Latest news with #CoinGlass
Business Mayor
5 days ago
- Business
- Business Mayor
Breaking down VIRTUAL's 13% daily surge: Is $2.44 next?
VIRTUAL surged 13.25%, hitting a four-month high. Virtuals protocol makes a bullish crossover from two fronts as momentum strengthens. After reaching $2.24 three days ago, Virtuals Protocol [VIRTUAL] faced strong rejection. The altcoin retraced to a low of $1.83. However, over the past day, VIRTUAL has successfully retested $1.8 support and rebounded to hit a 4-month high of $2.25. In fact, as of this writing, VIRTUAL was trading at $2.24. This marked a 13.26% increase over the past 24 hours. Over the same period, the altcoin's volume has surged by 69.16% to reach $329.34 million while the market cap was up $13.18%, hitting $1.44 billion. A surge in price alongside volume and market cap signals strong demand for an asset. As such, VIRTUAL was experiencing significant demand across all market participants in both spot and futures markets. Source: Coinalyze For starters, d emand in the spot market remains strong, with buyers dominating over the past day. VIRTUAL buyers have accumulated 5.18 million in volume, creating a positive market imbalance of 403K compared to sellers. The same trend extends to the Futures market, where VIRTUAL's Open Interest has surged 18.83% to $237 million, according to CoinGlass data. This sharp increase suggests that investors are heavily favoring futures contracts. Source: CoinGlass VIRTUAL's long and short data reveal that most Futures investors are favoring long positions. At press time, longs accounted for over 50% of all futures contracts, with the Long-to-Short Ratio exceeding 1, while shorts held 49% of total Futures. This preference for long positions is further supported by VIRTUAL's Funding Rate remaining positive across major exchanges. When longs dominate the market, it signals widespread bullish sentiment, with investors expecting prices to climb further in the near term. Source: Coinalyze Is VIRTUAL set for a sustained uptrend? According to AMBCrypto's analysis, the coin was currently experiencing a strong upward momentum amid rising demand. This strong upward momentum is evidenced by the fact that VIRTUAL has made bullish crossovers across two fronts. Over the past day, the altcoin's Stoch RSI made a bullish crossover, rising to 50. A crossover here suggests that the momentum to the upside is strong and is very likely to continue. Source: TradingView This upside momentum was further confirmed by another bullish crossover that emerged on VIRTUAL's RSI. A move to the upside here suggests that buyers have taken control of the market, thus displacing sellers in the market. RSI has surged to 66 with its MA sitting at 62. These crossovers pointed out that demand has strengthened the uptrend, and VIRTUALl could make more gains. Therefore, based on the above observation, if the trend continues with bullish sentiments persisting, the altcoin will find the next significant resistance around $2.44. Conversely, if the attempt by Bulls fails with sellers starting to realize a profit, a pullback will see VIRTUAL drop to $1.92.
Business Mayor
6 days ago
- Business
- Business Mayor
Bitcoin Short Positions Increase as Market Sentiment Shifts to Fear
Bitcoin recently broke above the $111,000 mark, setting a new all-time high. However, data across major exchanges suggests that traders are growing increasingly wary of a sustained rally. CoinGlass data indicate that over 53% of Bitcoin positions are currently short, meaning a majority of traders are betting on a price drop. By contrast, just 47.43% of active positions are long. The pattern is mirrored on Binance, where short trades make up 54.05% of open interest, compared to 45.95% for longs. This growing tilt toward shorts reflects mounting skepticism in the market, despite Bitcoin reaching new highs. The sentiment shift is reinforced by the latest move from prominent crypto whale James Wynn, who reversed his bullish stance after a multi-million dollar loss. Wynn had previously maintained an aggressively leveraged 40x long position worth around $1.25 billion but exited after Bitcoin's price dipped from $109,000 to roughly $107,107. The trader closed his long exposure at a loss of $13.39 million, with liquidation unfolding in under an hour on May 25. He has since opened a short position of 3,523 BTC—valued at approximately $377 million—at an entry price of $107,128. The new trade carries a liquidation threshold near $118,380. James Wynn Bitcoin Bet on Hyperliquid. Source: X/EmberCN Market analysts have suggested that Wynn's pivot reflects broader signs of exhaustion in the current bull cycle. According to blockchain analytics firm Alhpractal, short-term holders (STHs) have begun distributing coins. Historically, a decline in STH supply often signals that Bitcoin is approaching a local top. The firm noted that the Short-Term Holder Realized Price currently stands at $94,500, which is the last strong support before losses set in. Read More German government sells remaining Bitcoin holding - baha news In contrast, long-term holders (LTHs) remain firm, with their realized price climbing to $33,000—highlighting a widening behavioral gap. Bitcoin Short-Term Holders Distribution. Source: Alphractal Alphractal stated that while Bitcoin previously hit record highs under similar conditions in 2021, it warned that the current cycle may be nearing exhaustion. It added that several macro indicators and historical halving trends point to a possible correction after October 2025.
Yahoo
24-05-2025
- Business
- Yahoo
Bitcoin Shatters $110,000, XRP, Dogecoin, Ethereum Surge: 'Bulls Emerge Victorious,' Trader Concludes
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Crypto markets are surging on early Thursday, with Bitcoin hitting a new all-time high above $110,000 amid accelerating institutional adoption and robust ETF Price Gains +/- Bitcoin (CRYPTO: BTC) $110,681.06 +4% Ethereum (CRYPTO: ETH) $2,650.22 +4.3% Solana (CRYPTO: SOL) $178.1 +5.3% XRP (CRYPTO: XRP) $2.41 +2.7% Dogecoin (CRYPTO: DOGE) $0.2395 +5.6% Shiba Inu (CRYPTO: SHIB) $0.00001523 +4.9% Notable Statistics: IntoTheBlock data shows Bitcoin and Ethereum large transaction increased by 22.1% and 36.9%, respectively, while BTC's daily active addresses went up by 7.7% and exchange netflows are up by 332.7%. Coinglass data shows 125,650 traders were liquidated in the past 24 hours for $505.49 million. SoSoValue data shows $608.99 million in net inflows into spot Bitcoin ETFs and $587,000 in net inflows into spot Ethereum ETFs. CoinGlass data shows selling pressure for Bitcoin with nearly $200 million in stacked sell orders between $111,000–$113,200, with ~$8 million per $100 increment totalling around $200 million in cumulative sell pressure. According to Coin Bureau, retail investors have yet to fully enter the market as wallets holding less than 1 BTC ('shrimp' addresses) remain lower than in May 2024 and January 2021. Once retail floods in, sentiment could turn euphoric. Trader Notes: Glassnode data reports only $1 billion in profit-taking at Bitcoin's new all-time high, less than half the $2.1 billion seen when Bitcoin first crossed $100,000 in December. This suggests investors are holding tight for more upside. Don't Miss: Trade crypto futures on Plus500 with up to $200 in bonuses — no wallets, just price speculation and free paper trading to practice different strategies. Grow your IRA or 401(k) with Crypto – unlock the power of alternative investments including a Crypto IRA within your retirement account. Crypto trader Jelle sees Bitcoin having a target of $180,000 while Trader Tardigrade says Bitcoin broke out of a key battleground between bulls and bears and the bulls are now fully in charge and have emerged is breaking out of a bull pennant, with Ali Martinez targeting $ remains confident in his Solana holdings, expecting a strong rally once it clears $250. He expects a surge to $400–$500 once it clears resistance, as 'weak hands' have already been flushed out. Ethereum is holding strong, but Jelle believes the real rally begins once it reclaims $3,000, which could trigger a broader market wave. Read Next: New to crypto? Get up to $400 in rewards for successfully completing short educational courses and making your first qualifying trade on Coinbase. A must-have for all crypto enthusiasts: Sign up for the Gemini Credit Card today and earn rewards on Bitcoin Ether, or 60+ other tokens, with every purchase. Image: Shutterstock Send To MSN: Send to MSN This article Bitcoin Shatters $110,000, XRP, Dogecoin, Ethereum Surge: 'Bulls Emerge Victorious,' Trader Concludes originally appeared on
Yahoo
24-05-2025
- Business
- Yahoo
Crypto Market Sees $300M Liquidations as Trump Tariff Threats Flush Late Bulls
Crypto traders betting on a steady bitcoin BTC rally got a sharp reminder of headline risk from Donald Trump's latest tariff threats. Over $300 million worth of leveraged derivatives positions were liquidated across centralized exchanges in the past four hours, according to CoinGlass data, as crypto prices plunged following the news. Nearly all liquidations came from long positions—traders betting on higher prices. BTC longs accounted for $107 million of the total, while Ethereum's ether ETH followed with close to $87 million. Other tokens, including Solana's SOL SOL, dogecoin DOGE, and SUI SUI saw liquidations ranging between $10 million and $18 million. "Nice aggregate flush of long leverage and de-risk selling from spot," well-followed crypto trader Skew noted in an X post early Friday. "All driven by headlines once again." The sell-off came after Trump proposed a 50% tariff on imports from the European Union starting next month, along with a 25% tariff on iPhones manufactured outside the U.S., reigniting fears of an escalating trade war. As a result, BTC and major altcoins such as Ether ETH, XRP XRP, and Cardano ADA fell 3% to 4%, while smaller-cap tokens like Uniswap UNI and SUI SUI dropped 5% to 7% over the past 24 hours. Crypto trader named James Wynn, who gained attention recently opening a $1.1 billion BTC long bet with 40x leverage on the Hyperliquid exchange, also slipped underwater on the massive position. Currently, the trader is sitting on $7.5 million of unrealized losses, and the position could be liquidated if BTC slips to $102,000, according to a screenshot shared on X. Interestingly, the long liquidations came amid a recent unusual tilt toward short positions in BTC derivatives despite record prices, CoinDesk reported on in to access your portfolio
Business Mayor
18-05-2025
- Business
- Business Mayor
Binance coin: Spot vs. Futures traders – Who's in control of BNB's price?
BNB price rose 0.10% in 24 hours, but futures traders showed reduced confidence with declining Open Interest. Short traders lost over $102K in 24 hours despite a bearish bias, hinting at underlying bullish resilience. Binance Coin's [BNB] price movement over the past 24 hours has remained neutral, with a modest gain of 0.10%. While that sounds uneventful, under the hood, market behavior and on-chain signals tell a far more nuanced story. Spot and futures traders take different sides Spot traders have taken the bullish position, continuing to acquire more BNB from the market. Over the last day alone, $8.34 million worth of BNB moved off exchanges, bringing the week's net outflow to $31.28 million. This purchase is worth noting, as it indicates traders are acquiring BNB from exchanges and transferring it to private wallets. Source: CoinGlass This trend indicates a long-term positive outlook for the asset, which is crucial for maintaining its price stability. However, futures traders remain unconvinced. Notably, AMBCrypto found that Binance's largest traders by position size are the most bearish. This sentiment is reflected in the Taker Buy/Sell Ratio, reported by CoinGlass at 0.955. The Taker Buy/Sell Ratio, a key market indicator from CoinGlass, measures whether buying volume (above 1) or selling volume (below 1) is dominant. The broader market appears even more bearish, with the press time ratio at 0.9139, suggesting weaker buying pressure overall. Source: CoinGlass Open Interest (OI) has also declined, continuously trending lower. BNB's OI fell from $855.2 million earlier in May to $789.9 million. That drop in unsettled contracts shows reduced conviction and fading momentum. Source: CoinGlass Surprisingly, short traders recorded higher losses in the past 24 hours, losing $102,560 compared to $2,140 lost by long traders. Read More Uniswap drops to a key bullish zone – Is a pivot likely? Greater losses among short traders suggest that the market has tilted against them, giving the advantage to the longs. BNB development activity drops Having said that, activity on the BNB Smart Chain paints a more cautious picture. After a solid build-up earlier this month, daily smart contract deployment has sharply pulled back. According to BscScan, deployments dropped 34.77% in 24 hours to 54,369. Verified contracts also fell 22.69% to 259. Naturally, fewer contracts mean lower network usage and less on-chain demand for BNB. Source: BSCscan The continued slowdown in development activity could be a defining factor in whether BNB stages a rally or faces further decline.
