Latest news with #VincentLiu
Yahoo
24-04-2025
- Business
- Yahoo
$635 Million Liquidated in 24 Hours as Bitcoin Surpasses $94,000, Fueling Predictions of a $100,000 Short Squeeze
Bitcoin crossed $94,000 on April 23, triggering liquidations worth $635.9 million across crypto markets in 24 hours. According to CoinGlass data, more than $560 million of that came from short positions. Bitcoin led the way with $230 million in shorts wiped out, while Ether followed with $109 million as its price rose to $1,787, almost a 10% gain. Binance was the exchange with the highest share of liquidations in a recent four-hour window, totaling $18.7 million, of which 78% were short positions. Bybit and OKX also reported high volumes of liquidated positions, pointing to broad market volatility. The surge in liquidations came as Bitcoin climbed to a 45-day high, reaching $94,236 at the time of reporting, with a 6.29% increase over the day. Some traders believe this price action could lead to a short squeeze pushing Bitcoin toward the $100,000 mark. Mister Crypto, a market analyst, shared a heatmap from Binance showing a build-up of liquidation orders around $100,000. He posted that 'liquidity is piling up around $100,000,' suggesting that many traders have set positions near that level, and if triggered, they could push the price higher. A short squeeze happens when traders who bet against an asset are forced to exit those positions, typically by buying the asset, causing the price to rise even further. Mister Crypto said that bearish traders are starting to show signs of stress as Bitcoin gains momentum. Despite the optimism from some quarters, others remain cautious. Vincent Liu, the chief investment officer at Kronos Research, pointed out that Bitcoin's move to $94,000 reflects positive sentiment, but warned that broader economic factors could influence whether it breaks $100,000. 'Cleared tariffs and potential Fed rate cuts could ignite further momentum, while rate hikes or unresolved tensions may keep BTC range-bound,' he said. Liu emphasized the importance of the upcoming Federal Open Market Committee (FOMC) meeting on May 6, as well as U.S. trade talks with India and China as key variables. The heatmap data and surge in short liquidations suggest a highly leveraged market environment, where many traders are taking directional bets. Bitcoin's current level has become a psychological milestone, with a significant amount of trading activity and open interest concentrated around the $100,000 level. As the market digests these developments, it remains uncertain whether Bitcoin can sustain its upward momentum or if the rally will stall below the much-anticipated threshold. For now, traders are watching closely as positions build and market pressure grows. Sign in to access your portfolio
Yahoo
04-04-2025
- Business
- Yahoo
DeFi TVL Falls Below $95 Billion, Down 30% From December Levels
The total value locked (TVL) in decentralized finance (DeFi) has experienced a significant decline, falling over 30% since its peak in December 2022. Currently, the TVL stands at approximately $94.49 billion, down from a high of $137 billion recorded on Dec. 17. This decline is attributed to a challenging macroeconomic environment and the still-maturing nature of the DeFi ecosystem. Recent data from DefiLlama indicates that DeFi's TVL recently reached a low of $88 billion, reflecting a broader downturn in the crypto market. Analysts point to various factors contributing to this drop, including reduced user confidence and a decrease in active addresses for major cryptocurrencies like Bitcoin and Ethereum. Market participants are grappling with uncertainty stemming from ongoing inflation concerns and geopolitical tensions. Kevin Guo, Director at HashKey Research, noted that while the DeFi sector has seen advancements, it still lacks the necessary maturity to integrate effectively with institutional financial products. Complicated interfaces and higher fees may deter retail investors, while seasoned traders remain reliant on the liquidity offered by licensed exchanges. Vincent Liu, Chief Investment Officer at Kronos Research, emphasized the importance of innovation within the DeFi space for regaining market momentum. He also mentioned that potential changes in U.S. tariffs and forthcoming Consumer Price Index data could influence a market recovery. Despite the current fluctuations, LVRG Research Director Nick Ruck asserted that DeFi remains a viable option for long-term investment.
Yahoo
07-03-2025
- Business
- Yahoo
Bitcoin's Extended 'Extreme Fear' Reading Might Just Pump It Higher
A multi-day 'extreme fear' reading in a widely-followed sentiment index could be indicative of bitcoin prices setting a bottom before moving higher in the coming weeks — with a previously similar setup preceding a 200% rise in BTC. The Fear and Greed Index, which measures investor emotions in markets like bitcoin, ranging from 0 (lowest sentiment) to 100 (highest sentiment), has shown an extended 'extreme fear' reading in the past several days as prices whipsawed between the $83,000 and $95,000 levels. The index helps identify whether investors are too scared (potential buying opportunity) or too greedy (possible market correction), tending to act as a contrarian indicator in the short term. It is based on price volatility and momentum, social media sentiment, Google trends data and bitcoin's overall market share. 'Bitcoin's plunge into 'Extreme Fear' on the Fear & Greed Index, its first since September 2024, when BTC traded at $53K, echoes a pivotal historical low,' Vincent Liu, CIO at trading firm Kronos Research, told CoinDesk in a Telegram message. 'Back then, Bitcoin's value doubled over the next three months, hinting at a potential buying opportunity for savvy investors.' 'Amid today's market volatility, fueled by trade tariffs and broader macroeconomic uncertainties, this moment could emerge as a golden entry point, provided global trade tensions ease and overall economic sentiment strengthens,' Liu added. Bitcoin and several major tokens, including Cardano's ADA, Solana's SOL and xrp (XRP), surged Sunday following President Trump's announcement of a U.S. crypto strategic reserve. But the initial excitement was short-lived due to profit-taking amid the lack of concrete plans and a risk-off mood in broader equity markets. Trump's tariff announcements on Canada, Mexico, and China further impacted markets, and traders are now awaiting more clarity from the upcoming White House Crypto Summit for cues on future positioning. Sign in to access your portfolio
Yahoo
05-03-2025
- Business
- Yahoo
Huawei Fully Upgrades Its Four Major Xinghe Intelligent Network Solutions to Build Al-Powered High-Quality Networks
BARCELONA, Spain, March 5, 2025 /PRNewswire/ -- At MWC Barcelona 2025, Huawei held the IP Club Carnival under the theme of "Xinghe Intelligent Network, Amplify Industrial Intelligence." At this event, Huawei unveiled its fully-upgraded Xinghe Intelligent Network offerings, reaffirming its commitment to helping global enterprise customers accelerate their digital and intelligent transformation. As artificial intelligence (AI) technology advances rapidly, networks — as the cornerstone for information transmission — are undergoing unprecedented changes. Network infrastructures urgently need to be upgraded to underpin massive data processing, real-time response, intelligent applications, and security protection in the AI era. Beyond this, new requirements are driving networks to evolve towards a higher level of intelligence. In the opening speech, Vincent Liu, President of Huawei's Global Enterprise Network Marketing & Solution Sales Dept, said, "Intelligent technology represented by AI is driving the rapid growth of the digital economy. Against this backdrop, all industries need to introduce AI at scale to create a high-quality, high-capacity, high-efficiency, and high-security network experience." "As AI enables all industries, high-quality networks become key infrastructures," said Sword Cheng, Vice President of Huawei's Data Communication Product Line, in a keynote speech. "Against this backdrop, Huawei has fully upgraded its Xinghe Intelligent Network offerings, helping customers build AI-powered high-quality networks to unleash digital productivity." These fully-upgraded offerings are purpose-built for campus network, data center network (DCN), wide area network (WAN), and security domains. Key announcements include the industry's most secure Wi-Fi 7 products, all-new high-density converged routers, the industry's highest-density data center switches, all-new unified endpoint security systems, and the industry's first network AI agent NetMaster. These tailor-made products are a great fit for all industries to build a solid technical foundation for accelerated intelligent transformation. Huawei's four major Xinghe Intelligent Network solutions are also fully upgrade with stand-out features as follows: Xinghe Intelligent Campus: wireless experience upgrade (10+ Gbps throughout, 1 Gbps access anywhere), application experience upgrade (always-smooth video conferences, always-optimal VIP services), O&M experience upgrade (a one person managing a campus with 10,000+ users), and security experience upgrade (easy terminal access, E2E wired and wireless security, and zero leakage of key data). Xinghe Intelligent Fabric: steady deployment for zero network errors, stable reliability for zero service interruptions, smart O&M for fault auto-handling, and robust security for zero data leakage. Xinghe Intelligent WAN: focus on three core priorities — convergence, intelligence, and deterministic latency— achieving self-awareness, self-adjustment, and self-optimization of services. Xinghe Intelligent Unified SASE: AI-powered operations for automatic handling of 99% alarms, AI-powered edge for efficient detection of 95% unknown threats, and AI-powered endpoints for detection of 100% ransomware virus and 100-hops of source tracing. Also at this event, industry pioneers shared their success stories of leveraging Huawei's Xinghe Intelligent Network offerings to accelerate digital and intelligent transformation. For example, Professor Jack Singh, Chief Scientist & Chief Advisor for Digital Economy, Sarawak Government in Malaysia, highlighted their best digital government practices, especially government campus network and WAN deployments in the digital economy. Armenio Lobato, IT Director of Group Globo in Brazil, talked about how they built a high-quality content delivery network (CDN) with Huawei's Xinghe Intelligent Ultra-Resilient Data Center Network Solution. Pedro del Mazo, Sales Director of Deutsche Telekom Global Business Iberia, detailed how to collaborate with Huawei to build ultra-resilient data center networks and high-quality 10 Gbps campus networks for customers. Looking ahead, Huawei will continue to innovate and explore intelligent technologies, deeply integrate AI with network infrastructures, and work with all stakeholders to amplify industrial intelligence, ultimately creating greater business value for customers. View original content to download multimedia: SOURCE HUAWEI
