The market for cryptocurrencies is known for its volatility, but sometimes the most significant risk isn’t just the market swinging up or down—it’s the trader’s own refusal to take profits at the right time. Take this recent case, for instance: a trader was living large with what was supposed to be a $40.8 million profit. Only problem? The trader never cashed out. And guess what? That “profit” vanished into thin air and reappeared as a series of losses the moment the market turned against the trader and, let’s face it, against us all. This trader, typically called a whale because
The post From $40 Million in Profits to a $2 Million Loss – The High Cost of Greed in Crypto appeared first on The Merkle News.
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Bitcoin’s short-term demand could be muted by global economic risks and fiscal challenges.
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Arthur Hayes published a “Trump Truth” blog post forecasting a massive crash in crypto markets following Donald Trump’s presidential inauguration in January.
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Rich Dad Poor Dad author Robert Kiyosaki predicts a catastrophic stock market crash and the collapse of “The Everything Bubble,” warning that gold, silver, and bitcoin will nosedive, triggering a global depression. He urges investors to brace for financial turmoil, saying only the prepared will emerge wealthier from the ruins. “Take bitcoin for example… it […]
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Researchers found a vulnerability in NEAR’s peer-to-peer networking protocol that could have crashed any node, but it was patched before an attacker could discover it.
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The Bitcoin futures premium plunged to its lowest levels in 10 months, but traders have refused to turn bearish.
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Worsening US macroeconomic data and some slight changes in the Bitcoin options market could be signs that BTC’s price weakness is set to intensify.
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Economist and gold advocate Peter Schiff argues that bitcoin exchange-traded funds (ETFs) contradict the core principles of the cryptocurrency by undermining decentralization and peer-to-peer transactions. He criticizes recent buyers of bitcoin for focusing solely on profit, suggesting this behavior indicates an impending collapse. Schiff also slammed Senator Cynthia Lummis’ bill proposing a U.S. bitcoin reserve, […]
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ETH’s onchain and derivatives data are looking stronger even as macroeconomic data remains concerning.
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Bitcoin derivatives show traders’ morale is low, weakening the odds of a 20% rise from the $49,320 BTC bottom.
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