Dogecoin, XRP, Stellar and Sandbox saw a larger liquidation share than usual as some top altcoins from the 2020-2021 cycle soared as high as 50%.
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Data hints that new all-time highs are on the way, even if Bitcoin struggles to gain above $92,000.
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Data suggests traders are ignoring the current Bitcoin price correction and betting for new highs after the US elections wrap up.
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Traders who bet the crypto market would keep rising have suffered a the second largest day of liquidations this month as Bitcoin and Ether both slid on the day.
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Ethereum derivatives metrics show increased activity, indicating higher interest but not necessarily a bullish trend.
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Lawyers for short-seller firm Citron’s Andrew Left reportedly said he would “never” accept a plea deal with the US government.
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The crypto-skeptic could spend 25 years behind bars should he be convicted on all 18 fraud-related charges.
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US President Joe Biden’s withdrawal from the 2024 presidential race led to a sharp crypto dip followed by a near-immediate correction, leading to huge liquidations.
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Pro traders use a combination of futures trading strategies to generate profits while limiting their liquidation risk.
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Level up your crypto trading game with margin trading steps to turn market ups and downs into your winning moves while navigating involved risks.
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