Cryptocurrency market turmoil follows Bitcoin ETF anticipation; $51 billion influx boosts sentiment, lifting total market cap by 3.6%. Fear-Greed index rises after a month of volatility.
Xu LinCryptocurrencies face a potential short squeeze, with Bitcoin and Ethereum in focus. Bitcoin's liquidity pool at $49,281 raises concerns, while Ethereum eyes a short squeeze at $2,700. The market's unpredictability emphasizes the need for caution and understanding that outcomes can shift rapidly.
Cheng YuanCrypto markets brace for an extended consolidation period as The Flow Horse warns of depleted momentum. Awaiting the SEC's BTC ETF decisions, the analyst anticipates a prolonged correction, challenging bullish sentiments. Despite short-term concerns, Bitcoin's long-term trajectory remains positive, buoyed by passive flows from younger generations.
BerniceBoth XRP and BNB Chain present short-squeeze possibilities, with XRP having lower liquidity and BNB being more likely to experience a short squeeze due to its higher available liquidity.
Cheng YuanAave's bullish trends detected by Santiment, with increased wallet holdings and favorable RSI readings.
Xu LinOne Twitter user claimed that they are at “war” with the shorts while encouraging others to post more content about the short squeeze.
CointelegraphThe 20-Day moving average strategy provided good returns in 2018 and 2019, while the 50-Day MA strategy did better in 2021 and 2022.
CointelegraphOn-chain data shows Bitcoin funding rates have sunk into deep negative values, something that could pave way for a short ...
BitcoinistBnkToTheFuture co-founder Simon Dixon proposed a recovery plan for Celsius, similar to the solution Bitfinex offered after the August 2016 bitcoin hack, allowing customers to compensate for their losses by restoring tokens tied to the platform.
CointelegraphBnkToTheFuture co-founder Simon Dixon has proposed a recovery plan similar to the solution offered to Bitfinex after its Bitcoin hack in August 2016 – allowing customers to be compensated for their losses through tokens tied to the platform’s recovery.
Cointelegraph