Latest news with #Coinglass
Yahoo
5 days ago
- Business
- Yahoo
XRP Volatility Spikes With $105M in Longs Liquidated Amid ETF Jitters
What to Know XRP posted sharp losses during the July 24–25 session, dropping 8% as the token traded in a $0.30 range from $2.96 to $3.26. An early session rally fizzled after profit-taking intensified near the resistance level, while a sudden liquidation wave wiped out more than $100 million in long positions. Despite the selloff, key support at $3.06–$3.10 held through repeated tests, with late-session price action showing signs of potential stabilization. Nature's Miracle and Brazil's VERT made headlines with new XRP-based strategies, but institutional sellers dominated the tape amid fears that ETF approvals may face delays. News Background • XRP traded in a 7.85% range between $2.96 and $3.26 over 24 hours starting July 24 at 05:00.• Coinglass data showed over $18 billion in total crypto liquidations during the session.• XRP long liquidations topped $105 million, contributing to rapid declines.• Nature's Miracle announced a $20 million XRP treasury plan.• Brazil-based VERT deployed a $130 million blockchain solution built on the XRP Ledger. Price Action Summary The session opened at $3.13 and saw a sharp drop to $2.96, followed by a bounce to a $3.26 high at 15:00 on 175.94 million volume — more than double the average. However, resistance at $3.24–$3.26 capped gains. Price collapsed again late in the session, dropping to $3.05 during the 03:00–04:00 window on a 6.2 million volume spike, likely due to forced selling or liquidation flows. XRP recovered modestly to close at $3.08. Technical Analysis • Trading range of $0.30 between $2.96 low and $3.26 high.• Heavy resistance confirmed at $3.24–$3.26 after rejection post 15:00 rally.• Critical support at $3.06–$3.10 tested repeatedly with volume-backed bounces.• Final hour shows breakdown to $3.05 before reclaiming $3.08 — a possible bullish reversal signal.• Liquidation-driven volatility suggests increased risk, but firm bid zones offer short-term structure. What Traders Are Watching • Whether XRP can hold the $3.06–$3.10 zone into the next session.• Impact of further ETF-related developments from U.S. regulators.• Signs of institutional reentry or renewed retail participation above $3.15.• Broader crypto market stability following multi-billion-dollar liquidations.
Yahoo
18-07-2025
- Business
- Yahoo
Dogecoin Open Futures Bets Surge to Record 16B DOGE as Prices Top Downtrend Line
Futures tied to dogecoin (DOGE) are hotter than ever as prices for the joke cryptocurrency surge past a bearish trendline. The cumulative open interest in the standard and perpetual futures listed worldwide has risen to a record 16.24 billion DOGE, around $4 billion worth of tokens at current prices, up 48% for the month, according to data source Coinglass. The previous record of 14.31 billion DOGE was hit in January this year. Open interest refers to the number of active or open contracts at a given time. A rise in open interest alongside a rise in price is said to confirm the uptrend. Moreover, DOGE's perpetual funding rates hold positive, indicating a growing demand for leveraged bullish futures bets. An increased demand for leveraged bets often leads to heightened price volatility. DOGE's price has rallied 47% to over 24 cents this month, surpassing the trendline that characterized the steep sell-off from the December high of around 48 cents, according to data from TradingView. The breakout indicates the path of least resistance is now on the higher side. Prices have also topped the 200-day simple moving average to suggest a renewed bull market. 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
15-07-2025
- Business
- Yahoo
Ether Sees Record Short Build up as Hedge Funds Pile on Basis Trade
Hedge funds have been aggressively shorting ether (ETH) during the recent uptick to $3,000 as they attempt to harvest a yield by carrying out a basis trade. Hedge funds are shorting ether to the tune of $1.73 billion on the CME, a venue favored by institutional traders, according to data from the Block, which cites the CFTC. CME data also shows that ether leveraged net totals have skewed heavily to the short side, according to X account zerohedge. A basis trade involves shorting an asset on one venue whilst simultaneously buying on another, remaining delta neutral in terms of price action. In this case, traders can secure around 9.5% per year by shorting ETH on the CME while buying spot ETFs, of which there is around $12 billion in assets under management. Data from Coinglass shows that on Thursday alone there was a record $421 million worth of inflows to ether ETFs, a trend that has been ongoing since early May. Those shorting ETH could secure an additional yield if they buy spot ETH and stake it for a further 3.5% per year. It's worth noting that this option isn't possible for spot ETF purchasers as custody is handled by the ETF provider. Bitcoin (BTC) was a popular asset for traders carrying out the basis trade in 2024 but that yield collapsed in March, which temporarily stalled inflows and muted price action.
Yahoo
14-07-2025
- Business
- Yahoo
Live: Bitcoin breaks new all-time highs daily
Live: Bitcoin breaks new all-time highs daily originally appeared on TheStreet. Bitcoin has officially entered uncharted territory. Over the past week, BTC has exploded from just over $107,000 to more than $123,000, smashing its previous all-time high and dragging the entire crypto market into what traders are now calling "crisis mode." The sudden move higher, fueled by macro uncertainty, surging U.S. debt, and a tumbling dollar, has reignited retail FOMO and institutional positioning alike. After more than two months of sideways price action, Bitcoin's breakout has been swift and decisive. Analysts are now eyeing $135,000 and even $145,000 as potential short-term targets. U.S. President has threatened to impose "very severe tariffs" of up to 100% on Russia if there is no peace deal within 50 days. Bitcoin immediately tumbled to $120,143.53 following the has retreated 1.85% from its record high that it reached earlier and was trading at $121,156.15 at press time. As per Coinglass, a little more than $3 million in short BTC positions have been liquidated within the last 4 hours. Bitcoin just surged past $123,091.61 according to Kraken's price feeds, officially setting a new all-time high. Momentum is red-hot, with traders eyeing $125,000 relentless rally shows no signs of fatigue, surging past $122K as momentum accelerates. According to QCP analysts, the market may have underestimated the strength of this move — driven by a technical breakout and a sharp rise in institutional demand. The Crypto Fear & Greed Index jumped from 40 to 70 in just three weeks, flipping sentiment decisively into 'Greed.' Meanwhile, spot BTC ETFs saw over $2 billion in net inflows last week, confirming the trend of institutional buy-in. On the derivatives side, leveraged long positioning continues to build. Perpetual funding rates are nearing 30%, and open interest (OI) has surged past $43 billion, levels last seen during BTC's push through $100K in January. Live: Bitcoin breaks new all-time highs daily first appeared on TheStreet on Jul 14, 2025 This story was originally reported by TheStreet on Jul 14, 2025, where it first appeared. 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
NDTV
14-07-2025
- Business
- NDTV
Bitcoin Hits Record High Of $120,000 As Bullish Momentum Builds
Bitcoin breached $120,000 for the first time, with investor optimism increasing almost daily after it emerged from a narrow trading range that had left skeptics wondering whether the original cryptocurrency would regain the record-breaking momentum seen at the start of the year. After surging on the election of Donald Trump to a second US presidential term, Bitcoin had settled into a pattern of fluctuating on either side of $100,000 for several months. Concern about Trump's political and economic policies had helped to temper optimism over the pro-crypto agenda of his administration. Now with other risk assets such as stocks back around record highs, Bitcoin has also resumed its push higher. "This shift signals a maturing perspective on Bitcoin - not merely a speculative asset, but a macro hedge and a structurally scarce store of value," said George Mandres, senior trader at XBTO Trading LLC. "A surge in risk-on sentiment across equities, coupled with significant institutional inflows into spot Bitcoin and Ethereum ETFs, has fueled this steady ascent, notably absent the sharp volatility of previous bull runs." The crypto market bellwether rose as much as 1.9% to $121,344, and is now up about 30% since December. Bitcoin more than doubled last year. Bitcoin's renewed momentum has also spilled over to smaller tokens - second-ranked Ether rose 1.5%, while XRP and Solana both increased about 2.7% around noon in Singapore on Monday. "Bitcoin's cleared $120,000, but the real test is $125,000," said Rachael Lucas, a crypto analyst at BTC Markets. While short-term profit booking can be expected, "the uptrend has fuel" driven by strong demand from exchange traded funds, she added. "Support at $112,000 and any dip looks like a buying opportunity, not a reversal." Helping to fuel the latest rally was the liquidation of bearish crypto bets at the end of the week. Traders who shorted Bitcoin bore the brunt of the rapid damage, with over $1 billion in positions wiped out, according to data from Coinglass. The token rose on the back of anticipation for what a Congressional committee dubbed "Crypto Week," where lawmakers in the US Congress are expected to debate and possibly vote on key cryptocurrency legislation. Some analysts aren't totally sold on the token's continued rise. "In my view, this isn't a macro-driven rally, but rather an isolated event," said Nicolai Sondergaard, a research analyst at Nansen. "That said, recent US policy developments such as fiscal expansion and expectations of further monetary easing have created a backdrop that is undeniably favorable for Bitcoin."
