Traders eye $71.5K Bitcoin price as open interest jumps 13%
Bitcoin may be gearing up to move above $70,000 now it has reclaimed a critical level that traders have been closely watching for the past two months. Go to Source
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‘Insane amount’ of Bitcoin shorters are hoping it won’t go to $70K
A hefty amount of Bitcoin short positions will be wiped if Bitcoin returns to $70,000, a price level it hasn’t seen in 12 days. Go to Source
Bitcoin open interest goes meteoric, traders warn of a ‘whipsaw’
Bitcoin’s open interest jumped $2.02 billion over three days, sparking concerns among traders about a potential “whipsaw” event. Go to Source
Bitcoin Surpasses $70,000, Reaches Intraday High of $71,031
The price of bitcoin (BTC) climbed above the $70,000 mark on Tuesday, hitting an intraday peak of $71,031 on Bitstamp. This marks a nearly 3% increase over the past day, adding approximately $1,891 in value since the 24-hour low. Bitcoin’s Price Stabilizes Above $70,000 Bitcoin remains steady above $70,000 at 1:05 p.m. EDT on June … Read more
2 key Bitcoin indicators have ‘cooled off’ — Why it could be bullish
The Bitcoin funding rate and 3-month annualized basis rates are moving to levels that signal to traders it may just be the “calm before the storm.” Go to Source
Bitcoin 4% dip may ‘panic’ short-term holders as price falls below average cost
Bitcoin short-term holders are currently holding a 3% unrealized loss but it “isn’t the end of the world,” according to a crypto analyst. Go to Source
‘Pretty ordinary stuff’ — Traders seem unfazed by Bitcoin correction
Crypto traders are stressing that the Bitcoin price correction is “exactly what the cycle needs” right now. Go to Source
$510M longs at risk if Ether repeats last weekend’s volatility
Even a small 2.25% decline this weekend could trigger the liquidation of over $500 million in Ether long positions. Go to Source
2 on-chain metrics suggest Bitcoin at its ‘best moment to buy’
One crypto analyst says Bitcoin’s just undergone one of the “healthiest market resets” he has seen in a long time. Go to Source
Binance Experiences Significant BTC, ETH, and Stablecoin Withdrawals Following CFTC Lawsuit
After the U.S. Commodity Futures Trading Commission sued Binance for alleged violations of trading and derivatives rules, a significant amount of cryptocurrency was withdrawn from the exchange. Data from analytics provider Nansen shows $400 million in Ethereum-based funds were withdrawn in 24 hours, and 3,655 bitcoin worth more than $99 million were withdrawn over the … Read more
