Reactivated
The ancient wallet has been dormant for about eight years. Ancient Bitcoin wallet containing 407 BTC ($15.5 million at press time) has been activated for the first time, since 2013, according to data given by Whale Alert. The coins were valued at $355,254 when they were first released, implying a gain of 4,266 percent. On […]