Latest news with #AI16Z
Hamilton Spectator
5 days ago
- Business
- Hamilton Spectator
BTCC Exchange Launches Hot Coins Trading Week Campaign Series Ahead of 14th Anniversary Celebration
A Media Snippet available here. VILNIUS, Lithuania, May 28, 2025 (GLOBE NEWSWIRE) — BTCC , the world's longest-serving crypto exchange, is excited to announce the launch of its Hot Coins Trading Week campaign series, marking the beginning of pre-anniversary celebrations leading up to the platform's 14th milestone in June. The first round of the campaign focuses on carefully selected spot and futures pairs that have gained significant traction among the exchange's user base of over 7 million. The first round, which runs from May 26 to June 2, 2025, features a diverse selection of trending pairs including TRUMP, PI, and AI16Z. The campaign offers substantial rewards totaling 50,000 USDT across two prize pools, including exclusive benefits for new users and trading volume-based rewards for active participants: 'These selected pairs not only reflect current market trends, but also align with our users' trading behavior observed over the past quarter,' said Alex, Head of Operations at BTCC. 'After 14 years, we know what our community wants to trade. This campaign gives our traders straightforward spot trading on the assets they're most excited about, with more rounds featuring different coins coming as we build up to our June anniversary.' The timing of this campaign series strategically positions BTCC as it approaches its 14th anniversary milestone in June. The exchange has built a reputation for longevity and stability in the volatile cryptocurrency market, making it one of the industry's most established platforms. Users can participate in the current round through BTCC's platform , with additional rounds to be announced in the coming weeks. The exchange encourages traders to stay updated on campaign developments and anniversary celebrations through BTCC's official X account . About BTCC Founded in 2011, BTCC is one of the world's longest-serving cryptocurrency exchanges, offering secure and user-friendly trading services to millions of users globally. With a commitment to security, innovation, and community building, BTCC continues to be a trusted platform in the evolving cryptocurrency landscape. Website: X: Contact: press@
Business Mayor
13-05-2025
- Business
- Business Mayor
AI16Z under pressure! – Why bulls need to reclaim THIS price soon
Whale accumulation failed to reverse AI16Z's trend as bearish technical signals intensify. Price rejection at $0.3678 and long liquidations suggested limited bullish control. A whale has acquired 5.57 million ai16z [AI16Z] tokens worth $2 million through Jupiter Aggregator, drawing attention as the market continues to show conflicting technical and sentiment signals. At the time of writing, AI16Z t raded at $0.3455, down 10.38% in the last 24 hours. While such large transactions often stir speculation, current price action and broader derivatives data suggest that immediate direction remains uncertain. AI16Z derivatives sentiment – Falling Open Interest signals… Open Interest (OI) has dropped 13.88% to $117.45 million, signaling broad position reductions. This decline suggests waning trader confidence or increased risk aversion following recent volatility. Leverage is also cooling down—often a sign of an impending trend reset. However, a steep OI drop without price recovery indicates uncertainty rather than conviction. Until new positions increase alongside rising volume, the market may remain choppy, with buyers hesitant around key resistance levels. In the past 24 hours, long liquidations totaled $98.81K, compared to just $3.37K in shorts. This suggests bulls were caught offside. Despite the wipeout, AI16Z failed to establish higher lows or reclaim previous support levels. Binance and Bybit led these liquidations, reflecting institutional de-risking. This imbalance paints a bearish outlook unless the price stabilizes and reversal signs emerge. Source: Coinglass Liquidation map – Rising short pressure, but buyers lack momentum The liquidation map shows dense short leverage below $0.339 and a buildup above $0.36. The press time of $0.3455 sat in a key decision zone. While clearing shorts below $0.34 previously triggered upward wicks, price failed to hold those levels. This reveals that buyer strength may not yet match short pressure. In fact, rising short leverage on Bybit and OKX suggests traders expect further downside. Therefore, unless bulls push decisively above $0.36, short pressure could regain control. Source: Coinglass AI16Z technical structure – Weak reaction at support AI16Z bounced off the 0.382 Fibonacci level at $0.3430, but the reaction remains weak. The 0.236 Fib at $0.3678 has acted as strong resistance, rejecting upward attempts. At press time, RSI was at 51.23, showing neutral momentum but no clear bullish divergence. Also, failed attempts to reclaim $0.36 show that bulls lack follow-through. Therefore, price may continue ranging or decline toward $0.3229 (0.5 Fib) and $0.3029 (0.618 Fib) if volume doesn't return and RSI drifts below 50. Source: TradingView What's next? Despite a $2 million whale purchase, AI16Z has failed to hold above key levels. Long liquidations dominate, OI is declining, and RSI indicates weakening momentum. Unless bulls reclaim $0.3678 and shift volume in their favor, bearish signals suggest continued downside risk.
Associated Press
26-04-2025
- Business
- Associated Press
BTCC Exchange Achieves Remarkable Growth in Q1 2025: Record Trading Volume of $815 Billion, Strengthened User Protection, and More User-Centric Initiatives
BTCC Exchange recorded $815B in Q1 2025 trading volume while strengthening its Risk Reserve Fund to $15M, growing its user base to over 7M with expanded offerings. VILNIUS, Lithuania, April 26, 2025 -- BTCC, the world's longest-serving crypto exchange, announced outstanding growth for the first quarter of 2025, with total trading volume reaching $815 billion. The exchange revealed a remarkable surge in trading activity, service expansion, and strengthened commitments to user security. 71% Surge in Futures Trading Propels Q1 Performance In the first quarter of 2025, BTCC achieved remarkable growth with total futures trading volume reaching $720 billion, representing a 71% quarter-over-quarter increase. Spot trading volume grew to $95 billion, up 54% from the previous quarter. The exchange has listed a variety of popular coins, including PI, TRUMP, and AI16Z, to meet the needs of diverse traders seeking innovative and trending cryptocurrencies in the market. The user base also showed impressive growth, surpassing the 7 million milestone and reaching 7.04 million registered users by the end of Q1 2025. This achievement reflects the growing trust in BTCC as a reliable platform and its expanding global footprint. $15M Risk Reserve Fund Safeguards 280,000 Traders BTCC has reinforced its commitment to user asset security by adding $4.3 million to its Risk Reserve Fund in Q1, which brings the cumulative total to over $15 million. This protective measure has already assisted approximately 280,000 users in the first quarter of this year, offering comprehensive coverage for negative balance accounts during extreme market volatility and compensating traders impacted by system failures. 'In today's volatile global market, characterized by geopolitical conflicts and macroeconomic uncertainties, crypto assets face unprecedented opportunities and challenges,' said Alex, Head of Operations at BTCC. 'For our users, this is a time of both challenges and opportunities. We are proud of our Q1 data, which reflects our commitment to protecting users' funds and building trust. Our mission is to serve as a stable anchor during market fluctuations, actively reducing risks while fostering a community built on trust and reliability.' Prioritizing User-Centric Initiatives Beyond strengthening user protection, BTCC implemented campaigns and service enhancements during Q1 2025. The exchange distributed 5 million USDT in rewards through targeted campaigns designed for diverse user segments, including new users, longtime users, beginners, and advanced traders. The VIP program was also revamped in the first quarter to cater to high-volume traders. Upgrades included more competitive fee structures, the introduction of VIP Status Protection Periods, substantial upgrade rewards, exclusive luxury experiences, and more. The exchange further demonstrated its commitment to corporate social responsibility through active participation in various charitable initiatives, such as collaborations with Red Eagle Foundation, reinforcing its dedication to giving back to communities worldwide. TOKEN2049 Sponsorship and Proof of Reserves on Horizon Looking ahead, BTCC will participate as a gold sponsor at TOKEN2049, one of the industry's premier events that will take place on April 30 and May 1 in Dubai. Additionally, the exchange plans to announce its Proof of Reserves (PoR) soon, which will further enhance transparency and security for its users. To strengthen its market position, BTCC is exploring strategic sponsorship opportunities aimed at increasing brand visibility in key regions. As BTCC enhances its services while prioritizing user protection, the platform is well-equipped to thrive in the next quarter, backed by a strong user base and record trading volumes. About BTCC Exchange Founded in 2011, BTCC is a leading global cryptocurrency exchange with the vision to make crypto trading reliable and accessible to everyone. With a strong presence in over 100 countries and regions and a user base of over 7.04 million, BTCC continues to deliver innovation, security, and an unmatched user experience in the cryptocurrency world. Media Contact: Aaryn Ling BTCC Exchange [email protected] Contact Info: Name: Aaryn Ling Email: Send Email Organization: BTCC Exchange Website: Disclaimer: This press release is for informational purposes only. Information verification has been done to the best of our ability. Still, due to the speculative nature of the blockchain (cryptocurrency, NFT, mining, etc.) sector as a whole, complete accuracy cannot always be guaranteed. You are advised to conduct your own research and exercise caution. Investments in these fields are inherently risky and should be approached with due diligence. Release ID: 89158631 In case of detection of errors, concerns, or irregularities in the content provided in this press release, or if there is a need for a press release takedown, we strongly encourage you to reach out promptly by contacting [email protected] (it is important to note that this email is the authorized channel for such matters, sending multiple emails to multiple addresses does not necessarily help expedite your request). Our efficient team will be at your disposal for immediate assistance within 8 hours – resolving identified issues diligently or guiding you through the removal process. We take great pride in delivering reliable and precise information to our valued readers.
