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The cryptocurrency market is abuzz with speculation following the emergence of an unprecedented $520 million short position against Bitcoin (BTC). According to Cointelegraph, an unidentified whale placed this record-breaking bet using 40x leverage, making it one of the most daring trades in Bitcoin’s history. ⚡️ LATEST: A Hyperliquid whale placed the largest $BTC short ever,…
Ether (ETH) continues to face resistance at the critical $2,000 level, with its price oscillating within a tight $130 range over the past week. As of now, ETH is trading between $1,810 and $1,960, with bearish pressures keeping it below the psychological resistance level. Spot Ethereum ETF Outflows Weigh on Price A key factor in…
Michael Saylor’s company, Strategy, formerly known as MicroStrategy, has expanded its Bitcoin (BTC) holdings once again. According to a recent filing with the U.S. Securities and Exchange Commission (SEC), the firm acquired an additional 130 BTC between March 10 and March 16 at an average price of $82,981 per BTC, totaling $10.7 million. This purchase…
Polkadot (DOT) has emerged from a prolonged downtrend, showing signs of a potential bullish recovery. The recent breakout from a descending wedge on the 4-hour chart suggests a possible trend reversal, with Fibonacci levels and Elliott Wave analysis providing insight into the next price movements. DOT Price Analysis: A Key Breakout DOT has been in…
After dipping below $6 last Monday, MANTRA (OM) has staged a recovery, reaching $6.84 and edging closer to the $7 mark. However, the bullish momentum appears to be weakening, raising concerns about a potential price pullback. OM’s Bullish Setup Faces Resistance OM’s price decline from its February 23 high of $8.99 formed a falling wedge…
Pi Network’s price has taken a sharp hit, dropping nearly 7% to around $1.35 as a broader crypto market selloff unfolds. The decline comes at a critical moment, with a massive token unlock set for March, sparking concerns over further losses. Investors are also on edge as Binance remains silent on a potential Pi Coin…
Solana, the high-performance layer-one blockchain, has officially marked five years since its mainnet launch on March 16, 2020. The network has rapidly evolved into a major player in the blockchain space, boasting over 1,300 validators, nearly $1 trillion in trading volume, and more than 408 billion total transactions. Happy 5th birthday Solana fam! 🥳 408+…
Shiba Inu (SHIB), one of the most well-known meme coins, has witnessed an astronomical increase in its burn rate, surging by nearly 50,000% in just one day. Simultaneously, its derivatives trading volume has skyrocketed, raising speculation on whether SHIB can reclaim its all-time high of $0.00008845. SHIB Burn Rate Explodes The Shiba Inu burn rate…
As the altcoin market braces for a potential parabolic rally, Chainlink (LINK) is showing signs of a possible price reversal. The large-cap altcoin, boasting a fully diluted valuation of approximately $13.8 billion and a daily trading volume of around $373 million, ended last week with a hammer candlestick pattern—often an indicator of a trend reversal….
Cardano (ADA) has experienced a significant shift in market dynamics over the past week, as large investors, or “whales,” offloaded over 100 million ADA. This massive sell-off has sparked concerns among traders, especially given ADA’s sluggish price response despite increased retail participation. Whale Activity and Market Impact On-chain data indicates that addresses holding between 1…