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
Coinglass
Auto Added by WPeMatico
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sued Binance for alleged violations of trading and derivatives rules, a significant amount of cryptocurrency was withdrawn from the exchange. Data from analytics provider Nansen shows $400 million in Ethereum-based funds were withdrawn in 24 hours, and 3,655 bitcoin worth more than $99 million were withdrawn over the … Read more
Bitcoin’s Price Drop Causes Over $200 Million in Long Liquidations Across Crypto Derivative Exchanges
On Feb. 24, 2023, bitcoin’s price remained above the $23,000 threshold and then rose to a peak of $23,829 per unit on March 1. On March 2 at 8 p.m. Eastern Time, the price of bitcoin fell, dropping below the $23,000 mark. This decline resulted in a significant $237.97 million worth of long liquidations on … Read more
Binance US finally rolls out mobile payments service to US customers
Binance’s US arm has rolled out a feature for US customers called “Pay” which was launched by its global parent to users outside the US in 2021. Go to Source Powered by WPeMatico
Here’s why Bitcoin price could tap $21K before Friday’s $510M BTC options expiry
Bears are currently better positioned for this week’s $510 million BTC options expiry, but their overconfidence could give bulls a chance to flip the table. Go to Source Powered by WPeMatico
Ethereum price dips below the $1.8K support as bears prepare for Friday’s $1B options expiry
Looming macroeconomic concerns and this week’s $1B ETH options expiry threaten to pin Ethereum price under the $1,800 support. Go to Source Powered by WPeMatico
