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Long Squeeze

All articles tagged with #long squeeze

cryptocurrency1 year ago•2 min saved

Bitcoin and Ethereum Long Squeeze Alert: Potential Retracement Levels and Record Rally Warning

As Bitcoin and Ethereum experience a notable rally, the derivatives market indicates a potential for long squeezes, with significant long liquidation pools identified. Bitcoin could see a retracement to $50,000, while Ethereum may retrace to $2,400, potentially causing 18% and 29% losses from their current prices, respectively. Traders are advised to be cautious and consider the speculative nature of investing in the highly volatile cryptocurrency market.

via Finbold - Finance in Bold|

#bitcoin #cryptocurrency #cryptocurrency-market

cryptocurrency2 years ago•2 min saved

Bitcoin's Price Volatility Continues to Confound Investors.

Bitcoin's value dropped by over 3% in just 15 minutes, falling below $30,000, with further declines taking it as low as $29,000. The sudden sell-off did not appear to stem from any immediate fundamental reason, but an unexpectedly high U.K. March inflation figure of more than 10% may have influenced market sentiment. More than $25 million in bitcoin futures were liquidated, with longs making up 98% of the positions. The slide led to a sell-off in the broader crypto market, with Ether, polygon, and dogecoin falling 5.3% in the past 24 hours and solana losing nearly 9%.

via CoinDesk|

#bitcoin #crypto-market #cryptocurrency

cryptocurrency2 years ago•3 min saved

Bitcoin's Price Volatility Continues Amid Mixed Market Signals.

Bitcoin's price has dropped below $30,000 after briefly surpassing the mark last week. The cryptocurrency's price decline may be due to several macroeconomic factors, including a jump in the US dollar and mixed Q1 earnings. Traders who bet on shifts in price have liquidated over $32 million worth of BTC long positions since Sunday evening versus $1 million of BTC short positions, leading to a long squeeze that tends to send prices lower. Other cryptocurrencies, such as Ether and Avalanche's AVAX token, have also experienced slight declines.

via CoinDesk|

#bitcoin #cryptocurrency #long-squeeze