Bitcoin’s price took a dip below the $54,000 mark on Friday, as the cryptocurrency continued its downward trend over the past week. The value slipped by 3.5% compared to the previous day, reaching a low of $53,810, a level not seen since early August. Bitcoin Reaches a 30-Day Low Over the past 24 hours, bitcoin […]
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Memecoins like PEPE and WIF saw the biggest loss after the $510 billion crypto market sell-off.
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As of 9 a.m. EDT on Monday, the crypto market experienced a $1.15 billion loss in derivatives positions, with $975.93 million of these being long positions. Of that total, approximately $403.82 million came from BTC positions, while $364.98 million resulted from ETH positions being liquidated. Mass Liquidation Madness On Monday morning, the crypto market faced […]
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Bitcoin’s price continues to correct, but BTC options markets reflect traders’ interest in the $62,000 level.
]]>The Solana meme token $FWOG recently experienced a dramatic 73% drop after its top three major investors liquidated their positions and took profits. This significant sell-off caused the token’s value to plummet in a short period, shaking the confidence of many holders. Among the notable traders, one address, known as Smart Money 5CQD2…psn2j, made headlines with a series of strategic moves. Shortly after $FWOG went online, this trader spent 52.6 SOL (approximately $9,510) to acquire 18.1 million $FWOG tokens at an average cost of just $0.0005251 per token. Top Whales Sell $FWOG 3 Million Tokens To Liquidate Their Entire Holdings
The post Solana Meme Token $FWOG Sees Massive Sell-Off, Plummeting 73% Amid Major Investor Liquidations appeared first on The Merkle News.
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The bitcoin market recently saw a significant sell-off, absorbing over 48,000 BTC from the German government. Amidst this and upcoming Mt Gox distributions, a report from Glassnode researchers explores how these sell-side forces and exchange-traded funds (ETFs) impact bitcoin’s price action. Glassnode Report Analyzes Sell-side Forces and ETF Impact on Bitcoin Centralized exchanges and ETF […]
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According to the latest data, $305.43 million was liquidated across crypto derivatives exchanges when bitcoin dipped below $57,000. One analyst predicts that with the Mt Gox and German government sell-offs, “supply will likely outstrip demand.” Conversely, QCP Capital notes that despite the current crypto sell-off, the options market remains hopeful. Crypto Liquidation Tops $305M as […]
]]>The decentralized exchange GMX, operating on the Arbitrum and Avalanche blockchains, saw a brief decline of 4% today after a strong performance, having surged 15% over the past week. On-chain data from Lookonchain indicates significant buying activity from whales and institutions. 66 Wallets Withdrew 344,502 GMX Tokens In the past two days, six new wallets collectively withdrew 344,502 GMX tokens, valued at $15.3 million, from Binance. This accumulation by large holders suggests confidence in the long-term potential of GMX despite the recent price dip. Whales/institutions are buying $GMX, and the price of $GMX has increased by ~24% in the past
The post GMX Experiences Brief Decline Amidst Whale And Institutional Accumulation appeared first on The Merkle News.
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The largest Friend.tech whale has sold all his holdings, causing the new token to fall over 50% in value while other users are still unable to claim the airdrop.
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On Monday, Morgan Stanley’s equity strategist, Michael Wilson, shared his thoughts on the state of Wall Street. He expressed his belief that a sell-off could be imminent, and that this could occur as a result of U.S. Federal Reserve chairman Jerome Powell’s upcoming remarks on Wednesday. Furthermore, there has been a great deal of conjecture […]
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