Latest news with #Coinglass
Yahoo
4 days ago
- Business
- Yahoo
Bitcoin, Ethereum, XRP, Dogecoin Extend Pullback But Traders Call It 'Just A Breather'
Cryptocurrency markets are trading lower early Friday morning, extending their downtrend after inflation data released on Ticker Price Bitcoin (CRYPTO: BTC) $118,996.80 Ethereum (CRYPTO: ETH) $4,641.03 Solana (CRYPTO: SOL) $194.91 XRP (CRYPTO: XRP) $3.10 Dogecoin (CRYPTO: DOGE) $0.2308 Shiba Inu (CRYPTO: SHIB) $0.00001299 Notable Statistics: IntoTheBlock data shows Bitcoin and Ethereum large transaction decreased by 6% and grew 1.9%, respectively in a single day. Daily active addresses grew 9.4% and dropped 1.5%, respectively. Coinglass data shows 195,979 traders were liquidated in the past 24 hours for $ $941.23 million. SoSoValue data shows net inflows of $230.9 million into spot Bitcoin ETFs on Wednesday. Spot Ethereum ETFs saw net inflows of $639.6 million. Trader Notes: Crypto trader CW pointed to a large Bitcoin buy wall near $117,000, which he expects to act as strong Hardy described the current pullback as "just taking a breather" after BTC's new high, noting it remains within range. On the other hand, Jelle observed a rebound after a partial CME gap fill, saying a move back above $120,000 could shift attention away from PPI data and lift prices higher, until then, altcoins are likely to lead. For Ethereum, Daan Crypto Trades highlighted its proximity to the 2021 ATH after breaking out of the $2,800–$4,000 range last week. Levels above $4,000–$4,100 are considered bullish as long as the broader uptrend holds. Dark Defender said XRP's ABC correction is nearly complete, with upside targets at $3.33, $4.36, $5.85, and $10.47, while support lies at $3.00, $2.85, and $2.64. Crypto chart analyst Ali Martinez forecast a final "buy-the-dip" opportunity before aiming for $ noted Dogecoin's consolidation phase could precede a strong breakout, expecting it to be among the first major coins to see retail-driven surges. Read Next:Image: Shutterstock Up Next: Transform your trading with Benzinga Edge's one-of-a-kind market trade ideas and tools. Click now to access unique insights that can set you ahead in today's competitive market. Get the latest stock analysis from Benzinga? This article Bitcoin, Ethereum, XRP, Dogecoin Extend Pullback But Traders Call It 'Just A Breather' originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved. 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
5 days ago
- Business
- Yahoo
Crypto market sees $1B getting 'rekt' as prices pull back from highs
Crypto market sees $1B getting 'rekt' as prices pull back from highs originally appeared on TheStreet. The crypto market is reeling after a sharp pullback wiped out over $1.05 billion in leveraged positions in the past 24 hours. According to Coinglass data, 219,682 traders were liquidated, with longs bearing the brunt — accounting for more than $778 million of the total. The largest single liquidation was a $10 million BTC-USD position on Bybit. Bybit led in total liquidations with $447 million, followed by Binance with $264 million and OKX with $126 million. Bitcoin (BTC) is now trading at $118,718, down 1.5% in the past 24 hours after recently hitting record highs above $124,000. Its market cap sits at $2.36 trillion. Ethereum (ETH) fell 3.4% to $4,547, while XRP slipped 5.2% to $3.11. Other major altcoins also saw losses, with Solana (SOL) down 4.2% to $193.60 and BNB down 2.3% to $833.84. The sell-off follows days of euphoric gains that pushed Bitcoin past Google in market capitalization earlier this week. Jessy Gilger, CFP, Senior Advisor at Sound Advisory (the financial planning and investment arm of Unchained), says the latest move fits squarely within Bitcoin's historical growth pattern, but with one key difference that could make this cycle even stronger: 'Every Bitcoin cycle has followed the same pattern: consolidation, expansion, peak, and retrace, with each peak rising materially above the last. This cycle is tracking closely to that model. But with this year's supply issuance cut in half and institutional demand stronger than ever, the runway for record growth is wide open." Ethereum is riding the same bullish wave. As ETH approaches an all-time high, Thomas Perfumo, Global Economist at Kraken, notes: "ETH has surged to its first new all-time high since 2021, lifting Bitcoin and other major altcoins alike. The rally marks ETH's first sustained run of outperformance in years, fueled by aggressive institutional inflows." He added: "Corporate treasuries and spot ETH ETFs now control more than 8% of the circulating supply—almost double their stake from just two months ago—creating a supply squeeze that has amplified the latest move higher. Leading the charge is Bitmine, now ETH's largest single holder, which recently filed to expand its at-the-market equity offering by $20 billion, arming it with additional dry powder to accelerate accumulation." Crypto market sees $1B getting 'rekt' as prices pull back from highs first appeared on TheStreet on Aug 14, 2025 This story was originally reported by TheStreet on Aug 14, 2025, where it first appeared. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
06-08-2025
- Business
- Yahoo
XRP Down 5% In 1 Week: What Is Going On?
XRP (CRYPTO: XRP) is reeling from an ongoing correction, which is weighing on the token's price despite institutional Ticker Price Market Cap 7-Day Trend XRP (CRYPTO: XRP) $2.94 $174.4 billion -5% Bitcoin (CRYPTO: BTC) $113,994.59 $2.3 trillion -3.4% Ethereum (CRYPTO: ETH) $3,621.59 $437.2 billion -4.2% Trader Notes: Crypto chart analyst Ali Martinez predicts XRP may face deeper downside, citing multiple technical red flags: Tom DeMark Sequential indicator recently flashed a sell signal on the 3-day chart, initiating the ongoing pullback. The next critical support level is $2.40. While $3 offered initial support, on-chain data highlights $2.80 as a soft buffer, with real demand starting below $2.48. Whale activity is also turning bearish. Over 720 million XRP have been dumped recently. The MVRV ratio just triggered a death cross, further supporting a bearish short-term outlook. Martinez's trade record stands at 26 trades in July, yielding a total profit of 108.6%. He entered XRP at $2.33 on July 7, exiting with 11.1% profit and re-entered on July 24 and 30, earning 4.4% and break-even, respectively. Statistics: CoinShares reports $31.3 million inflows into XRP last week — in contrast to outflows from Bitcoin — signaling continued institutional interest. Whale Alert reported a transfer of 20 million XRP (worth ~$60.6M) from Upbit to an unknown wallet on Aug. 5. Coinglass data shows XRP options volume having surged 94.8%, and open interest rising 82.8% in a single day. In the past 24 hours, $15.3M in XRP positions were liquidated, with long liquidations accounting for $13.3 million. Community News: Ripple is expanding its footprint in Asia through a partnership with Korean crypto custodian BDACS to offer institutional-grade custody for XRP and RLUSD in South Korea. Ripple Custody will provide secure infrastructure for managing digital assets. BDACS' integration with top Korean exchanges — Upbit, Coinone, and Korbit — enables regulatory-compliant XRP deployment across the region's leading trading platforms. Read Next: Image: Shutterstock Up Next: Transform your trading with Benzinga Edge's one-of-a-kind market trade ideas and tools. Click now to access unique insights that can set you ahead in today's competitive market. Get the latest stock analysis from Benzinga? This article XRP Down 5% In 1 Week: What Is Going On? originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved. 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
01-08-2025
- Business
- Yahoo
Crypto's $10 Billion Shakeout: Why Bitcoin's Rally Just Hit a Wall
Bitcoin (BTC-USD) extended its slide for a fifth straight session, dipping as much as 2.2% to $113,979 its lowest level in nearly a month as investor enthusiasm continues to cool following July's all-time high. That peak, which saw Bitcoin touch $123,200 just before President Donald Trump signed the country's first crypto regulatory framework into law, now feels like a distant memory. Ether also retreated sharply, falling 4.5% to $3,567, while the broader digital asset market gave back some of its recent gains after briefly crossing a $4 trillion market cap milestone last month. Warning! GuruFocus has detected 5 Warning Signs with NVDA. The rally had been fueled by blockbuster ETF flows Bitcoin products attracted $6 billion in net inflows in July (third-best on record), while Ether ETFs brought in $5.4 billion, marking their strongest month yet. But momentum is showing signs of fatigue. Bitcoin's Coinbase premium a real-time measure of US investor appetite flipped negative this week for the first time in two months, according to CryptoQuant. Futures open interest on CME has dropped 13% for Bitcoin and 21% for Ether from their July peaks. These shifts suggest that institutions could be taking a more cautious stance as Q3 gets underway. Traders appear to be repositioning quickly. Over $800 million in leveraged long positions were liquidated in the past 24 hours alone including $251 million tied to Ether and $200 million to Bitcoin, based on Coinglass data. At the same time, downside protection is gaining traction. Nick Forster, founder of noted that Bitcoin's 30-day options skew has swung from +3% to -1.5%, pointing to rising demand for puts over calls. Roughly $10 billion in BTC was sold OTC on July 15, triggering a 4% price dip, he added. Miners also sold off about 15,000 BTC after the record high. Meanwhile, Coinbase (NASDAQ:COIN) shares fell as much as 17% after Q2 revenue came in below estimates, underscoring a broader pullback in retail and institutional engagement alike. 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
Economic Times
01-08-2025
- Business
- Economic Times
Bitcoin slips below $115,200 as U.S. tariffs rattle markets; Ethereum, Solana, Dogecoin fall up to 8%
The global cryptocurrency market declined sharply on Friday, with Bitcoin dropping below the $115,200 mark amid fresh U.S. tariffs and a wave of profit booking that triggered widespread liquidations. As of 12:30 pm IST, Bitcoin was trading at $115,149, down 3%, while Ethereum fell 5.5% to $3,663, according to CoinMarketCap. The total global crypto market capitalisation dropped 3.82% to $3.75 trillion, reflecting risk-off sentiment across the board. Major altcoins joined the downturn. XRP and Solana both fell over 6%, while Dogecoin, Cardano, Hyperliquid, Stellar, Sui, and Chainlink registered losses ranging from 7% to nearly 10%.'Bitcoin slid 3% to trade near $115,300 as fresh US tariffs and a major profit-taking wave put pressure on crypto,' said Vikram Subburaj, CEO of Giottus. 'Over $635 million in leveraged positions were flushed out, mostly from long traders caught in a sharp intraday reversal.'Subburaj said that Bitcoin's $115,000 level remains critical. 'As long as BTC holds this level, the broader uptrend is intact. Heatmaps show heavy short interest above $120,000 and long liquidation zones below $115,000. If sellers push further, the $111,000–$115,000 range will be crucial for bouncebacks.' According to data from Coinglass, total crypto market liquidations stood at $630.68 million over the past 24 hours, with nearly 90% coming from long positions. The selloff was largely attributed to macroeconomic concerns.'The nearly 3% dip in the global market cap is primarily driven by the Fed's warning on slowing growth and new trade tariffs,' said Riya Sehgal, Research Analyst at Delta Exchange. 'Despite the drop, Bitcoin closed July above $115,000—its highest monthly close ever—showing long-term resilience.'Sehgal added that the BTC options market remains cautiously optimistic. 'A Put-Call Ratio of 0.65 and visible call buildup between $116K–$120K suggests bullish expectations. Meanwhile, unwinding of puts near $109K–$111K signals weakening bearish sentiment.' While Ethereum briefly dropped to $3,600, it quickly rebounded above $3,700, supported by retail dip-buying and continued inflows into spot ETFs, which now total $21.85 billion. 'ETH is holding ground around $3,700 despite a 5% decline,' said the CoinSwitch Markets Desk. 'Momentum may return if BTC reclaims the $116,100–$116,200 range. Tether's strong Q2 profit of $4.9 billion also highlights growing interest in stablecoins amid improving regulatory clarity in the U.S.'Meanwhile, despite near-term volatility, analysts remain bullish on the long-term structure of the market.'Bitcoin remains in a healthy buy-the-dip zone,' said Parth Srivastava, Head of Quant at 9Point Capital. 'Institutional demand continues to absorb supply, and we expect consolidation to lead to a fresh breakout heading into Q4.' (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
