Latest news with #Coinglass
Yahoo
2 days ago
- Business
- Yahoo
Crypto Bulls Rack up $600M Liquidations as Bitcoin Drops Under $104K
Crypto markets saw a wave of liquidations in the past 24 hours as bitcoin (BTC) prices slipped under $104,000, triggering over $600 million in forced closures of bullish futures positions to mark the highest losses since February. A total of $688 million in liquidations hit traders, with 89% of them on the long side — reflecting a heavily bullish market. The largest single liquidation order was a $12.25 million BTC/USDT on OKX, Coinglass data futures led losses at over $153 mmillion, followed by Ethereum (ETH) at around $122 million. Solana (SOL) faced liquidations totaling about $33 million, XRP futures at $30 million, and Dogecoin (DOGE) futures at over $22 million. "Markets went red on Friday on renewed tariff-related apprehensions," said Alex Kuptsikevich, chief market analyst at FxPro, in an email to CoinDesk. U.S. President Donald Trump accused China of violating a bilateral trade deal, prompting him to double tariffs on steel and aluminum to 50% to protect domestic industries. He claimed China reneged on a May agreement to ease trade tensions, adding that he might discuss the matter with President Xi. While China is a top steel exporter, most of its steel is already subject to existing tariffs, per Reuters. Trump's move rattled global trade markets, with potential implications for key minerals and overall relations between the two nations. The broader crypto market was also swept by the sell-off, with Ether down nearly 4%, XRP and Solana falling around 4-5%, and Dogecoin diving over 8% on the day. Data from Deribit shows open interest in Bitcoin futures has surged 51% since April, with options up 126%, signaling increasing investor appetite for leverage. But whales — large holders with more than 10,000 BTC — have shifted from accumulation to net selling, sending coins back to exchanges in a classic sign of profit-taking. A cascade of liquidations often indicates market extremes, where a price reversal could be imminent as market sentiment overshoots in one direction. Still, the renewed tariff flare-up, combined with a jittery derivatives market, has traders bracing for more volatility ahead. 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
Business Mayor
25-05-2025
- Business
- Business Mayor
XRP left in the cold as traders bet elsewhere! – Assessing why…
XRP is close to the majors, but the monthly view shows it lagging. Weak rotational interest shows in XRP's slipping XRP/BTC ratio and muted gains. On the weekly timeframe, Ripple [XRP] isn't far behind the major caps, but zoom out to the monthly timeframe and the divergence becomes clear. While Ethereum [ETH] flexed with a strong 40% rally, and even Dogecoin [DOGE] delivered a solid 20%+ ROI, XRP's move was much more muted. It quietly ticked up around 4%, landing near $2.30 at press time. From a rotation standpoint, XRP is still struggling to grab attention. The XRP/BTC pair confirms the story. The ratio has been grinding lower for ten days straight, sliding back to early-February support levels. Source: TradingView (XRP/BTC) That selloff really drives the point home. While the big names are still holding onto their gains from the (May 8-13 window) when Bitcoin [BTC] ranged near $103k, Ripple has already given back all its gains against Bitcoin. No surprise, it's stuck in a tight range below $2.50. Even with 2,524 fresh whale wallets (holding 10k+ XRP) added during the same timeframe, pushing total whale count to a record 302,197, the price barely budged. Bottom line? Accumulation is happening, but it's not translating into momentum, yet. Derivatives dodge XRP, bets elsewhere Ripple's epic November rally last year capped off Q4 with a staggering 266% ROI, earning it the crown as the 'best performing asset.' But behind the scenes, it wasn't just spot traders cashing in. Instead, derivatives were the real rocket fuel. By mid-January, XRP's Open Interest (OI) blasted off to an all-time high near $8 billion, perfectly syncing with its $3.40 yearly peak. Since then, OI has settled into a range between $3 and $5 billion, showing the market cooling off. Source: Coinglass Meanwhile, Ethereum's OI hit a record $33 billion on the 23rd of May, adding nearly $13.5 billion just this month. Solana [SOL] is closing in on its $8.57 billion peak, adding nearly $3 billion in May alone. Read More Is VIRTUAL gearing up for a rally? 2 factors suggest… The message is loud and clear: Futures liquidity and trader attention have rotated hard into alternative assets, leaving XRP stuck on the sidelines, gasping for momentum. Unless rotational and speculative capital rotate back into XRP's corner, the token could stay range-bound.
Business Mayor
24-05-2025
- Business
- Business Mayor
Ethereum Net Flows Turn Negative As Bulls Push For $3,500
Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Ethereum net flows have been mostly negative for the last week, and a continuation of this suggests bullish momentum is building up for the price. These figures show how much buying and selling could've been going on and how investors are viewing the digital asset right now. Ethereum Net Flows Bounce Around Net flows refer to the difference in the number of coins entering or leaving crypto exchanges over a given period of time. If net flows are positive, then it means more ETH are flowing into crypto exchanges, which could point to sell-offs are investors take advantage of the price increase. However, if net flows are negative, then it suggests that more coins are leaving exchanges than those going in. Thus, it could point to buying pressure being higher than sell-offs. Related Reading Currently, Coinglass data shows that Ethereum net flows have been skewing toward negative for a while now. 24-hour net flow volumes show a -$182.86 million figure as more coins moved out of crypto exchanges during this time. Source: Coinglass This has also persisted with six out of the last seven days showing that net flows are negative. This means that there have been more ETH leaving crypto exchanges than those going into exchanges for selling. Thus, showing that buying remains the order of the day. In this 7-day period, net flows for Ethereum are sitting at -$140 million. However, going further back, on the 15-day timeframe, investors are still skewing more toward selling. This time period shows a positive $186.48 million in net flows as well, which would explain why the Ethereum price seems suppressed despite Bitcoin making new all-time highs.. The 30-day period is no different, showing even larger deposit trends. In total, Ethereum investors have moved more ETH into crypto exchanges, causing net flows to fall to rise to $483.54 million during this time. ETH price pushes above $2,560 | Source: ETHUSDT on What Could Happen To Price If Net Flows Remain Negative If the Ethereum net flows continue to remain negative and even grow from here, then it would signal a rise in buying pressure. Once the buyers are able to outbid sellers, then the Ethereum price could begin to rally again. Related Reading As for how high the Ethereum price could go, crypto analyst Captain Faibik has explained that bulls are still struggling to reclaim the 200-Day Simple Moving Average at $27,000. Now, if they are able to capture this level and break out of it, the analyst sees the price rising above $3,500 in the near term. Source: X Featured image from Dall.E, chart from
Business Mayor
23-05-2025
- Business
- Business Mayor
Crypto Traders Bet Big on XRP: 70% of Binance Positions Go Long
15h05 ▪ 3 min read ▪ by Ariela R. The price of XRP seems to be sparking renewed interest in the crypto market. This is mainly driven by an overall bullish market sentiment and increased activity on Binance. More details in the paragraphs below! The numbers speak for themselves: crypto traders are heavily betting on XRP On the crypto exchange Binance, more than 70% of positions on the XRP/USDT perpetual market are long positions. This signal indicates strong bullish anticipation from cryptocurrency investors. Another fact reported by data from Coinglass: the proportion of long positions remains high even during drops in XRP's price. They often exceed 60%. This reflects a confident market sentiment, where every dip is seen as a buying opportunity. Admittedly, a slight rise in short positions caused some doubt around May 19. However, crypto traders quickly returned to buying. Finally, and importantly, the long/short ratio also recovered, demonstrating the typical resilience of a bullish market. This dynamic could signal a new bounce for the XRP crypto asset, especially if technical signals remain positive. Active XRP addresses reveal strong volatility in the crypto network Alongside the bullish trend of crypto traders, XRP network activity remains unstable. According to Glassnode, active addresses ranged from 38,000 to over 44,000 between May 12 and May 17. Currently, they have dropped below 30,000. This flow highlights some nervousness within the crypto community, potentially linked to fluctuations in the XRP price. However, this sudden spike in addresses might also be interpreted as a temporary resurgence of interest from users or institutional investors. At the time of writing this article, the XRP token is trading at $2.08. It thus records a 1.28% increase over 24 hours. Despite optimistic signals about XRP, the future of this crypto asset remains uncertain. Traders will need to stay vigilant against persistent volatility in the crypto markets. Maximize your Cointribune experience with our 'Read to Earn' program! For every article you read, earn points and access exclusive rewards. Sign up now and start earning benefits. My name is Ariela, and I am 31 years old. I have been working in the field of web writing for 7 years now. I only discovered trading and cryptocurrency a few years ago, but it is a universe that greatly interests me. The topics covered on the platform allow me to learn more. A singer in my spare time, I also cultivate a great passion for music and reading (and animals!)
Bloomberg
23-05-2025
- Business
- Bloomberg
Bitcoin Options Show Bulls Unbowed With Open Interest at Record
Even though Bitcoin has retreated from record territory, options show that traders remain extremely bullish with open interest reaching an all-time high. The total number of outstanding Bitcoin options contracts reached $48.2 billion as of Friday, according to data compiled by Coinglass. The largest digital currency fell as much as 3.4% to $107,357 on Friday, a day after reaching a record $111,980.
