Latest news with #CoinGlass
Yahoo
5 hours ago
- Business
- Yahoo
XRP Drops 19% From Highs as $113M in Longs Liquidated
XRP (XRP-USD) plunged 19% from eight-year highs this week as a wave of liquidations rattled crypto markets, though analysts say the selloff is a healthy correction not a red flag. Warning! GuruFocus has detected 3 Warning Signs with NIO. The token dropped to $2.95 on Thursday after reaching a multi-year peak of $3.66, losing 12.5% in 24 hours. XRP long positions worth $113.6 million were liquidated, according to CoinGlass, including $106.8 million in longs. The broader crypto market also dipped 3% to $3.79 trillion, with total liquidations nearing $1 billion. The pullback followed weeks of overbought momentum. On the weekly chart, XRP's relative strength index dropped from 71 to 61, while the daily RSI fell to 56 after peaking at 88. Analysts say the correction could open the door to a more sustainable rally if the $3 support level also the 100-period simple moving average holds. This is a healthy shakeout, said market analyst XRPunkie. The $10$15 target remains on the table. Other analysts said the retreat is part of a broader cooldown after leverage overheated across altcoin markets. Market watchers are now eyeing $2.60 as the next key support if bulls fail to hold the line. This article first appeared on GuruFocus.
Yahoo
5 hours ago
- Business
- Yahoo
XRP Drops 19% From Highs as $113M in Longs Liquidated
XRP (XRP-USD) plunged 19% from eight-year highs this week as a wave of liquidations rattled crypto markets, though analysts say the selloff is a healthy correction not a red flag. Warning! GuruFocus has detected 3 Warning Signs with NIO. The token dropped to $2.95 on Thursday after reaching a multi-year peak of $3.66, losing 12.5% in 24 hours. XRP long positions worth $113.6 million were liquidated, according to CoinGlass, including $106.8 million in longs. The broader crypto market also dipped 3% to $3.79 trillion, with total liquidations nearing $1 billion. The pullback followed weeks of overbought momentum. On the weekly chart, XRP's relative strength index dropped from 71 to 61, while the daily RSI fell to 56 after peaking at 88. Analysts say the correction could open the door to a more sustainable rally if the $3 support level also the 100-period simple moving average holds. This is a healthy shakeout, said market analyst XRPunkie. The $10$15 target remains on the table. Other analysts said the retreat is part of a broader cooldown after leverage overheated across altcoin markets. Market watchers are now eyeing $2.60 as the next key support if bulls fail to hold the line. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
a day ago
- Business
- Yahoo
Ether, XRP Traders Book Bigger Losses Than Bitcoin as Crypto Bulls See $630M in Liquidations
A sharp pullback across crypto markets on Tuesday triggered nearly $735 million in liquidations with bulls bearing the brunt. Ether (ETH) and XRP (XRP) tracked futures bets booked larger losses than bitcoin in an unusual move, indicative of the higher interest toward altcoin traders in the past week. CoinGlass data shows ETH traders lost $152.78 million, the largest for any asset, followed by $88.58 million in liquidations for XRP. Bitcoin (BTC) came in third at $65.29 million, despite its larger market cap and deeper liquidity. While price action across the majors was mostly down by only a few percentage points, the high leverage used by retail traders in altcoins likely amplified their losses. In total, $625.5 million of the liquidations were on long positions, suggesting the selloff caught many bulls off guard after weeks of upward momentum. Other heavily hit tokens included Solana's SOL at $41 million, dogecoin (DOGE) at $40 million, and smaller DeFi tokens like SPK and PUMP seeing over $10 million in positions wiped. The absence of a clear catalyst and profit-taking near key resistance levels may have exacerbated the selloff. Ether had recently flirted with the $4,000 mark while Bitcoin traded above $118,000 — levels that had already prompted profit booking from larger wallets. As of writing, ETH is down roughly 3.6% on the day to trade near $3,540, while XRP fell 6% to $3.25, extending its weekly loss to over 12%. Bitcoin fared better, slipping just under 2% to hover around $116,800. Crypto liquidations occur when leveraged positions are forcibly closed due to a price move beyond a trader's margin threshold. This typically results in major losses and can trigger cascade effects during volatile moves. Traders use liquidation data to gauge market sentiment and positioning. Large long liquidations often signal panic bottoms, while short liquidations may precede a squeeze. Spikes in liquidations also help identify overcrowded trades and potential reversals. When paired with open interest and funding rate data, liquidation metrics can offer strategic entry or exit points, especially in overleveraged markets prone to sudden flushes or rallies. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
a day ago
- Business
- Yahoo
Ether, XRP Traders Book Bigger Losses Than Bitcoin as Crypto Bulls See $630M in Liquidations
A sharp pullback across crypto markets on Tuesday triggered nearly $735 million in liquidations with bulls bearing the brunt. Ether (ETH) and XRP (XRP) tracked futures bets booked larger losses than bitcoin in an unusual move, indicative of the higher interest toward altcoin traders in the past week. CoinGlass data shows ETH traders lost $152.78 million, the largest for any asset, followed by $88.58 million in liquidations for XRP. Bitcoin (BTC) came in third at $65.29 million, despite its larger market cap and deeper liquidity. While price action across the majors was mostly down by only a few percentage points, the high leverage used by retail traders in altcoins likely amplified their losses. In total, $625.5 million of the liquidations were on long positions, suggesting the selloff caught many bulls off guard after weeks of upward momentum. Other heavily hit tokens included Solana's SOL at $41 million, dogecoin (DOGE) at $40 million, and smaller DeFi tokens like SPK and PUMP seeing over $10 million in positions wiped. The absence of a clear catalyst and profit-taking near key resistance levels may have exacerbated the selloff. Ether had recently flirted with the $4,000 mark while Bitcoin traded above $118,000 — levels that had already prompted profit booking from larger wallets. As of writing, ETH is down roughly 3.6% on the day to trade near $3,540, while XRP fell 6% to $3.25, extending its weekly loss to over 12%. Bitcoin fared better, slipping just under 2% to hover around $116,800. Crypto liquidations occur when leveraged positions are forcibly closed due to a price move beyond a trader's margin threshold. This typically results in major losses and can trigger cascade effects during volatile moves. Traders use liquidation data to gauge market sentiment and positioning. Large long liquidations often signal panic bottoms, while short liquidations may precede a squeeze. Spikes in liquidations also help identify overcrowded trades and potential reversals. When paired with open interest and funding rate data, liquidation metrics can offer strategic entry or exit points, especially in overleveraged markets prone to sudden flushes or rallies. Fehler beim Abrufen der Daten Melden Sie sich an, um Ihr Portfolio aufzurufen. Fehler beim Abrufen der Daten Fehler beim Abrufen der Daten Fehler beim Abrufen der Daten Fehler beim Abrufen der Daten
Yahoo
3 days ago
- Business
- Yahoo
PEPE Dips Slightly as Market Cools, but Outperforms Broader Memecoin Sector
PEPE fell around 2% in the last 24-hour period as part of a broader 5% sell-off that started amid a crypto market slowdown and a wave of high-volume selling. The price slid from $0.000014268 to $0.000013568 during the session, with 349 billion tokens offloaded during the move, according to CoinDesk Research's technical analysis data model. The meme-inspired cryptocurrency briefly rallied to a session high of $0.000014713, supported by 11.7 trillion tokens traded in a single surge. But the attempt fizzled, encountering stiff resistance and triggering a swift reversal. The sharp move led to more than $4 million in liquidations, per CoinGlass data. That session high now stands as a firm technical ceiling, reinforcing trader doubts about near-term upside. Relative post volume on social media is up more than 23% compared to its 24-hour average, according to data from TheTie, suggesting growing interest. Support came in near $0.000013618, where buyers showed interest during earlier dips. While the token briefly moved below that level, it has since recovered to surpass it. Meanwhile, Nansen data shows that even as the top 100 addresses holding PEPE on Ethereum have increased their holdings by 0.11%, exchange wallets added 0.24% in the last 24 hours, showing a growing supply on the market. Despite the drop, PEPE is slightly outperforming the wider memecoin space. The CoinDesk Memecoin Index (CDMEME) saw a 2.4% drop in the last 24 hours, compared to PEPE's near 2% drop. Over the past month, PEPE is up nearly 55% compared to CDMEME's 41.7% rise. The frog-themed token has been outperforming after forming a golden cross pattern earlier this month. Crypto analyst Lark Davis on social media flagged a potential breakout target at $0.0000155. Technical Analysis Overview Trading volume spiked to 11.72 trillion tokens during a breakout attempt, signaling widespread market participation. Strong rejection at $0.000014713 now serves as a critical ceiling for further upside. Consistent buyer activity formed a key support near $0.000013618 A sharp deterioration began with 230.19 billion tokens sold in a concentrated period. Massive offloading occurred in successive waves of 237.67 billion, 329.19 billion, and finally 349.11 billion tokens. Activity dwindled to near-zero then, signaling trader fatigue and lack of conviction for recovery. Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
